Canadian Underwriter

Segment
Risk Management


News Insurance

U.K. firms more likely to put risk specialist in charge of corporate governance

July 19, 2004 by Canadian Underwriter

In a comparative study of companies in the U.K., U.S., Germany, France and the Netherlands, British firms were more likely to have a specific risk specialist to handle corporate governance functions, while U.S. firms largely put primary responsibility for this

News Insurance

RIMS members report rates dropping across all lines

July 15, 2004 by Canadian Underwriter

The soft market is well on its way, evidenced by findings in the second quarter 2004 Risk and Insurance Management Society (RIMS)/Advisen benchmark survey which show half of all commercial accounts seeing rate decreases on renewal.The survey of risk managers

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Actuaries say industry not ready to assume terrorism risk

July 14, 2004 by Canadian Underwriter

With the future of the Terrorism Risk Insurance Act (TRIA) currently being debated by U.S. legislators, the American Academy of Actuaries (AAA) says the insurance industry will not be prepared to assume the risk if TRIA is not renewed beyond

News Insurance

What’s new: In brief (July 14, 2004)

July 14, 2004 by Canadian Underwriter

Kingsway Financial Services has promoted Claude Smith to the role of vice president and chief information officer. Smith has been with the company four years, and most recently held the same titles with subsidiary Kingsway General Insurance. Kingsway Financial has

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

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

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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 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