BIRTH OF THE CAT BOND
May 1, 2001 Andrew RickardTHE FUTURE OF REINSUR ANCE FINANCING
IN THE EYE OF THE STORM
April 1, 2001 Glenn McGillivray, assistant vice president & head of corporateThe prospect of a growing tornado loss potential due to underlying increases in exposed insurable equity coupled with the historical frequency associated with tornadoes do not bode well for the insurance industry’s future.
VANCOUVER’S REAL EARTHQUAKE RISK: FIRE
April 1, 2001 Sean van Zyl, EditorThe recent earthquake which shook residents of Seattle and Olympia in north Washington state has given risk managers with exposures in southwestern British Columbia more than a mild shudder. It has long been known that the highly urbanized cities of…
TECHNOLOGY STRATEGIES: STAYING AFLOAT
March 1, 2001 Gordon Dunn, director, new business development at HUONRising expense ratios, soft market conditions, consolidation. Just when the insurance industry thinks it has weathered the stormy climate of the last decade, a new millennium brings the uncertainty of technological advancement. Companies eager to reduce costs may be prepared…
Lloyd’s boosts capacity in Canada/U.S
February 1, 2001 by Canadian UnderwriterLloyd’s of London has risen its 2001 writing capacity by 10% over last year to US$16.6 billion. This is the largest year-on-year increase the market has seen since 1993/4, according to a media statement. “The growth in Lloyd’s capacity indicates…
TPAs Looking for Value
January 1, 2001 Ed Doyle, general manager at Gallagher Bassett Canada Inc.In the past several years we have seen a movement in the Canadian property and casualty insurance industry toward the U.S. model of adjusting claims and handling claims management through third-party administrators (TPAs). In line with this trend, the days…
Outsourcing finding efficiency
January 1, 2001 David CarrThe recent advancement of outsourcing within the property and casualty insurance industry – which today has seen the breadth of functions affected ranging across the various areas of the business compared with the past’s narrow application to the investment management…
Aging infrastructure key link to disasters
January 1, 2001 by Canadian Underwriter“While Canada does a great job responding to natural disasters and rebuilding afterward, we have a lot to do when it comes to preventing disaster,” says George Anderson, president of the Insurance Bureau of Canada (IBC). Anderson, who recently gave…
Reinsurance Strategies
December 1, 2000 Vikki SpencerInadequate rates, worldwide catastrophic losses and consolidation in the primary market created dismal results for reinsurers in the past few years. But could there be a light on the horizon? CU’s survey of Canadian reinsurance CEOs suggests change is in the wind, with rates set to rise this year and companies charting a course for profitability in the future.
Has the “Cycle” broken?
December 1, 2000 Steve Hammond, leader of commercial underwriting practices at RoThere is evidence to suggest that the traditional business planning cycle has been bent so far out of shape as to become irrelevant to property and casualty insurance. Faced with the “end of the cycle”, insurers need to find a new barometer.
Reinsurance outlook: Low Rates & High Losses
December 1, 2000 Glenn McGillivray, head of corporate communication at Swiss ReinA one-on-one interview with Franklin W. Nutter, President of the Reinsurance Association of America (RAA).
The “REAL DEAL”?
December 1, 2000 Sean van Zyl, EditorNot unlike the frustration and confusion expressed by the investment markets during the inconclusive and back-biting legal play that ended the race for of the U.S. presidential election, Canadian primary insurers have waited with baited breath from the middle of…