Protection Through Research
November 1, 2006 Glenn McGillivray, Managing Director, Institute for Catastrophic Loss ReductionWhat the Canadian insurance industry is doing about climate change
A.M. Best to rate the “basis risk” of parametric cat bonds (November 01, 2006)
November 1, 2006 by Canadian UnderwriterA.M. Best Co. recently released a new methodology for rating the “basis risk” associated with parametric catastrophe bonds. The new methodology is designed to help the ratings agency determine the amount of reinsurance credit that can be claimed by the…
Crawford mobilizes after Hawaii earthquake
October 16, 2006 by Canadian UnderwriterCrawford & Company has mobilized its Canadian and U.S. staff to handle “any and all claims needs” following a sizable earthquake with a magnitude of 6.6 that sent more than 20 sharp aftershocks across the Hawaii islands on Oct. 15.“We…
Not with a Bang, but a Whimper
October 1, 2006 David Gambrill, EditorAs we go to press with this issue, it is just past the one-year anniversary of Hurricane Katrina, a Category 3 hurricane with sustained winds of 200 km-h that unleashed the flood waters of Lake Pontchartrain in New Orleans and…
A.M. Best to rate the “basis risk” of parametric cat bonds (September 25, 2006)
September 25, 2006 by Canadian UnderwriterA.M. Best Co. has released a new methodology for rating the “basis risk” associated with parametric catastrophe bonds.The new methodology is designed to help the ratings agency determine the amount of reinsurance credit that can be claimed by the sponsors…
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…
Aon places FM Global cat bond
August 29, 2006 by Canadian UnderwriterFM Global privately placed its second US$300 million catastrophe bond, in response to the increasingly unusual earthquake activity in the U.S. and Canadian Pacific Northwest regions. Aon Capital Markets served as lead manager to place the most recent cat bond.FM…
A Precarious Balance
August 1, 2006 by Canadian UnderwriterRisk managers face a conundrum in which they can’t accurately quantify risks that haven’t happened yet, but can’t convince companies to buy insurance cover unless the risk is quantified.
The Business of Staying in Business
August 1, 2006 Craig HarrisCanadian companies have learned lessons from recent disasters, but are they prepared for The Big One?
Supply Chain Interruption
August 1, 2006 Perry R. Brazeau, Senior Vice President, Manager, Canada Division, FM GlobalIt takes more than large insurance policies to manage risks across your supply chain
Winged Disaster
August 1, 2006 by Canadian UnderwriterBusiness continuity planning should already be in place in preparation for avian flu (or other) pandemics
Seismic Changes in Earthquake Prediction
August 1, 2006 Don Windeler, Senior Model Manager, Americas Earthquake, Risk Management Solutions (RMS).Earthquake model updates have shifted to a spectral response approach