Canadian Underwriter

Keyword
Commercial Risk Management


Greg Meckbach, Associate Editor
Feature

Canning Breaches

August 1, 2015 Greg Meckbach, Associate Editor

Liability risk arising from information security violations is on the radar screen of many commercial insurance providers. Despite the widespread use of the term “cyber,” some of the critical risk mitigation tactics have little – if anything – to do

Rick Roberts, president, Risk and Insurance Management Society (RIMS) Inc. and director, risk management and employee benefits, Ensign-Bickford Industries, Inc.
Feature

Place at the Table

August 1, 2015 Angela Stelmakowich, Editor

Rick Roberts, president of RIMS, the risk management society, is happy to see risk professionals increasingly getting a seat at the business strategy table.

Douglas D. Everett, President, CHES Special Risks, operating as Terror Risk Underwriting Specialty Team (T.R.U.S.T.)
Feature

Clear and Present Danger

August 1, 2015 Douglas D. Everett, President, CHES Special Risks, operating as Terror Risk Underwriting Specialty Team (T.R.U.S.T.)

Insurance coverage, for terrorist acts in Canada, is available through specialty markets. However, many Canadian organizations are not buying the insurance and are left with coverage gaps, including third-party liability exposure.

Feature Legal

Pollution Liability

August 1, 2015 Greg Meckbach, Associate Editor

Environmental clean-up can cost millions of dollars, regulators sometimes force innocent organizations and individuals to pay for remediation and general liability policies do not always cover pollution risks. To be prepared, risk managers should assume their organizations have at least some environmental exposure.

Lance J. Ewing, Leader, Hospitality and Leisure, Real Estate, American International Group
Feature

Hostile Environment

August 1, 2015 Lance J. Ewing, Leader, Hospitality and Leisure, Real Estate, American International Group

Any organization could be the target of an active shooter trying to harm people in a confined area. Canadian firms have a legal duty of care to ensure persons are safe from dangerous activities taking place on their premises, so managers need to take very specific measures to identify, analyze and mitigate the risk.

Bruce Sprague, Mining & Metals Leader, EY Canada
Feature

Data Mining

August 1, 2015 Bruce Sprague, Mining & Metals Leader; and Abhay Raman, Cyber Risk Leader, EY Canada

As mining and metals firms connect more operational systems to computer networks, their vulnerability to hacking tends to increase. Yet most metals and mining firms surveyed have no formal program to detect information security breaches.

Jason Keyfitz, Vice President, Captive Solutions, Marsh Canada
Feature

Lead from the Front

August 1, 2015 Jason Keyfitz, Vice President, Captive Solutions, Marsh Canada

Fronting is one option for risk managers wanting to reduce insurance expenditures by retaining more risk, while still complying with contractual and regulatory requirements. Such an arrangement has specific requirements and a clear understanding of who will manage claims.

Feature

Future Ready

August 1, 2015 Angela Stelmakowich, Editor

Information, insight and innovation are critically important to getting a firm grasp of risk and being prepared to address events that may unfold. As part of that, though, risk professionals must remain open and flexible to keep pace with a risk environment that is ever-changing.

Geoff Lubert, Managing Director, Willis Re Canada
Feature

Closing the Divide

July 3, 2015 Geoff Lubert, Managing Director, Willis Re Canada; and Andrew Newman Global Head of Casualty, Willis Re

With advances in casualty catastrophe modelling and greater use of enterprise risk management, liability insurers are poised for a transformation in risk management, reinsurance focus and strategy. The shifting focus to real exposures of liability business is closing the divide that, until recently, has existed between the framework that supports property versus casualty exposures.

Feature

Positive Signs

July 3, 2015 Andrew Cartmell, President and Chief Executive Officer, SGI CANADA

Having identified British Columbia as a province with strong growth and profit potential, SGI CANADA is set to enter the marketplace this summer. While the focus in the short term will be to provide brokers in the interior with an additional market and capacity, the company will eventually offer products in higher earthquake regions.

Roch Lacroix, Director, Canadian Operations, Verisk Insurance Solutions
Feature

Sussing out Risk

July 3, 2015 Roch Lacroix, Director, Canadian Operations, Verisk Insurance Solutions

Data and analytics may offer the clues to help solve the mysteries of weather-related risk. In response to the explosion of third-party providers of data and analytics, many commercial insurers are reassessing their traditional methods for capturing information about potential risks.

Carl Spensieri, Vice President, Environment, Berkley Canada
Feature

Building Success, Building Protection

July 3, 2015 Carl Spensieri, Vice President, Environment, Berkley Canada

Public-private partnership (P3) agreements are emerging as the design, build, fund and operate model of choice in Canada. But while the model offers an opportunity to share risks and realize rewards, it demands careful consideration of potential exposures, including environmental risk, which are best addressed by tailored cover.