Businesses not prepared for global water shortage: Marsh
September 6, 2007 by Canadian UnderwriterThe worlds largest businesses are not prepared for the effects of a looming water shortage, according to research sponsored by the newly-established Marsh Center for Risk Insights.Marsh Inc., a global insurance broker and risk advisor, formed the Marsh Center for…
Government anti-terrorism measures target charitable transactions, open up new D&O exposures
August 1, 2007 by Canadian UnderwriterGovernment anti-terrorism regulations that target purportedly charitable financial transactions — financial dealings that might instead be used in support of terrorist activities — have subjected Canadian charities to stringent regulatory requirements, and could potentially expose charities’ directors to personal liability,…
Moves (August 01, 2007)
August 1, 2007 by Canadian UnderwriterParis Re (formerly AXA Re) celebrated the launch of its new brand name and new banner during a special evening held in the heart of Old Montreal on Apr. 26, 2007. Hans Peter Gerhardt, CEO of Paris Re Holdings, and…
Anti-terrorism legislation puts charity D&Os at risk
July 18, 2007 by Canadian UnderwriterGovernment anti-terrorism regulation targeting purportedly charitable financial transactions which may support terrorist activities subject Canadian charities to stringent regulatory requirements and potentially expose charities directors to personal liability, an Aon Canadian advisory report warns.Potential consequences of anti-terrorism act violations could…
Trusted Advisors
July 1, 2007 David GambrillThe independent brokers’ greatest competitive challenge is against the speed and convenience that the Internet offers consumers
Pembridge moves into Quebec
June 4, 2007 by Canadian UnderwriterPembridge Insurance Company has moved into Quebec, after the companys official launch in the province today. The launch of Pembridge in Quebec is a hallmark moment for our company, and it is a reflection of our commitment to consumers and…
Maintaining Distinctions
May 1, 2007 Robert (Bob) Tisdale, President and CEO, Pembridge Insurance CompanyOne challenge for the industry in 2007 will be to avoid a collapse of the important distinction between independent brokers and captive agents
OIAA to hold seminar on new auto insurance health claims system
April 4, 2007 by Canadian UnderwriterThe Ontario Insurance Adjusters Association (OIAA) is presenting a seminar in Toronto about the new Health Claims for Auto Insurance (HCAI) system.The Apr. 11 seminar will include an overview of the HCAI system and its capabilities, the changes that can…
Juggling Insurance Premium Taxes
April 1, 2007 by Canadian UnderwriterInsurers, brokers and policyholders need to keep an eye on compliance standards for premium taxes in various jurisdictions
Insight: Uncovering Data
February 1, 2007 Craig HarrisThere is a growing sense that data analytics will become a key source of competitive advantage in many areas. Will we see a division between the haves and have-nots when it comes to segmentation, risk and profitability?
AIG proposes to acquire public shares of 21st Century
January 26, 2007 by Canadian UnderwriterAmerican International Group, Inc. (AIG) is proposing to acquire the outstanding 38.1% publicly held shares of 21st Century Insurance Group (21st Century) (NYSE: TW) for approximately US$690 million.“Following the transaction, 21st Century would become a wholly owned subsidiary of AIG,”…
Marsh launches property catastrohpe sidecar
January 11, 2007 by Canadian UnderwriterMarsh Inc. announced the creation of MaRI (Marsh Risk Innovations), a reinsurance sidecar that will provide additional capacity to the depleted property catastrophe insurance market.Sidecars have gained popularity in the wake of Hurrican Katrina and are essentially financial structures created…