Risk
The change occurring in traditional business roles, and to some extent the outright turmoil this is causing in certain quarters of the property and casualty insurance industry, continues to hold centre stage at professional gatherings. Preparing for the future, dealing with new technology, merger mania and how to strike strategic alliances have been served up […]
December 31, 1998
3 min read
Industry
Last month Howard Moran, in his capacity as board chairman of the Centre for Study of Insurance Operations (CSIO), announced the resignation of Len Ashby as the organization’s president. Although an outspoken critic of the political dabbling of both companies and brokers in the industry’s various technology initiatives (namely Synchron), Ashby is seen to having […]
4 min read
Lindsey Morden Group has sold Hambro Assistance (HA) to Eastgate Group Limited of London England for $132.4 million. HA, which provides telephone helplines and other assistance services in the United Kingdom, is a unit of Lindsey Morden’s Hambro Insurance Services Group (HIS) subsidiary. Lindsey Morden acquired HIS earlier this year for approximately $210.2 million. The […]
1 min read
A battle of brawn and wits has begun among service providers to the insurance industry in response to the rapid consolidation taking place at the primary company level.Faced with a changing landscape, service providers are looking for new opportunities and cost-effective means to deliver their wares to insurers. The claims management segment, most notably the […]
9 min read
KPMG's 7th annual Insurance Issues Conference, held in November at Toronto's Four Seasons Hotel, focused on the effectsof industry consolidation on medium and small-sized insurance players.
I am often asked what my profession is. Instead of saying, "insurance adjuster" I often respond "an arson investigator". I choose the latter for simplicity and to avoid a volley of complaints from the public over perceived injustices in the settlement of claims.
By Stephen Markson, a director of Forensic Systems Group and Craig Malcolm, managing partner of Forensic Accounting & Investigative Services Regardless of whether the new millennium starts on January 1, 2000 or 2001, its advent will provide abundant opportunities for new and almost undetectable fraud schemes rising from the resulting disruption many predict will come […]
The Canadian aviation insurance market is relatively small in the global picture, notes Mike Wills, manager of marine and aviation at Royal & SunAlliance. The Canadian industry’s total aviation net premiums amounted to Cdn$83.8 million for 1997 compared with the previous year’s total of $89.5 million. However, despite its modest size, the Canadian market has […]
2 min read
Auto
Dear Sir: I am surprised with your “informative” article on “Containing BROKER MANAGEMENT system costs” (CU, November Issue). I’m surprised that a management consultant wrote this article, without performing any kind of review of most of the options available today in the marketplace. Who actually commissioned this individual? A one “product” evaluation is not a […]
Commercial
DCLI Underwriters has issued its first policy under its new program, Defendant’s Commercial Litigation Indemnity (DCLI), president Pierre Gregoire recently told Canadian Underwriter. DCLI insures pending litigation that is either uninsured or underinsured. “In this case, the litigation was totally uninsured,” says Gregoire. “The issuance of the policy ultimately allowed the creditors of a particular […]
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