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Buying of stand-alone “side A” D&O cover on the rise: Willis

September 23, 2004 by Canadian Underwriter

Executives are increasingly looking to protect their personal assets through the purchase of stand-alone “side A” directors’ and officers’ (D&O) cover, according to a new study by international broker Willis.The coverage, designed to protect directors and officers when the company

News InsuranceMergers and Aqcuisitions

What’s new: In brief (September 22, 2004)

September 22, 2004 by Canadian Underwriter

Western Financial Group has named Jim Dinning as chair of the board, to replace James A. Robb. Dinning had been vice chair of the board, and company CEO Scott Tannas says the change is in anticipation opportunities the company is

News Climate ChangeInsurance

Benfield “hazard review” addresses “Day After Tomorrow” scenario

September 19, 2004 by Canadian Underwriter

While the film “The Day After Tomorrow” was certainly fictitious, some of the science behind it is not. The concept of global warming slowing down the Gulf Stream and its North Atlantic Drift, is currently the subject of much research,

News Insurance

Bermuda, London and U.S. markets showing interest in Canada: Seminar

September 16, 2004 by Canadian Underwriter

Commercial insurance buyers stand to benefit from increased interest from various countries in the Canadian market, speakers noted at the Ontario Risk & Insurance Management Society (ORIMS) “State of the Market” panel discussion Thursday.Even in the difficult executive risk line,

News Climate ChangeInsurance

Hurricanes put property catastrophe reinsurance in the spotlight

September 15, 2004 by Canadian Underwriter

Two new reports look at emerging trends in property catastrophe reinsurance, just as the U.S. awaits the arrival of Ivan, the third major hurricane of the year.Rating agency Standard & Poor’s notes that the onslaught of new property catastrophe reinsurance

News Insurance

London market expected to retain capacity despite market turn

September 14, 2004 by Canadian Underwriter

Despite a downturn in the insurance pricing environment, the London market is expected to maintain its record-setting profits and capacity through 2004 and 2005, according to the annual London Insurance Market survey by PricewaterhouseCoopers.However, insurers will be tested to maintain

News Climate ChangeInsuranceMergers and Aqcuisitions

What’s new: In brief (September 12, 2004)

September 12, 2004 by Canadian Underwriter

Fitch Ratings says even with the back-to-back landfall of hurricanes Charley and Frances, most insurers will be protected because of their spread of risk geographically and by line of business, as well as the presence of public-sponsored entities which will

News Insurance

Rate relief creeping into PL lines despite claims growth

September 9, 2004 by Canadian Underwriter

Rate softening is beginning to creep into the professional liability market, despite continued pressure on claims, said speakers at Thursday’s “Errors & Omissions” seminar hosted by the Toronto Insurance Conference (TIC).The seminar looked at broker E&O, but expanded quickly into

News Insurance

Anthony Clark continues U.S. expansion

September 9, 2004 by Canadian Underwriter

Calgary-based Anthony Clark International Insurance Brokers has added its third U.S. brokerage, and its first on the east coast. Anthony Clark’s U.S.-based Addison York Insurance Brokers Ltd. has purchased the fixed assets and customer accounts of Al Vinciguerra Ltd. in

News Insurance

Lloyd’s granted injunction against Stuart

September 6, 2004 by Canadian Underwriter

Lloyd’s has been granted an injunction in Ontario Superior Court against Ian Stuart, who, the London market contends, has been holding himself out as a Lloyd’s representative without authorization.The court order prohibits Stuart from purporting to place business with Lloyd’s

News Climate ChangeInsurance

Bermuda market maintains profitability in second quarter

September 2, 2004 by Canadian Underwriter

The Bermuda market shows no signs of waning profitability, even as rates in several key lines begin to soften, according to results compiled by Benfield Group. In its quarterly analysis of the top 16 listed Bermuda companies, Benfield finds net

News Insurance

What’s new: In brief (August 30, 2004)

August 30, 2004 by Canadian Underwriter

The Toronto Insurance Conference has set the line-up for its annual seminar, slated for Thursday, September 9 at the Toronto Marriott Eaton Centre. The program, which runs through the morning, focuses on “Errors & Omissions” for brokers and commercial clients.