Operations
In the December 2005 issue of Canadian Underwriter, Igal Mayer, CEO of Aviva Canada, talked about the important influence the federal election will have on the future of independent brokers. He was right. But judging by the parties’ early campaign platforms, you’d never know it. During the early days of the 2005-06 campaign, some brokers […]
By David Gambrill | December 31, 2005
4 min read
WICC celebrates its 10th anniversary in 2006 with a wish to eradicate cancer in Canada
By David Gambrill | November 30, 2005
6 min read
Provider of automation solutions for the p&c insurance industry Applied Systems Canada, and Canada-specific software solutions developer PowerSoft have integrated PowerSoft’s PowerQuote rate comparison and sales tool with Applied Systems’ agency management systems, The Agency Manager (TAM) and TAMOnline. Making use of Applied Systems technology, PowerSoft will develop a two-way integration that will allow the […]
October 31, 2005
2 min read
At its annual general meeting in Quebec City last month, IBAC called on brokers to resist a lobby around the Bank Act review by the Canadian Bankers Association. Bankers are leaning on Canadian MPs to allow bank branches to offer insurance products. If they succeed, IBAC warns, "our industry will be changed forever and livelihoods will be jeopardized."
By David Gambrill | September 30, 2005
New York’s Marsh & McLennan Companies, Inc. (MMC) has received a response from 70,000 policyholders eligible to participate in the compensation fund MMC established as part of its settlement with the New York Attorney General and Superintendent of Insurance in January 2005. The settlement concluded a civil suit launched in 2004 by New York state […]
By Canadian Underwriter | September 28, 2005
When we last met in the April 2005 issue of Canadian Underwriter, Stan was reeling from the ride on the rollercoaster that is both his life and his life's work. Faced with mysteriously rising claims costs, creeping men in gray flannel and a fire-breathing executive, he thought his number had come up. At the last moment, however, came a new tool that allowed him to remove the mystery behind his operational woes and quiet the raging executive. Read on as Stan attempts to implement a Performance Measurement Process at the Rollercoaster Indemnity Company.
August 31, 2005
As a result of recent broker compensation investigations, Marsh & McLennan Cos. implemented a strategic review of its insurance broker subsidiary Putnam and Marsh Inc. Putnam, which was charged in the Spitzer trials with improper fund trading. Results from the “strategic review” have led Marsh & McLennan not to sell or spin off Putnam investments […]
By Canadian Underwriter | June 13, 2005
1 min read
When I pulled up to my boss Fred Wilson’s house, the street was already filled with cars. This was the day of Fred’s annual “pool-and-barbecue-bash”, when he invited some of his insurance industry friends, associates and customers for an afternoon of great food, lavish refreshments and good-natured fun. Fred was the manager of our company’s […]
By Axiom | May 31, 2005
10 min read
In response to recent scandals surrounding the procurement of improper payments to steer accounts to insurers, the former president and chief operating officer of Hilb Rogal & Hobbs Robert Lockhart has resigned. Hilb Rogal, the seventh-largest U.S. insurance broker, dropped 12% to $33.69 as almost 2 million shares changed hands.Hilb Rogal unearthed these potential improper […]
By Canadian Underwriter | May 29, 2005
Broker network consolidator Hub International Ltd. (TSX: HBG) has purchased Seattle-based Tash Lyle & Jones for an undisclosed sum. Tash Lyle specializes in employee benefits insurance.Hub says Tash Lyle will be integrated into the broker network’s Bush, Cotton & Scott regional subsidiary. Tash Lyle produced about US$1.3 million in commission revenue during 2004, a Hub […]
By Canadian Underwriter | May 16, 2005
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