Canadian Underwriter


Illustration: the Image Bank
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WHAT COMES AROUND…

July 1, 2001 by Canadian Underwriter

The reason for cyclical rate peaks and valleys in the international insurance and reinsurance market always comes down to the issue of supply.; By Glenn McGillivray, assistant vice president & head of corporate communication at Swiss Reinsurance Co. Canada

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Future for insurance risk securitizations immense

July 1, 2001 by Canadian Underwriter

A 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

News Insurance

Swiss Re report predicts explosive growth in risk securitization products

June 14, 2001 by Canadian Underwriter

A 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

Terry Squire
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Partnerships core to disaster mitigation

June 1, 2001 by Canadian Underwriter

The insurance industry’s natural disaster mitigation body, the institute for Catastrophic Loss Reduction (ICLR), highlighted the value of research and information sharing between the private, public and scientific sectors at its recent annual general meeting. During 2000, the ICLR formalized

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BIRTH OF THE CAT BOND

May 1, 2001 Andrew Rickard

THE FUTURE OF REINSUR ANCE FINANCING

A fierce tornado struck the center of Regina, Saskatchewan on June 30, 1912, killing 28 people and causing $6 million in property damage. Many homes and three churches were totally destroyed and a recently built provincial legislative building was extensively damaged.
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IN THE EYE OF THE STORM

April 1, 2001 Glenn McGillivray, assistant vice president & head of corporate

The 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.

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2000 cat losses near record low

March 1, 2001 by Canadian Underwriter

The insured cost of catastrophic losses for 2000 in the U.S. fell below the past 10-year average to a low of US$4.3 billion, according to the Insurance Services Office (ISO). Last year’s cat loss in value terms was 53% below

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Reinsurance outlook: Low Rates & High Losses

December 1, 2000 Glenn McGillivray, head of corporate communication at Swiss Rein

A one-on-one interview with Franklin W. Nutter, President of the Reinsurance Association of America (RAA).

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Natural Catastrophes: An Increasing Trend?

December 1, 2000 Donald Keefe, manager of engineering property and special risks

Last year was one of the worst years in the 1990s for natural catastrophes worldwide. There were two major earthquakes in Turkey and one in Taiwan, Columbia, Mexico and Greece, making 1999 the year most severely affected by earthquakes since 1976. The earthquakes in Turkey and Taiwan claimed the lives of over 20,000 people and resulted in economic losses of approximately US$ 26 billion.

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WANTED: Partners against natural disasters

July 1, 2000 Linda Matthews, COO of Royal & SunAlliance Canada

For most Canadians, a natural disaster is something that takes place half a world away, generally in poor, under-developed countries, across the hurricane swept Caribbean, or along the southeast coast of the U.S. But more natural disasters are happening in our own backyard, adding to the burden of risk management, and raising concern that resources for immediate disaster relief will be spread too thin.

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Reinsurance market innovations: Staying Alive

July 1, 2000 Glenn McGillivray, head of corporate communication at Swiss Rein

What are some of the world’s reinsurers doing to move forward amid what has been the worst market downturn in recent memory?

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Catastrophe loss mitigation: Saving What We Have

June 1, 2000 Sean van Zyl, Editor

Included in the federal government budget for the current fiscal year was a long-range allocation of several billion dollars to be earmarked for provincial infrastructural development projects. The property and casualty insurance industry’s recently formed Institute for Catastrophic Loss Reduction