Keyword
marine
‘No progress’ since 2010 of mandating safety management systems to “broader range” of aviation, marine companies: TSB
November 1, 2016 by Canadian UnderwriterSome firms in Canada’s marine and aviation sectors are allowed to operate with no formal safety management processes, the Transportation Safety Board of Canada warned Monday. “Safety management systems have not yet been mandated in all sectors of the transportation…
Aspen Insurance reports a combined ratio of 93.8% for the third quarter of 2016
October 27, 2016 by Canadian UnderwriterHamilton, Bermuda-based Aspen Insurance Holdings Limited has reported a combined ratio of 93.8% for the third quarter of 2016, up slightly from 93.4% in the third quarter of 2015. Aspen Insurance released its financial results on Wednesday, reporting a net…
Transportation Safety Board investigating 12 marine incidents in Canada, attributes some deaths to lack of risk assessments
August 11, 2016 by Canadian UnderwriterThree weeks after it expressed concerns about the “safety culture” in Canada’s fishing community, the Transportation Safety Board of Canada noted Thursday it is investigating 12 marine incidents. TSB reported on Twitter it was investigating the occurrences “from coast to…
Marine, surety insurance policies among those exempt from Newfoundland and Labrador’s 15% retail sales tax on P&C premiums
May 2, 2016 by Canadian UnderwriterInsurance policies for marine, surety, guarantee or fidelity-type bonds, accident and sickness, and life will be exempt from Newfoundland and Labrador’s 15% retail sales tax (RST) on property and casualty insurance premiums, the Insurance Bureau of Canada (IBC) said on…
Eight (re)insurers join forces for marine cat model
April 1, 2016 by Canadian UnderwriterSompo Canopius AG, a global specialty lines platform of Sompo Japan Nipponkoa Holdings Inc., announced on Thursday that it has partnered with catastrophe modelling marketing firm Risk Management Solutions (RMS) and six other (re)insurers for the specification and build of…