Canadian Underwriter

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Risk Management


News Insurance

Bond insurance market maintains stability: Fitch

July 13, 2004 by Canadian Underwriter

In a new report on bond insurers, Fitch Ratings says the market is stable, owing to its predictable earnings stream and ultra-conservative risk profile, as well as its high levels of excess capital. Nonetheless, pressures exist to grow business and

News Insurance

New study looks at “best practices” for insurer risk management

July 12, 2004 by Canadian Underwriter

Insurers are increasingly focused on their own risk management practices in response to market turmoil as well as incoming regulatory changes. In a new study, Ernst & Young looks at best practices for insurers to evaluate, control and account for

News Insurance

Continued improvement in Canadian commercial property line

July 11, 2004 by Canadian Underwriter

In 2003, Canadian commercial property writers saw across-the-board improvement with rising rates and declining loss ratios, according to a new report by A.M. Best.Best’s data shows the net loss ratio in commercial property dropped to 49.5% in 2003, a 12.3

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Ontario residents unprepared for another blackout: report

July 7, 2004 by Canadian Underwriter

A new report published by the Institute for Catastrophic Loss Reduction shows Ontario residents remain unprepared for an emergency on the scale of last summer’s blackout, or worse.The report, written by Dr. Brenda Murphy of Wilfrid Laurier University, and funded

News Insurance

Bermuda market growth slows

July 7, 2004 by Canadian Underwriter

Not unexpectedly, growth of the Bermuda market slowed in the first half of 2004, with insurance company incorporations dropping compared to the first six months of 2003, according to data from the Bermuda Monetary Authority (BMA) Insurance Division published by

News Insurance

What’s new: In brief (July 07, 2004)

July 7, 2004 by Canadian Underwriter

U.S. life and health insurers posted a 310% jump in net income for 2003, earning US$30 billion versus US$7.3 billion in 2002, according to data from Weiss Ratings Inc. Rebounding equity markets were the major force, with capital losses dropping

News Insurance

What’s new: In brief (July 06, 2004)

July 6, 2004 by Canadian Underwriter

Swiss Re has been granted a branch license from the Ministry of Finance in Taiwan, making it the first international reinsurer to set up a branch on the island. The branch will be located in Taipei, and provide both p&c

News Insurance

Pricing for kidnap and ransom on the rise: Willis

July 1, 2004 by Canadian Underwriter

In its latest market commentary, broker Willis notes the rising interest in kidnap and ransom (K&R) coverage in light of the high-profile abductions taking place in the Middle East. The televised kidnappings in the conflict zones of Iraq, Afghanistan and

News Insurance

Bermuda’s “class of 2001” sees sunny days

July 1, 2004 by Canadian Underwriter

Bermuda start-ups in the post-9/11 environment have benefited from strong pricing and a lack of legacy claims issues, according to a new report from Fitch Ratings.In 2003, the “class of 2001”, which includes Axis, Allied World, Endurance, Montpelier and Olympus

News Insurance

Investment firms and top execs at odds on risks: FM Global

July 1, 2004 by Canadian Underwriter

The world’s top executives and investment firms have very different views on the key risks to corporate revenue sources, according to a new study by FM Global and Harris Interactive.The annual “Protecting Value” study looks at risk to key revenue

News Insurance

India top spot for offshoring: Deloitte

June 28, 2004 by Canadian Underwriter

A study of financial services offshoring practices finds India remains the top stop, with over 80% of offshoring moving there. The study by Deloitte Research finds the offshoring trend is on the rise, up 38% this year over last.The top

News Insurance

What’s new: In brief (June 22, 2004)

June 22, 2004 by Canadian Underwriter

Statistics Canada’s Consumer Price Index (CPI) says homeowners’ insurance rates were up 12.5% in May compared to a year ago, partly as a result of renewals in Ontario. At the same time, homeowners’ replacement costs soared 6.5% on higher housing