Swiss Re report predicts explosive growth in risk securitization products
June 14, 2001 by Canadian UnderwriterA recently released Swiss Re Sigma report titled "Capital Market Innovation in the Insurance Industry" suggests that the value of alternative risk securitization solutions will increase tenfold by 2010. The report notes that approximately US$12.6 billion has been funneled into…
Scor buys Sorema operations
June 1, 2001 by Canadian UnderwriterInternational reinsurer Scor has purchased Groupama’s reinsurance business, Sorema S.A. and Sorema N.A., in a share transaction. The deal, which values the two subsidiaries at EUR 344 million, will make Groupama the largest shareholder in Scor, with a 17% stake.…
BIRTH OF THE CAT BOND
May 1, 2001 Andrew RickardTHE FUTURE OF REINSUR ANCE FINANCING
DEVELOPING A PROFESSION
April 1, 2001 Vikki SpencerAt the recent Ontario Risk Management and Insurance Society (ORIMS) professional development day, a host of speakers expressed the need for expanding the knowledge and influence of risk managers in the corporate structure. With new approaches to risk financing and…
Coming Events (April 01, 2001)
April 1, 2001 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. RIMS Annual Conference. Atlanta,…
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.
Coming Events (March 01, 2001)
March 1, 2001 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Women in Insurance Cancer…
LEADING THE BROKER CHARGE
March 1, 2001 Vikki SpencerWhat do legendary rockers Aerosmith, boy band *Nsync and the Insurance Brokers Association of Canada have in common? All three were featured in the half-time show of this year’s SuperBowl game. It was a touchdown of sorts for the national…
CYBER-EXPOSURE a risky business
March 1, 2001 Vikki SpencerCorporate takeovers. Plummeting stock prices. Falling profits. These used to be the primary fears of the corporate world. Today, enemy number one could be a fourteen-year-old sitting in front of a home computer with the power to bring business to…
U.S. cat costs drop
January 1, 2001 by Canadian UnderwriterU.S. insurers experienced their lowest quarterly catastrophe related loss for the third quarter of this year since 1990, says the Insurance Services Office (ISO). The overall cat loss for the third quarter amounts to US$315 million based on three events…
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.
REINSURANCE PERSPECTIVE — from the frontline
December 1, 2000 Vikki SpencerWith most reinsurers adamant that a tough stand will be taken in the upcoming annual treaty negotiations, CU went to the “frontline” to establish a broker perspective of the market mood. Tom Hopkinson, president of Guy Carpenter’s Canadian operations, expects the following: