Canadian Underwriter


Feature

Reinsurance Perspective: 2004 Treaty Outlook

July 1, 2003 Donald Callahan, president of Guy Carpenter & Co. Ltd.

As the 2004 reinsurance treaty season draws nearer, the Canadian marketplace appears to be in a state of turmoil as global reinsurers evaluate their capital positions and effective capital use. The result has seen withdrawal of several known names from

Feature

Insight: Insurer Investments — Bearish Days

May 1, 2003 Craig Harris

Some property and casualty insurers rode the stock wave of the late 1990s, only to crash back to reality with the nasty downturn in equity markets over the past two years. Although most industry assets are held conservatively in bonds, investment income tailed off sharply in 2002, with few signs of reprieve this year. The recently introduced minimum capital test (MCT) and new accounting rules are prompting insurers to carefully balance risk profile with investment strategy. For some, it is a task easier said than done.

News Insurance

Hurricane forecaster predicts intense 2003 for U.S. Atlantic seaboard

April 8, 2003 by Canadian Underwriter

Colorado State University’s tropical storm research team under William Gray predicts that this year’s hurricane season from June to end November will spawn twice as many hurricanes than last year with the number of “named storms” amounting to about 140%

News Insurance

U.S. homeowners’ market still inadequate: Aon Re study

March 19, 2003 by Canadian Underwriter

Rate increases are not enough to help a struggling U.S. homeowners’ insurance market, says a new report by Aon Re Worldwide.Although the industry has increased rates by 7.8% since last May/June, and tightened underwriting, homeowners’ insurance stills falls short of

News Insurance

European floods top cat losses in below-average year: Swiss Re

March 12, 2003 by Canadian Underwriter

Insurers experienced below-average losses from catastrophes in 2002, according to a new sigma study by Swiss Re. Overall, natural and man-made losses cost p&c insurers US$13.5 billion (Cdn$19.9 billion) last year, with property losses below the long-term average since 1970.

Andre Fredette
Feature

Risk Management: 2003 More Of The Same

March 1, 2003 Vikki Spencer

The past year has been marked by sharply rising insurance rates, tightening terms of cover and scarce capacity across the various lines of commercial business. At a recent meeting of the Ontario Chapter of the Risk and Insurance Management Society (ORIMS), the speakers painted a dire outlook of the insurance environment facing risk managers in 2003.

News Insurance

2002 cat losses below average: Swiss Re study

January 2, 2003 by Canadian Underwriter

While 2002 was a relatively easy year for insurers in terms of cat losses, significant flooding in Europe points to potential concerns in the future, suggests a Swiss Re sigma report.In total, more than 300 man-made and natural catastrophes last

Corcoran
Feature

North American Insurance Conference: Dawn of a New Day

January 1, 2003 Vikki Spencer

The financial numbers for insurers and reinsurers across North America are not good – but they may only tell part of the story of the property and casualty insurance industry’s woes. It has become a familiar refrain, the need to

Feature

Lili damage estimate at US$335 million

November 1, 2002 by Canadian Underwriter

The U.S. Insurance Services Office (ISO) is estimating insured damage from Hurricane Lili at US$335 million. The hurricane hit Louisiana and parts of Mississippi in early October. Lili had swept the coast of Mexico as a category 4 hurricane, but

Feature

U.S. insurers incur US$675 million cat loss for 3-Q (November 01, 2002)

November 1, 2002 by Canadian Underwriter

U.S. insurers will likely pay about US$675 million in catastrophic claims for the third quarter of this year, according to the Insurance Services Office Inc. (ISO). Cat costs for the first nine months of this year amount to US$3.7 billion.

News Insurance

U.S. insurers incur US$675 million cat loss for 3-Q (October 28, 2002)

October 28, 2002 by Canadian Underwriter

U.S. insurers will likely pay about US$675 million in catastrophic claims for the third quarter of this year, according to the Insurance Services Office Inc. (ISO). Cat costs for the first nine months of this year amount to US$3.7 billion.Losses

News Insurance

Lili damage estimated at US$335 million

October 18, 2002 by Canadian Underwriter

The U.S. Insurance Services Office (ISO) is estimating insured damage from Hurricane Lili at US$335 million. The hurricane hit Louisiana and parts of Mississippi in early October.Lili had swept the coast of Mexico as a category 4 hurricane, but was