Keyword
Underwriting
Ontario agriculture insurance expansion law comes into force
September 8, 2015 by Canadian UnderwriterA law that could potentially expand production insurance in Ontario offered by Agricorp is now in force, the province announced Saturday. Bill 40, the Agriculture Insurance Act (Amending the Crop Insurance Act, 1996) came into force Sept. 1, the government…
Advent Insurance Management launches operations in Canada
September 8, 2015 by Canadian UnderwriterUnited Kingdom-based Advent Insurance Management, which provides support services for delegated authority underwriting businesses, has established operations in Canada with its announcement Monday that it has entered into a joint venture agreement with Canadian Claims Services Inc. (CCS). As part…
Abundant capacity from traditional and alternative sources creating “new reality” for reinsurance market: A.M. Best
September 2, 2015 by Canadian UnderwriterThe reinsurance market is operating in a “new reality” of abundant capacity from traditional and alternative sources, low interest rates and thinner reinsurance margins driven by intense competition against shrinking demand for reinsurance cover, ratings firm A.M. Best Company said…
Moves and Views
September 1, 2015 by Canadian Underwriter1 Travelers Canada chief executive officer Brigid Murphy [1a] is retiring from CEO duties, chief operating officer (COO) Duane Sanders [1b] is replacing Murphy and Heather Masterson [1c], most recently with Totten Insurance Group Inc., is taking on the COO…
Making ORSA work
September 1, 2015 Elaine Hultzer, Partner; and Sati MacLean, Senior Property and Casualty Actuarial Manager, Assurance & Advisory Practice, DeloitteAn objective review offers critical value to an organization’s own risk self-assessment process. Not only does an objective review help ensure all necessary considerations are being taken into account, it assesses if the selected ORSA approach accurately reflects the size, complexity and strategy of the organization.
Hover Craft
September 1, 2015 Urs Uhlmann, Chief Executive Officer, Global Corporate, Zurich CanadaCommercial applications for the disruptive technology of drones have taken off in the last few years. Insurance companies are also keen to seize the opportunities that drones provide in claims support and risk assessment, but must navigate a fast-changing regulatory environment along the way.
Moves and Views
August 1, 2015 by Canadian Underwriter1 Paul Taylor [1a] assumed duties as president and chief executive officer of Western Financial Group July 6. Taylor will oversee Western Financial’s network of insurance brokerages, as well as lead all company business units, including Western Financial Group Insurance…
Pollution Liability
August 1, 2015 Greg Meckbach, Associate EditorEnvironmental 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.
Lead from the Front
August 1, 2015 Jason Keyfitz, Vice President, Captive Solutions, Marsh CanadaFronting 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.
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.
Beyond Fun and Games
July 3, 2015 Andrew Duxbury, Underwriting Manager, Munich ReToronto is playing host to the Pan Am Games and the Parapan Am Games this summer. But what if something happened – a flood, a civil protest, a transportation shutdown? What could it mean for reinsurers and insurers if the Games are interrupted?
Moves and Views
July 3, 2015 by Canadian Underwriter1 With the amalgamation of the global Crawford Specialty markets group and the Global Technical Services (GTS) unit, Paul Hancock [1] will head the merged division in Canada, reports Crawford & Company (Canada) Inc. The GTS unit “has expanded its…