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Richard Patina, president of Lombard Commercial Lines and Robert Taylor, president of London Guarantee have announced the formation of a strategic alliance between the two insurance companies to refer business that falls within their respective areas of specialty. Lombard will refer to London Guarantee accounts seeking coverage for certain types of directors’ and officers’ liability, […]
February 28, 1999
1 min read
News
Reduced profitability, rising underwriting losses, increased competition and higher technology costs are likely to form the stage for the North American property and casualty insurance industry in 1999, according to the vast majority of respondents in an Insurance Information Institute (III) survey conducted at the annually held Joint Industry Forum which recently took place in New York City.
4 min read
Industry
The fair-weather profit years which the property and casualty insurance industry has enjoyed since the mid-1990s is likely to run into a storm in 1999 with companies generating single digit returns on equity (ROE). Projections based on third-quarter StatsCan data suggests that the p&c industry achieved a modest 3% growth in premium income for 1998, […]
3 min read
Health management services have been an all or none proposition for corporate Canada. A company traditionally has to buy a bundle of services from one provider or assemble a program from a group of vendors. Liberty Risk Services Canada wants to change that. The Toronto-based company is taking a new tactic to health management with […]
Single Male, Age 20 $1,245 $3,256 $4,906 Driver Vancouver Calgary Toronto Single Male, Age 20 $1,245 $3,256 $4,906 Single Female, 20 $1,245 $1,901 $2,855 Single Male, 30 $1,160 $1,036 $1,429 Married Male, 45 Married Female,42$1,096$1,819$2,684 Single Male 17 Married Male 55 Married Female, 52$1,096$897$1,186 Driver Vancouver Calgary Toronto Single Male, Age 20 $1,245 $3,256 $4,906 […]
8 min read
Zurich Canada has announced the acquisition of World Travel Protection (WTP), a Canadian travel insurance assistance and administration company. WTP offers travel insurance administration, case management and health information services to large institutions in the affinity and employee group markets. Prior to the acquisition, Zurich Canada held a 50% equity interest in WTP. Full ownership […]
Dominion of Canada General Insurance has joined the growing rank of insurance companies offering broker call centre services. In the spring of this year Dominion will launch Chieftain Insurance in the Alberta and Ontario personal lines markets. Dominion president George Cooke says Chieftain will initially offer a personal auto and property product sold through an […]
2 min read
Hambro Insurance Services Group (HIS), a recently acquired subsidiary of Lindsey Morden Group Inc., has sold its 33% interest in Oracle Service Network Corporation — a provider of roadside and other assistance services in the U.S. and Canada — to Tampa-based Sykes Enterprises for 486,892 Sykes common shares. Sykes, an outsourcing consultant firm specializing in […]
Every end is a new beginning. This has never been truer than in today’s fast paced world where everyone and everything is constantly being reinvented. As I look at my career in the risk management field, I can see that risk management is an evolutionary process where people and companies become more aware of their […]
6 min read
Despite deteriorating conditions in the property and casualty insurance market, insurers continue to slash already low premium rates. Market observers forecast this trend to continue for at least 24 months as insurers prioritize marketshare over revenue prosperity. Simply put, the insurance price war – particularly intense in the commercial lines arena – can only lead […]
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