Industry

GA & Vector strike pact

Listed broker-network Vector Intermediaries Inc. has struck a deal with General Accident Group (GA) which could cure the network’s cash woes. The deal, which could inject up to $35 million into Vector’s coffers, includes a $20 million loan facility made available by the insurer. The deal also provides GA with a five-year option to acquire […]

December 31, 1998

2 min read

CBUS targets $250 million premium outflow

Toronto-based Cross Border Underwriting Services Inc (CBUS), a subsidiary of the listed KRG Insurance Group, notched up half a million in premium dollars in its first year of operation. A specialist wholesale brokerage operator, CBUS was created a year ago to provide Canadian brokers with a means of servicing their clients with offshore exposures. In […]

December 31, 1998

2 min read