Topic
Insurance
Business insurance quotes now available online
February 28, 2006 by Canadian UnderwriterAn online insurance marketplace, kanetix, is expanding its online quote service to include Ontario business insurance, the company has announced.“Before we added business insurance to the quote service, insurance shoppers coming to kanetix could get quotes for their personal auto,…
AXA SA reports P&C earnings growth in 2005
February 28, 2006 by Canadian UnderwriterAXA SA is reporting a growth in underlying earnings of up to 22% in its global property and casualty division, as well as a 24% increase in its overall underlying earnings, for the 2005 fiscal year.“Property and casualty revenues were…
US storms cause “unprecedented” market activity, Guy Carpenter
February 28, 2006 by Canadian UnderwriterGuy Carpenter & Company, Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), and affiliate of Guy Carpenter MMC Securities Corp., recently published their fourth annual joint study of natural catastrophe…
What’s New: In Brief (February 28, 2006)
February 28, 2006 by Canadian UnderwriterAnthony Clark International Insurance Brokers Ltd. (TSX:ACL) has appointed Robert M. Sadleir to the Corporation’s board of directors. Sadleir is a chartered accountant and vice-president finance for Cal-Gas Inc. Sadleir offers knowledge and experience in the areas of finance, corporate…
Swiss Re shareholders approve capital to buy GE Insurance
February 27, 2006 by Canadian UnderwriterShareholders of Swiss Reinsurance Co. (RUKN.VVX) recently approved the creation of up to $7.8 billion in fresh equity capital that will be used to finance the acquisition of GE Insurance Solutions, the reinsurance unit of General Electric Co (GE). Chairman…
Sceintists called on to counter bioterrorism risk
February 27, 2006 by Canadian UnderwriterIn a report released Feb. 27, “DNA for Peace: Reconciling Biodevelopment and Biosecurity,” experts at the Canadian Program on Genomics and Global Health (CPGGH), part of the University of Toronto’s Joint Centre for Bioethics (JCB), calls for a global network…
Guy Carpenter launches i-aXs platform
February 27, 2006 by Canadian UnderwriterGuy Carpenter & Company, Inc., a global risk and reinsurance specialist, has announced the development of a new online risk management platform, i-aXs, that is designed to reduce risk management analysis and reporting times from weeks to mere minutes.The new…
What’s New: In brief (February 27, 2006)
February 27, 2006 by Canadian UnderwriterThe Co-operators, have provided financial support to the Infant and Toddler Safety Association’s (ITSA) volunteer telephone hotline so that the Kitchener, ON-based, volunteer-run charity can, starting this month, offer expert child safety advice through their toll-free service. The Co-operators financial…
Replenishing reserves still a question mark
February 24, 2006 by Canadian UnderwriterEven though underwriting results for property and casualty companies globally have improved markedly over the past few years, the ongoing challenge of attaining ultimately adequate reserves remains, according to a recent report by Standard & Poor’s.“Insurers and reinsurers appear no…
After TRIA, what next for terrorism coverage?
February 24, 2006 by Canadian UnderwriterIn anticipation of the conclusion of TRIA’s extension in 2007, Aon Risk Services has been encouraging clients to maintain their relationships with insurers in the stand-alone terrorism insurance market, or with those that build added protection into their all-risks policies…
What’s New: In brief (February 24, 2006)
February 24, 2006 by Canadian UnderwriterCanada’s home, car and business insurers, along with Operation Red Nose and the Ontario Safety League, presented a cheque for $4,213.50 to the Women in Insurance Cancer Crusade (WICC).The money was raised by Operation Red Nose in Halifax, Nova Scotia…
2005 catastrophes break meteorological records
February 24, 2006 by Canadian UnderwriterAbout 400 natural catastrophes and man-made disasters in 2005 accounted for 97,000 deaths and damages totalling more than US$230 billion, according to a Swiss Re report. Insurance covered about one third, or US$83 billion, of the damages. In the previous…