Claims
The aftermath of tornado action in late July left massive damage in parts of Alberta and southern Ontario – the insured cost of which is likely to run into millions of dollars. As a result, the Insurance Bureau of Canada (IBC) has once again called on the federal and provincial governments to invest in disaster […]
July 31, 2000
1 min read
Risk
Following major restructuring in the mid-1990s, including the influx of corporate capital, Lloyd's is embarking on a campaign to rejuvenate its image. Part of the strategy is the recent announcement that Lloyd's would allow itself to be supervised by the U.K.'s Financial Services Authority, says Julian James, Lloyd's North American director
3 min read
Industry
The Chicago-based CNA Group is the latest of reinsurance players to be placed on the injury list as a result of losses on Canadian business. CNA Re, which writes its business in Canada through a wholly-owned U.S. registered subsidiary, Niagara Fire Insurance Company, has axed its Canadian management team and shifted control of the book […]
2 min read
The Board of Directors of CG&B Group Inc. of Ontario announces that Jeff Brandham has been appointed president and chief executive officer. Brandham joined the insurance brokerage and financial services provider as a partner in 1979. AXA Canada has appointed Jean-Denis Talon, currently chairman of the board and president, to the position of chairman of […]
Announcements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Strategy Institute P&C E-Strategy Super Summit. Toronto, ON. Call 416-944-8833 for more information. August 24 and 25. National Association […]
There is little wonder to why insurance company leaders are reluctant to embrace e-commerce wholeheartedly. Having being struck a double whammy of first “panel beating” their multi-million dollar legacy-based systems into shape for Y2K, then being told these same platforms are virtually obsolete in the approaching wave of “next generation” Internet-selling technology, any self-respecting executive […]
June 30, 2000
4 min read
If bigger is better, then Paul Hancock's plans for the Canadian Independent Adjusters Association will be welcome news to its members. The incoming president has his eye squarely on expanding membership, increasing the association's profile, and making strides in the battle for industry self-regulation.
6 min read
The previously announced bidding process launched by broker network consolidator Equisure Financial Network (TSE:EFN) in search of a parent owner has reached the final level of negotiations. Equisure recently issued a news announcement stating that shareholders had accepted the creation of a shareholder rights plan allowing for the bidding process to commence. The first stage […]
In May’s Moves and Views, Mabel Sansom was incorrectly identified as the executive director of the Insurance Brokers Association of Ontario (IBAO) rather than her true position of executive director of the Insurance Brokers Association of Canada (IBAC). It was also indicated in the announcement, as did several other media, that Sansom would be resigning […]
Brokers across the country need to keep the pressure on federal and provincial legislators. This is the message Manitoba’s brokers heard at their annual conference in Brandon from the Brokers Association of Manitoba (IBAM) new president Gerry Corrigal. The recent release of the federal government’s new financial services legislation does not mean broker associations can […]
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