Patrick Lundy is the newly appointed chief agent and CEO for Zurich Canada.
Lundy replaces Alister Campbell, who departed the company in February.
Since starting his career in the insurance industry 15 years ago, Lundy has held various executive management and underwriting positions. He started his career in Toronto and worked for Zurich until 2000, rejoining the company in 2009, a Zurich release says.
His most recent role was head of Zurich’s healthcare practice. P
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With the federal estate tax exclusion at $5 million through 2012, a vast number of estates will not incur any federal tax. Even if the exclusion drops back to the $1 million dollar limit in 2013, the majority of estates will have little or no federal estate tax liability.
On the surface, it would seem there’s little need to do estate planning for many clients, particularly if it’s clear that their estate will not require a federal estate tax payment.
This is only part of the overall story, however. To ignore estate planning can be a huge mistake. There is a long list of estate settlement costs that will have to be paid regardless of the size of the estate. And
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Raising business finance is difficult at the best of times but in today’s age of austerity banks, business angels and governments are tightening their belts, cutting off the supply of cash which is leaving start-ups and growing businesses who need seed finance thirsty for money. As a result venture capital is being democratised.
The usual suspects and gatekeepers of wealth are being by-passed, giving ’Joe Public’ the opportunity to invest and support great British businesses and entrepreneurs with a new found finance philosophy that turns conventional wisdom on its head.
The web-based notion of ‘crowdfunding’ is a phenomenon that has grown considerably in 2011 as a method of raising cash for entrepreneurs. This mome
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To reach his office in Galveston National Laboratory, where scientists study deadly pathogens such as the Ebola and Marburg viruses, director James Le Duc swipes his key card at the buildings single entrance, which is guarded 24/7 by Texas state police.
As he walks the hallways, more than 100 closed-circuit cameras watch him. Seven more locked doors stand between him and his destination. Entering a research lab requires another card swipe and, for labs housing especially dangerous microbes, a fingerprint scan.
To keep deadly viruses from escaping, each lab uses negative air flow and dedicated exhaust systems. Workers wear full-body air-supplied suits.
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Prudential Financial has reported a net income of $686m for the fourth quarter of 2011 compared to $177m for the same period in 2010.
Net income of Financial Services Businesses surged to $606m, or $1.26 per share, for the fourth quarter of 2011, compared to $213m, or $0.45 per share for the same period a year ago.
Adjusted operating income for the Financial Services Businesses rose to $1.97 per common share, compared to $1.76 per common share in the year-ago quarter.
Revenues rose to $11.7bn, compared to $8.05bn for the same period in 2010.
The company’s international insurance segment has reported an adjusted operating income of $692m, compared to $588m for the same period a year ago.
Prudential chairman and CEO John Strangfeld said that during the year, addition of the Star and Edison businesses in Japan and divestiture of several non-core operations have made us a stronger, more focused company.
“The merger of Star and Edison into Gibraltar Life was successfully completed on January 1, 2012, and the integration of these companies continues on track,” added Strangfeld.
