Industry
Equisure Financial Network Inc. (TSE: EFN) released record first quarter figures, setting new highs in revenue, net income, earnings, shareholders equity, assets and EBITDA (earnings before interest, taxes, depreciation and amortization). The company’s consolidated revenue was up 3% from 1998’s $21.1 million to $21.6 million. Net income rose by 38% to $1.05 million from $762,000 […]
May 31, 1999
1 min read
Gore Mutual Insurance Company has appointed Kevin McNeil as president and chief executive officer. With 25 years of insurance, banking and industrial experience, McNeil has held senior positions in the insurance sector, including president of The Personal Insurance Company of Canada. HB Group Insurance Management Ltd. has announced a new management team and structure for […]
In most industries, the Internet has become an important business tool. Employees have access to endless possibilities for research, for improved communications internally and externally, and to work from home. Security in access and transferring information has, however, been the biggest concern of business in maximizing on the Internet’s full potential. Virtual Private Network (VPN) […]
By Ron Lepofsky, president, PTI Telecommunications | May 31, 1999
3 min read
The Women in Insurance Cancer Crusade (WICC) held its annual fundraising dinner at Toronto’s Sheraton Centre March 31, raising $37,000 for cancer research. An estimated 340 industry members took part in the fundraiser, which was highlighted by an auction in which full tables bid for the opportunity to guess who the evening’s surprise guest was. […]
We couldn’t have picked a worse day for the opening of my company’s new regional office. Gale-force winds had blasted into the city overnight, knocking down trees and power-lines, shutting down the airport, and tearing the roofs off new, unfinished homes in the suburbs. They had also succeeded in lighting up the phones in our […]
By Axiom | May 31, 1999
9 min read
While the potential restructuring of financial institutions on the national scene is holding the attention of Alberta brokers, there are plenty of initiatives on the homefront to keep them busy. New Insurance Brokers Association of Alberta (IBAA) president Stephen Evanson says his organization is concentrating efforts on assisting the provincial government in rewriting its Insurance […]
2 min read
This month federal Finance Minister Paul Martin will release his report outlining the proposed future of financial institutions in Canada. With brokers and insurers weary of banks being allowed to retail insurance out of their branches, the associations are standing by ready to release their responses to the public. Insurance Bureau of Canada vice president […]
The new president of the Insurance Brokers Association of Manitoba (IBAM) Ron Vandenbosch says the battle against banks retailing insurance is the top concern expressed by his constituents at the recent IBAM annual general meeting in Winnipeg. Asked to list three top concerns of Manitoba brokers, he answers the bank threat, the need to further […]
AIG recently held it’s first Canadian Product Fair in Toronto at the Roy Thompson Hall. Greg Flood (pictured), president of AIG’s mergers & acquisitions division, was one of several speakers addressing the 600 attendees. Flood points out that the surge in M&A deals over the past two years has opened up new product opportunities for […]
The City of Toronto’s new mandatory mediation program could result in quicker and more efficient resolutions of insurance lawsuits, lawyer Paul Iacano told a packed conference room at a seminar at the recently held Claims ’99 Ontario Insurance Adjusters Association conference. Iacano’s co-speaker, lawyer James Howie, disagreed, contending the jury is still out on the […]
By Lowell Conn | March 31, 1999
4 min read
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