Canadian Underwriter


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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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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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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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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

hurricane lenny/1999
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Strong Winds are Blowing

January 1, 2000 Paul Kovacs, executive director of the Institute for Catastrophi

With the 1999 hurricane season recently closing with the last minute arrival of Hurricane Lenny causing considerably and unexpected damage in the Caribbean, the timing of the recently jointly held Institute for Catastrophic Loss Reduction (ICLR) and Insurance Bureau of

Products Shipped Under JIT/Quick Response ProgramsTrend in small shipment size, more frequent shipments
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Commercial Risk Under JIT

January 1, 2000 by Canadian Underwriter

The “just-in-time” (JIT) efficiency supply process has over recent years become more than just a popular fad among manufacturers, it has become an engraved business philosophy having produced significant operating savings to companies. However, when evaluating commercial coverages, insurers need to carefully weigh up all the risk factors associated with JIT.

source: fema
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Irene bookends expensive cat quarter

November 1, 1999 by Canadian Underwriter

Hurricane Irene, which moved from the Caribbean into southwest Florida with winds gusting at 75 miles an hour, dumped more than 18 inches of rain and caused widespread flooding in mid-October. The damage inflicted by Irene to the U.S. eastern

Franklin, Virginia under six feet of Hurricane Floyd flood water. Photo by Liz Roll/ FEMA News Photo.
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U.S. insurers hit by Floyd

October 1, 1999 by Canadian Underwriter

U.S. property and casualty insurers will pay homeowners and businesses an estimated $1.3 billion for insured property damage caused by Hurricane Floyd, according to preliminary calculations by the Insurance Services Office Inc. Hurricane Floyd hit 16 states, from Florida to

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U.S. Reinsurance Market PRICING STABILIZES

September 1, 1999 Sean Mooney, senior vice president at Guy Carpenter & Company In

Following a lengthy period of stagnation, pricing within the U.S. reinsurance market seems to have stabilized, with even some evidence in the market of rate increases. However, until the market’s excess capacity is depleted, buyers of reinsurance will continue to enjoy the benefits of highly competitive pricing.

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Canada absorbs cat, U.S. takes steps

September 1, 1999 by Canadian Underwriter

Foods that hit New Brunswick and Nova Scotia the week of July 26 have formed one of the largest insured losses to hit Atlantic Canada this decade. Close to 900 claims have been submitted to date and insurers predict damages

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Modeling risk, or maybe not…

June 1, 1999 Sean van Zyl, Editor

With the rising trend of North American natural catastrophe losses, a great deal of attention is being turned to the development of computer simulated cat risk programs. Cat risk models are hardly a new technological advancement for the insurance industry,