Canadian Underwriter

414 articles for Aug 2007

News Climate ChangeInsurance

Active hurricane season anticipated, fewer land falls

May 31, 2006 by Canadian Underwriter

The 2006 hurricane season is expected to see 17 named storms forming in the Atlantic basin but, according to Colorado State University’s (CSU) forecast, fewer major hurricanes will make landfall on coastal regions compared to last year. The U.S. Atlantic

News Insurance

Three Canadians on RIMS’s 2006-07 board

April 25, 2006 by Canadian Underwriter

Three Canadians will serve on the Risk and Insurance Management Society, Inc. (RIMS)’s board of directors in 2006-07.Two Canadians newly voted onto the RIMS board of directors include: Joseph A. Restoule (RIMS Secretary and board director). Roule is a senior


National Broker Survey: Signs of Softening

April 1, 2006 David Gambrill

Insurance brokers across the country are enjoying a refreshing period of quiet, stable markets. At the same time, Canadian brokers, faced with gradually declining rates – particularly in commercial and residential lines – are waiting for the proverbial other shoe

Greg Somerville

Counting the Claims

January 1, 2006 by Canadian Underwriter

Claims Management Outlook 2006

Gregg Hanson

Primary Insurer CEO Outlook: Steady As She Goes

December 1, 2005 by Canadian Underwriter

CEOs of Canadian primary insurers are calling in 2006 for a steady course on pricing and “responsible” underwriting in response to their two biggest issues of the year – replenishing capital in the aftermath of US hurricanes and Canadian auto

Peter Parkin
Feature Mergers and Aqcuisitions

Primary Insurer Strategies 2004: Towing The Bottom-Line

December 1, 2003 Sean van Zyl, Editor

“Cautious optimism” – would seem to generally sum up the points of view of primary insurer CEOs in looking ahead to 2004. While this year saw the first signs of a profit recovery within the Canadian property and casualty insurance industry – with the premium pool rising by almost a third to reach a staggering $30 billion – the past 12 months also dealt insurers several blows in the form of higher catastrophe losses, rising prior-year adverse reserve developments, a spilling of red ink from the Facility Association, and provincial political intervention on loss-making mandatory covers. The latter, which applies to mostly personal lines auto, remains the greatest concern of insurers as governments have been slow to react with necessary product loss reduction reforms whilst introducing politically-motivated rate freezes. With much riding on the future viability of the auto product, insurer CEOs partaking in CU’s annual “strategic outlook” are hesitant to declare the industry “out of the woods” in terms of achieving a healthy and stable marketplace.