Topic
Insurance
CIP Society announces 2012 National Leadership Award winners
September 12, 2012 by Canadian UnderwriterThe CIP Society has announced five recipients of its National Leadership Awards for 2012. This year’s award recipients are: Established Leaders: Diane Brickner, CIP, ICD.D Edmonton, Alberta Barry F. Lorenzetti, CIP Montreal, Quebec Emerging Leaders: Drew Collins, BA, CIP, CRM,…
Damages from most recent Alberta storms total more than $200 million: IBC
September 12, 2012 by Canadian UnderwriterDamages from the two most recent serious storms in Alberta have amounted to more than approximately $200 million, new data from Insurance Bureau of Canada suggests. The larger of the two storms was on Aug. 12, when a severe thunderstorm…
Michel Turcotte recognized with the Donald M. Stuart Award at RIMS Canada conference
September 11, 2012 by Canadian UnderwriterMichel Turcotte, senior director of risk management and insurance at Ivanhoe Cambridge, Inc. in Montreal., has been named the recipient of the 2012 Donald M. Stuart Award. Widely recognized as Canada’s highest honour within the risk management field, Turcotte was…
PACICC to offer enterprise risk management seminars this fall
September 11, 2012 by Canadian UnderwriterProperty and Casualty Insurance Compensation Corporation (PACICC) is offering a three-part enterprise risk management (ERM) seminar to its member companies this fall. The seminars will be held at the Toronto head office of KPMG. Members can attend in person or…
Thinking pessimistically can help identify plausible, but credible risks
September 11, 2012 by Canadian UnderwriterGetting a handle on emerging risks that can hit an organization hard is aided by adopting a mindset of pessimism, Susan Meltzer, vice president of enterprise risk management (ERM) for Aviva North America, suggested to workshop attendees at Horizons: 2012…
OSFI releases final guideline for appointed actuaries
September 11, 2012 by Canadian UnderwriterCanada’s federal financial services regulator released its final set of guidelines related to legal requirements, qualifications and peer review for appointed actuaries. Guideline E-15, first issued in 2003, governs, among other things, the process of external peer review, which the…
Global reinsurers on solid capital footing: Aon Benfield
September 11, 2012 by Canadian UnderwriterA new report observes that property catastrophe reinsurers deserve their high credit quality rating because of their track record in claims payments, market disclosure and management processes. Aon Benfield’s Credit Risk of Property Catastrophe Reinsurers examines the credit quality of…
B.C. wildfire 75% contained as most evacuated residents return home
September 11, 2012 by Canadian UnderwriterThe Trepanier forest fire that destroyed four homes in the central Okanagan region of British Columbia has been 75% contained, the area’s Emergency Operations Centre said Sept. 11. “Cooler temperatures and low wind overnight have provided ideal conditions for fire…
Tropical storm Leslie hits Newfoundland and rainfall causes flooding in central Nova Scotia
September 11, 2012 by Canadian UnderwriterTropical storm Leslie made landfall in Newfoundland’s Burin Peninsula the morning of Sept. 11, with hurricane-force gusts and heavy rainfall causing some property damage and flooding in parts of the Atlantic provinces. Tropical storm watches are in effect for areas…
Efforts to demonstrate the benefits of risk encouraged
September 10, 2012 by Canadian UnderwriterThere is a positive side of risk, one that holds the promise of creating value for organizations and contributing to risk management becoming more entrenched in organizational culture and decision-making. That was among the views that Deborah Luthi, president of…
Catlin Canada donation to McGannon Foundation supports risk management education
September 10, 2012 by Canadian UnderwriterCatlin Canada is looking to make it a little easier for students entering the insurance/risk management field of study with its donation of $20,000 to the William H. McGannon Foundation. The official cheque was to be presented during an event…
Economic uncertainty and disasters in non-peak zones among top risks for reinsurers: Guy Carpenter
September 10, 2012 by Canadian UnderwriterThe debt crisis in Europe, interest rate sensitivity and the shifting nature of catastrophe losses are among the top risks to the reinsurance industry’s profitability, according to risk and reinsurance specialist Guy Carpenter and Company LLC. In its mid-year market…