Segment
Risk Management
What’s New: In Brief (September 25, 2006)
September 25, 2006 by Canadian UnderwriterICBC is planning to drop a car from a 50-foot crane at the PNE fairgrounds in Vancouver to illustrate graphically the damage of a head-on crash between a car moving at 60 km-h and a stationary object.The public event will…
Integro and Indemnis partner up
September 25, 2006 by Canadian UnderwriterIntegro Insurance Brokers has implemented a new business venture with Indemnis Trade Risk Management, which will allow the broker to offer new trade risk management programs to its North American clients. “We are enthusiastic about our firm’s collaboration with Indemnis…
Syncro starts side car-style arrangement with Lloyd’s
September 22, 2006 by Canadian UnderwriterSyncro Limited, a Bermuda-based company, is establishing a Bermuda sidecar-like reinsurance arrangement to allow Lloyd’s managing agencies to increase their underwriting access to additional capacity at any point in the underwriting year. Structurally, the arrangement is similar to a side…
Travelers offers cover for investment advisors
September 21, 2006 by Canadian UnderwriterSt. Paul Guarantee Insurance Company (Travelers) has introduced a new policy to give added protection to investment advisers, mutual funds and hedge funds for risks associated with providing asset management products and services to investors.“Investment advisers, mutual funds and hedge…
Max Re Opens Aviation Unit
September 20, 2006 by Canadian UnderwriterMax Re Capital Ltd.’s subsidiary, Max Re, has launched an aviaition insurance unit.The aviaition unit, which will be based in the Company’s Dublin office, will be led by senior vice-president Olivier Marre. Previousy Marre the was general manager of underwriting,…
Lloyd’s commemorates 9-11 as “market-changing”
September 20, 2006 by Canadian UnderwriterLloyd’s of London recently commemorated Sept. 11, 2001, noting how the event changed the entire face of the insurance industry.Benfield chief executive Grahame Chilton noted the effects of 9-11 on the insurance industry during Rendez-Vous, an event that marks the…
Risk managers to turn toward credit financing in future
September 20, 2006 by Canadian UnderwriterOver the next 15 years, risk managers may be looking more towards credit financing as a means to backstop major catastrophes, rather than relying on more traditional forms of insurance or reinsurance, a panelist told participants at the 2006 RIMS…
Ottawa’s Kim Hunton wins risk management award
September 19, 2006 by Canadian UnderwriterKim Hunton of Ottawa is the 2006 recipient of RIMS Canada’s Donald M. Stuart Award, established in 1979 to recognize outstanding contributions to the field of risk and insurance management in Canada.Hunton received the award at a special awards presentation…
Popularity of reinsurance modelling increases
September 19, 2006 by Canadian UnderwriterCompanies attempting to optimize their reinsurance programs are turning to reinsurance modeling more and more, A.M. Best reports.The ratings agency notes Raju Bohra, a senior vice president at Willis Re Inc., made the observation at the 111th National Association of…
2006 RIMS Canada Conference grows
September 18, 2006 by Canadian UnderwriterOnce again the bar measuring the success of the annual RIMS Canada Conference has been raised with a record registration number of 699, secretary of the RIMS Canada Council Bruce Tainsh told the audience at the 2006 RIMS Canada Conference…
What’s New: In Brief (September 18, 2006)
September 18, 2006 by Canadian UnderwriterWICC (Women In Insurance Cancer Crusade) Ontario Chapter is hosting its 9th Annual “Breakfast for Breast Cancer” on Nov. 1, 2006.The breakfast will be held at the Arcadian Court, located on 401 Bay Street in Toronto.The guest speaker will be…
Risk managers must focus on reward, opportunity
September 18, 2006 by Canadian UnderwriterRisk managers must focus more often on presenting to company management the opportunities and rewards of taking risks if they want the risk management profession to thrive in the future, panelists told people attending the RIMS Canada Conference Calgary Summit…