P&I claims and premiums on the rise, Aon report says
November 20, 2007 by Canadian UnderwriterThe surge in costly in protection and indemnity (P&I) pool claims in 2006 could be a sign of the times, as booming shipping operations become more expensive, according to Aons P&I Pre-renewal Report 2007. In anticipation, P&I clubs are already…
Beacons
November 1, 2007 Vanessa Mariga and Laura Kupcis.Broker and insurer CEOs charted a course at the 2007 RIMS Canada Conference in Halifax through the murky waters of contingent commissions, terrorism, contract certainty, quicker service delivery and climate change.
International Delivery
November 1, 2007 William Rowland, Cargo Product Line Manager, XL InsuranceThinking Globally, Acting Locally on Cargo Risks
Sutton Sportscover Ltd. launched in Canada
October 22, 2007 by Canadian UnderwriterW.J. Sutton & Company Limited, a special risk managing general underwriter, and Sportscover, a global sports insurer, have joined forces to launch Sutton Sportscover Limited, a new company focusing on sports insurance in Canada. The new venture will provide comprehensive,…
ERM Scorecard
October 1, 2007 by Canadian UnderwriterOut of 241 global insurers and reinsurers ranked in Standard & Poor’s (S&P’s) first enterprise risk management (ERM) scorecard, 81% of insurers and reinsurers received an “adequate” ranking for their ERM programs in 2006, whereas only 3% received an “excellent.”…
Trips,Traps and Jurisdiction
September 30, 2007 byMelissa Kehrer and John A. Olah
Contract certainty and shorter service time are key
September 17, 2007 by Canadian UnderwriterContract certainty and shortening service time are key areas to focus on in an effort to improve the service the insurance industry offers its customers, the insurers panel told delegates at the RIMS Canada Conference in Halifax, Nova Scotia. Richard…
3% of insurers/reinsurers get an
September 11, 2007 by Canadian UnderwriterOf the 241 global insurers and reinsurers evaluated in Standard & Poors (S&Ps) first ERM [enterprise risk management] scorecard, 81% of insurers and reinsurers received an adequate ranking for their ERM programs, and only 3% received an excellent.Of those assessed…
The Inevitability of Market Cycles
September 1, 2007 by Canadian UnderwriterAt an industry meeting some time ago, I heard someone say: “Insurance is the Shiva of Capital.” I am not a student of world religions, but the reference to the Hindu deity that is both the “destroyer and restorer” of…
Protecting the Guardians
August 1, 2007 Jordan S. Solway, Regional Vice President, Claims and Legal, Arch Insurance Company (Canada Branch)Fresh, innovative D&O and E&O products are required to help protect members of Canada’s newly-established investment fund review committees
Small Leak Big Payday
August 1, 2007 Harry F. Steinmetz, LLB, Lerners LLPClaims for leaks related to residential oil tanks are on the rise, and there are things that brokers, underwriters and claims managers can do to mitigate the damage……
Pulling Out of WSIB
August 1, 2007 Dylan Short, Manager, Advisory Services, Corporate Underwriting and Safety and Training, Markel InsuMany trucking companies have incorrectly assumed all owner-operators are qualified to opt out of WSIB coverage. This misunderstanding has proved costly for some.