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Carolyn Rennie
Government of Alberta advances Disaster Recovery Program funding to help with Fort McMurray uninsurable costs
February 24, 2017 by Canadian UnderwriterThe government of Alberta announced on Thursday that it is advancing $20 million in Disaster Recovery Program funding to help with uninsurable costs related to the Fort McMurray wildfire. The funding is intended to help with uninsurable costs, such as…
2016 sees highest-ever catastrophe insured losses, hail has impact: Rennie
February 1, 2017 by Angela Stelmakowich2016 was a year of records: the largest catastrophe-related insured losses in Canada’s history, the biggest loss for a single Cat and the most hail events in the month of July, Carolyn Rennie, managing director of Catastrophe Indices and Quantification…
‘Prudent’ municipal development needed to reduce catastrophe losses: IBC
July 14, 2016 by Canadian UnderwriterWith the recent wildfire in Fort McMurray, Alta. being the most expensive natural disaster in Canadian history and in the same province as Canada’s second most expensive catastrophe, officials from Insurance Bureau of Canada recently suggested that building codes and…
Half of Aspen’s Q2 natural catastrophe loss from Alberta wildfire
July 14, 2016 by Canadian UnderwriterThe recent wildfires in Alberta cost Aspen Insurance Holdings Ltd. roughly US$30 million, net of reinsurance and reinstatement premiums, the Hamilton, Bermuda-based carrier suggested in a press release Wednesday. Aspen’s initial estimate, of pre-tax losses, net of reinsurance and reinstatement…
2016 Canadian wildfire season has already “greatly surpassed” average hectares burned, even excluding Fort McMurray event, CIFF conference hears
May 26, 2016 Jason Contant, Online EditorThe 2016 wildfire season in Canada has already greatly surpassed the average hectares burned in recent years, even excluding the massive Fort McMurray wildfire, attendees to the 2016 Canadian Insurance Financial Forum (CIFF) heard on Wednesday. Carolyn Rennie, managing director…