News

Lloyd’s Sets Out New Strategy

Lloyd’s is putting special emphasis on emerging markets and technology in its new three-year plan.
The insurance market’s strategy for 2009-20011—released last week—outlines its …

Q3 Income Plummets for Canadian Insurers

Canadian property and casualty insurers saw net earnings for the first nine months of this year plummet by 33%, according to industry financial …

Focus on Capital, Swiss Re Urges Insurers

Insurers worldwide—both P&C and life—should focus on preserving their capital, say analysts at Swiss Re, who warn that the ongoing recession could stretch …

U.S. Insurers See Surplus Slump: Towers Perrin

If stock markets don’t make a strong recovery, U.S. property and casualty insurers could see their surplus decline by 15%–almost US$80 billion—by the …

Fairfax Makes $686 Million Bid for Northbridge Shares

Correction: Yesterday, Canadian Insurance reported on its website that
Fairfax Financial Holdings is planning a $686-million bid to …

AIG’s Cost-Cuts Hit Executive Paycheques

AIG’s commitment to retrenching has reached executive paycheques—the insurer’s new CEO will only see a single dollar as compensation for 2008 and 2009.
Edward …

IBC Approves Health Claims System Relaunch

The system that allows Ontario insurers and health providers to trade auto health claim information will be back on a test basis next year.
The …

W&I covers rise over M&A concerns

Financial market uncertainty has boosted global demand for warranty and indemnity (W&I) insurance by 60%, as wary M&A partners seek protection, reports Aon …

Will Better Tools & Training Help Incidental Sellers? IBAC Says No

Those selling insurance as a sideline—so-called “incidental sellers”—should improve their tools and practices, according to a joint industry working group.
A newly-released report …

It’s never too early for succession planning

Independent insurance brokers need to start planning for their succession earlier, according to a Canadian small business advocate.
“Our message is plan, …

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Transcontinental Media G.P.