Segment
Risk Management
Nowell Seaman bestowed with Don Stuart Award
September 18, 2007 by Canadian UnderwriterNowell Seaman of Saskatoon is the 2007 recipient of the Donald M. Stuart Award, originally created by the Ontario Chapter of RIMS in 1979 to recognize outstanding contributions to the Canadian risk management community.Seaman, manager, risk management and insurance services,…
‘Echo’ generation poses potential solution for succession woes
September 18, 2007 by Canadian UnderwriterChances are that organizations are having a tough time recruiting talent in the age cohort range of mid-20s to mid-30s because not nearly as many people were born into this generation, unlike their predecessor Baby Boomers, David Foot, author of…
Fitch questions sustainability of U.S. P&C market’s record earnings
September 14, 2007 by Canadian UnderwriterAlthough profits in the U.S. property and casualty insurance market were high in 2006, and profits in 2007 are anticipated to be above historical norms, Fitch Ratings questions the sustainability of the U.S. P&C insurance markets financial performance.Looking ahead, the…
Humberto hits Texas, incurs damages less than $500 million
September 14, 2007 by Canadian UnderwriterHurricane Humberto, who made landfall on southeast Texas earlier this week, likely caused damages that will not exceed US$500 million [approximately Cdn$515.37 million], reports Risk Management Solutions (RMS).The figure includes wind damage to residential, commercial and industrial properties and business…
Zurich streamlines operations
September 14, 2007 by Canadian UnderwriterZurich is streamlining operations in its Commercial Markets business unit harnessing multiple strengths to provide North American middle market customers and producers better access to comprehensive risk management products and services. We are making a number of important operational and…
Political ramifications of ERM pose difficult hurdles
September 13, 2007 by Canadian UnderwriterRisk managers need to be aware of the political ramifications when implementing an ERM [enterprise risk management] program, Susan Witcraft, managing director of Guy Carpenter & Company LLCs Instrat Team, Mid-America Region, told attendees of Guy Carpenters ERM seminar in…
“Abrupt climate change,” or “flipping,” featured in Benfield, Partner Re report
September 13, 2007 by Canadian UnderwriterReinsurance and risk intermediary Benfield and reinsurer Partner Re have collaborated to produce the Hazard & Risk Science Review 2007, which summarizes research findings and conclusions of hazard and risk science papers published in the last 12 months that are…
What’s New: In Brief (September 12, 2007)
September 12, 2007 by Canadian UnderwriterAon is hosting a Risk tournament (the board game) in support of future leaders in risk management. The tournament will take place at Dalhousie University, Studley Campus Quad, on September 17 at 10 a.m., with roughly 200 students expected to…
Zurich, SFU working together on climate change adaptation
September 11, 2007 by Canadian UnderwriterZurich Canada has announced it will be working with Vancouvers Simon Fraser University (SFU) to examine options for adaptation to extreme weather events caused by climate change.The ACT/Zurich Canada Extreme Weather Events program kicks off in May 2008, and will…
Integro establishes West Coast presence
September 7, 2007 by Canadian UnderwriterIntegro Ltd., has expanded their operations to the West Coast with the opening of a Vancouver office, the firms third location in Canada.The four individuals hired to run the office all joined Integro from Marsh Canada, an Integro release says.They…
What’s New: In Brief (September 07, 2007)
September 7, 2007 by Canadian UnderwriterAllstate Insurance Company of Canada has donated $1,000 to the Association for Persons with Physical Disabilities (APPD) as part of its Trusted Community Partner Program. Allstate Insurance Company of Canada is extremely pleased to be able to make a donation…
What’s New: In Brief (September 06, 2007)
September 6, 2007 by Canadian UnderwriterThe Co-operators has launched an insurance and risk management solution designed to address the challenges affecting the Alberta non-profit and volunteer industry. Community Guard, launched with the support of Volunteer Alberta, is a pilot project available to non-profit and volunteer-run…