Risk
There’s a new insurance company on the block with a 165-year history, following the recent merger of commercial/industrial property insurers Allendale Insurance, Arkwright, Protection Mutual Insurance and their affiliate Factory Mutual. The new company will market itself as FM Global. FM Global customers now have a single organization to deal with and a stronger global […]
July 31, 1999
3 min read
Several months ago Northern Telecom shook the Canadian business community when it announced plans to relocate to the U.S., mainly due to the high personal income tax structures in Canada which make it difficult if not impossible to compete against American companies for employee talent. In mid-June, Finance Minister Paul Martin broadly addressed the “brain […]
9 min read
Commercial
Calgary-based brokerage network Canada Brokerlink Inc. (TSE: CKK) has disclosed plans to purchase back approximately 5% of its issued normal shares (1,794,233 shares). This step is in response to what the company believes as being a current under-valuation of its share price. According to a statement issued by the board of directors, the repurchase of […]
2 min read
Monday, September 20 Plenary session at 8:30am examining Swiss Air Flight 111 which crashed off the coast of Halifax, Nova Scotia. How did the government of Nova Scotia deal with this terrible tragedy and what lessons can be learned? Government personnel directly involved with the disaster will share their experiences. The second plenary session, entitled […]
1 min read
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. Canadian Insurance Accountants Association: Annual Conference. Contact Paul Mann at 905-274-2722. The Prince Edward Hotel, Charlottetown, PEI. Sept. 19-22. […]
Industry
Peopleplus Insurance Company, a member of Zurich Financial Services Group, recently announced a partnership with Hudson’s Bay Company to launch a private label car and home insurance program. The group scheme, available exclusively to Bay and Zeller’s credit card holders, marks the latest foray by an insurer in marketing insurance to retail-chain customers. Peopleplus was […]
The property and casualty insurance industry in North America will have to come to grips with the growth in e-commerce — in terms of client demands for cover as well as managing their own exposures to the Internet, a national live broadcast debate recently held by the U.S. Chartered Property Casualty Underwriters Society (CPCU) decided. […]
Business conditions for the Canadian property and casualty insurance industry remained weak for the first quarter of this year, with auto and personal property showing increased loss ratios across Ontario and Atlantic Canada, says Paul Kovacs in the Insurance Bureau of Canada’s (IBC) quarterly industry analysis. Commercial rates are, however, showing signs of improvement after […]
St. Paul Fire and Marine Insurance Co. has announced Doug Wyseman, a leader in the field of risk management for the public sector, has joined the company to establish niche loss control services for its new public sector insurance division. Wyseman is a twenty-five year veteran of the risk management profession. The board of Royal […]
Achange in senior executive positions at Toronto-based Queensway Financial Holdings Ltd. (TSE: QFH) has resulted in a shift in power from Canadian to U.S. management. A statement recently released by the company says James Petcoff and Mathew Petcoff will be taking over as CEO/president and COO/vice president. Canadian David Rooney, who previously handled the portfolio […]
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