Canadian Underwriter

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Swiss Re Ltd.

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Senate bill proposes to allow limited promotion of vaping as ‘tobacco cessation method’

May 26, 2017 by Canadian Underwriter

A bill currently before the Senate will, if passed into law, restrict the promotion of electronic cigarettes. Bill S-5 was the subject of hearings last month before the Standing Senate Committee on Social Affairs, Science and Technology. The bill –

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and AqcuisitionsReinsurance

Canada lacks ‘commercially widely available wildfire models,’ Aviva Canada reinsurance VP warns

May 2, 2017 Greg Meckbach, Associate Editor

Insurers have no “meaningful way of modelling wildfire” losses, a senior executive for Swiss Re Ltd. recently suggested to industry professionals. “If you look at it globally speaking, usually about half of the total insured losses globally are unmodelled perils,”

News CatastrophesClimate ChangeInsuranceMarkets / CoveragesMergers and Aqcuisitions

Climate adaptation investment has ‘long-lasting and substantial impact:’ Intact VP

April 5, 2017 Greg Meckbach, Associate Editor

Building infrastructure to reduce weather-related losses can benefit society for generations, but the problem of climate change is “so global and complex” that there will always be more work required, insurance company executives suggested Wednesday at a conference in Toronto.