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Company Interview Excerpt
PETER CRAWFORD - CO-OPERATORS GENERAL INSURANCE COMPANY (CCS.PR.A.TO)


Full article published: 09/03/2001


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TWST: Would you start with a brief overview and history of Co-operators General Insurance Company?
Mr. Crawford: Co-operators General Insurance Company is the third- largest general insurance company in Canada. It's owned by Co-operators Group Limited, which is a cooperative and basically is a holding company for both Co-operators General and a small life insurance company that we have as well. We've been in business in Canada for over 50 years and have a pretty high national profile and brand in the general insurance business.

TWST: Can you describe your perception of the market as it is now and the position that you hold?
Mr. Crawford: We're the third-largest general insurer in Canada. Our market is all domestic. We write business in every province and territory in Canada, having recently acquired a company in the province of Quebec. So we're starting to make some penetration there. The largest players in our industry are internationally-owned companies. We're the largest Canadian player, as well as being the third-largest overall. And the major competition for us is coming from organizations like ING, Allstate, Royal & Sun Alliance and State Farm.

 

Tickers included in this excerpt: CCS.PR.A.TO

 

For more information call (212) 952 7433. The Wall Street Transcript does not endorse any of the comments made by interviewees, and does not make stock recommendations.