Canadian Underwriter

Segment
Risk Management


News Insurance

Aon, Marsh CEOs differ in views on compensation issue

April 19, 2005 by Canadian Underwriter

The CEOs of two of the world’s leading brokerages gave differing views on what the future of intermediary compensation should look like at the keynote panel discusssion at the Risk & Insurance Management Society (RIMS) Conference Tuesday.New Marsh CEO Michael

News Insurance

Risk managers need to take control of compensation issue: RIMS president

April 19, 2005 by Canadian Underwriter

Risk managers need to take the reigns and address their own concerns regarding broker compensation,the new president of the Risk & Insurance Management Society (RIMS) told members Tuesday.As part of the keynote panel discussion at RIMS’ annual conference in Philadelphia,

News Insurance

St. Paul Travelers expands Canadian presence

April 19, 2005 by Canadian Underwriter

St. Paul Travelers is expanding its Canadian operations with the addition of a new “national programs” unit based in Toronto.The new unit follows on the heels of an oil and gas unit created last year and based in Calgary. And

News Insurance

Meltzer receives RIMS’ top honor

April 18, 2005 by Canadian Underwriter

Canadian risk manager Susan Meltzer was honored Monday with the highest award bestowed by the Risk & Insurance Management Society (RIMS) at the society’s annual conference in Philadelphia.Meltzer, assistant vice president of risk management for Sun Life Financial, received the

News Insurance

Plumeri touts need for innovation in industry

April 18, 2005 by Canadian Underwriter

The insurance industry should take recent controversy over broker compensation and use it as an opportunity for “healthy self-examination”, Willis Group CEO and chairman Joe Plumeri told an audience at the RIMS Conference in Philadelphia Monday.Plumeri says the industry needs

News Insurance

Industry needs to communicate better: Levene

April 18, 2005 by Canadian Underwriter

The insurance industry needs to communicate better, not only in terms of full transparency with clients, but also working closely with regulators, Lloyd’s chairman Lord Peter Levene told a Philadelphia audience Monday night.Speaking to business leaders at the Philadelphia Club,

News Insurance

Analyst predicts “dramatic decline” in p&c earnings power

April 14, 2005 by Canadian Underwriter

“Property and casualty insurers will see dramatic declines in core earnings power beginning as early as this summer and extending into 2006,” predicts a new study by insurance industry investment banking firm Cochran, Caronia Securities LLC.The study forecasts a shortening

News Insurance

What’s new: In brief (April 12, 2005)

April 12, 2005 by Canadian Underwriter

Chubb Insurance Co. has launched a new product aimed at the new risks being faced by Canadian businesses, from the Internet to U.S. exports. The “MasterKey” policy provides coverage for new exposures such as event cancellation, ocean cargo, kidnap &

News Insurance

U.S. judges say frivolous lawsuits not on the rise

April 11, 2005 by Canadian Underwriter

The filing of frivolous lawsuits is not a significant problem, according to a survey of U.S. federal court judges.The survey, taken by the Federal Judicial Center, was intended to assess the appropriateness of “Rule 11” of the Federal Rules of

News Insurance

Farm co-operatives’ pension class action certified

April 11, 2005 by Canadian Underwriter

A lawsuit launched on behalf of members of a farm co-operatives pension plan have seen their class action certified.Ontario Superior Court Justice Warren Winkler certified the suit, which stems from investment losses suffered by the Participating Co-operatives of Ontario Trusteed

News InsuranceMergers and Aqcuisitions

What’s new: In brief (April 11, 2005)

April 11, 2005 by Canadian Underwriter

Former AIG chairman and CEO Maurice Greenberg will refuse to testify to an investigation into his level of involvement in certain accounting practices, according to a statement from Greenberg’s lawyer David Boies. Boies says that because they were unable to

News Insurance

Willis to pay US$51 million to settle New York, Minnesota investigations

April 10, 2005 by Canadian Underwriter

Broker Willis Group Holdings says it has reached agreements with attorneys general in New York and Minnesota which will see the company create settlement funds valued at US$51 million.In its settlement with New York Attorney General Eliot Spitzer, Willis will