Views (March 01, 2007)
March 1, 2007 by Canadian UnderwriterThe 22nd Annual Conference of the Canadian Independent Adjusters’ Association (CIAA), held Sept. 6 at The Pillar and Post Inn, Niagara- on-the-Lake, Ontario, saw the 2006-07 national executive elected. *** CIAA’s 2006 traditional “passing of the hat” president Craig Walker…
Risk Managers on Climate Change Solutions: Raising the Red Flag
March 1, 2007 Vanessa MarigaRisk managers in Canada are exploring the nuances of climate change, as well as pandemics and cyber threats
Continued softening in U.S. P&C market
November 1, 2006 by Canadian UnderwriterThe composite rate for the commercial property and casualty market dropped 8% compared with the same period last year, according to a report published by Dallas-based MarketScout. The commercial P&C industry continued its trend toward softening, the report noted, adding…
Rising Fortunes
November 1, 2006 by Canadian UnderwriterAfter the horrific storm season of 2005, what would Mother Nature do for an encore in 2006? It would appear she is giving Canada’s reinsurers a break – resulting in a comparatively sunnier financial climate for the reinsurance market in 2006
Capital Gains
November 1, 2006 by Canadian UnderwriterRatings agencies are changing their methods for determining capital adequacy within the holistic context of Enterprise Risk Management (ERM). It remains to be seen what impact this will have on reinsurers.
Halifax conference 2007
November 1, 2006 by Canadian UnderwriterTragedy is no stranger to the shores of Halifax, Nova Scotia: historically, thearea has been fraught with disasters — from the Titanic and Swiss Air, to the Halifax Explosion. But tragedy is only as severe as the response allows it…
Continued softening in p&c market
October 6, 2006 by Canadian UnderwriterThe composite rate for the commercial property and casualty market dropped 8% compared with the same period last year, according to a report published by Dallas-based MarketScout.The Commercial P&C industry continued its trend toward softening as indicated by the report…
Willis sees organic revenue grow
August 3, 2006 by Canadian UnderwriterWillis Group has reported a 10% growth in its Q2 organic revenue, with double-digit growth from its reinsurance broker business.However, the insurance broker’s net income for the same period dropped 37% from the same period last year to reach US$72…
Crawford to handle North Vancouver oil spill claims
July 12, 2006 by Canadian UnderwriterThe Vancouver-based marine services branch of Crawford Adjusters Canada has been appointed to handle the insurable repercussions resulting from a recent oil spill into an inlet off North Vancouver’s waterfront.Vessel owner’s liability insurers appointed Crawford Marine Services to investigate and…
RIBO cautions against negative option billing
June 6, 2006 by Canadian UnderwriterRegistered Insurance Brokers of Ontario (RIBO) has issued a warning in its Spring 2006 bulletin about insurers’ use of negative option billing or marketing.Reprinting an excerpt of a similar warning issued in 2000, RIBO noted the “Financial Services Commission of…
Why Age Matters
May 1, 2006 Mary Kelly, Norma NielsonAre there any alternatives to classifying drivers by age?
Swiss Re changes financing plans for acquiring GE
April 21, 2006 by Canadian UnderwriterSwiss Re says a “very strong capital position” has allowed it to adjust the way it plans to finance its proposed purchase of GE Insurance Solutions. “Swiss Re expects to raise US$3.9 billion instead of US$4.7 billion in equity securities…