Industry
There are a multitude of parallels between changes affecting the securities and insurance industries, notes 2000 Property & Casualty Joint Industry Forum keynote, Goldman, Sachs & Co. chief executive officer Henry Paulson Jr. “Globalization and technology are driving a whirlwind of change. Now more than ever, there are so many opportunities, in so many different […]
February 29, 2000
1 min read
Risk
Queensway Financial Holdings Limited has announced the appointment of H. Anthony Arrell and Patrick Hodgson to Queensway’s board of directors. Arrell is the chairman and chief executive officer of Burgundy Asset Management Limited. Hodgson is the president of Cinnamon Investments Ltd. and chairman of Todd Shipyards Corporation in Seattle, Washington. The Allianz Group has announced […]
2 min read
Generally speaking, I am an optimist about the role technology plays in our society, but I am certainly not an unabashed enthusiast. I often find, as I deal with various service suppliers, especially call-centers, that the cutting edge is not so much a finely honed blade as a blunt cleaver in need of a good refurbishing.
5 min read
Supplier of information products and software for the insurance, glass replacement and collision repair industries Mitchell International has announced it is being acquired by San Francisco-based equity firm Hellman & Friedman. The company was sold by previous owner The Thomson Corporation, which owned Mitchell since 1986. Terms of the deal have not been announced. “Mitchell […]
Jim Ball, president of the Insurance Brokers Association of Canada, has announced that board approval was received for the Association to join the World Federation of Insurance Intermediaries (WFII). The WFII is a non-profit federation that promotes the interests of insurance intermediaries world-wide. WFII was established on January 30, 1999 with the innaugral meeting in […]
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. Toronto Insurance Women’s Association: Lunch Meeting. For more information, call Julia Benyak at 416-362-8586. Royal York Hotel, Toronto, ON. […]
T he battle being waged for control of Calgary-based broker consolidator Canada Brokerlink took a dramatic turn toward the end of last month when Allianz Canada stepped to the table with a superior counter offer worth around $42 million. The offer of 120c a share put forward by Allianz to Brokerlink’s shareholders is 18% richer […]
3 min read
On the invitation of the Office of the Superintendent of Financial Institutions, the Insurance Bureau of Canada (IBC) formed a working group in 1998 to prepare a set of draft standards of sound business and financial practices for property and casualty insurers. The IBC drew upon standards for similar standards for life insurance companies and […]
January 31, 2000
Arecently held KPMG seminar on e-commerce application opened with a quote from Bill Gates: “Business is going to change more in the next ten years than it has in the last fifty…If the 1980s were about quality and the 1990s were about reengineering, then the 2000s will be about velocity.” And, a North American e-commerce […]
4 min read
The answer to industry automation might never have been the Synchron Project or any vendor based initiative. There is rising sentiment that it always was the internet. This industry-wide realization has struck home, and insurers are now rushing to get online. It is no longer talk, or abstract theory. it is the here and the […]
9 min read
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