Following the Five Commandments of Good Faith
April 1, 2007 Vanessa MarigaThe insurer must not treat the insured as an adversary whose interests may be disregarded, and this implies a reasonable and competent investigation of the claim.
Moves (April 01, 2007)
April 1, 2007 by Canadian UnderwriterCrawford Adjusters Canada Incorporated announced the change of its corporate name to Crawford & Company (Canada) Inc, effective immediately. The removal of the word ‘adjusters’ from Crawford’s name will allow all divisions of the company to be united under a…
Adjusting for the Future
April 1, 2007 Craig HarrisMaintaining the Leadership Position
Guy Carpenter launches portfolio-based product
March 13, 2007 by Canadian UnderwriterGuy Carpenter & Company has launched SelectCat, an index-based product designed to provide reinsurers with capacity, flexibility and rational pricing for managing their property catastrophe risks. SelectCats pricing and loss index is developed from a synthetic layer, structured for a…
Handling Global Political Risk
March 1, 2007 Daniel Galvao, Senior Vice President, Financial Products, Marsh Canada LimitedInsurers should be aware of terrorism and nationalism as global political risks.
It’s Your Move
January 1, 2007 Glenn Gibson, CEO, The Americas, Crawford & Company International / Michael Virley, Senior General AEvidence, advocacy and strategy in the appraisal process
More ships doesn’t translate into P&I premium decrease
November 29, 2006 by Canadian UnderwriterShip owners accustomed to double-digit increases in their protection and indemnity premiums over the past five years may be disappointed if they are expecting an improvement in their 2007 renewal terms, a Lloyd’s broker says.HSBC Insurance Brokers, a P&I specialist,…
Differences in D&O Coverage
November 1, 2006 Paul Reynolds, Director, Bishop Phillips Consulting CanadaCanadian board executives are preparing for increased risk, but many still mistakenly believe that all D&O coverage is alike
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…
Converium on watch positive
October 18, 2006 by Canadian UnderwriterStandard & Poor’s Ratings Services recently placed its ‘BBB+’ long-term counterparty credit and insurer financial strength ratings on Switzerland-based reinsurer Converium AG, and its ‘BBB+’ long-term insurer financial strength ratings on guaranteed operating entities Converium Rckversicherung (Deutschland) AG and Converium…
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…
Crawford & Company busy on M&A front
August 22, 2006 by Canadian UnderwriterCrawford & Company, an independent provider of claims management solutions, has been busy in August, acquiring Broadspire Services, a third-party administrator of casualty claims and medical management services, from Platinum Equity, as well as SLS, a liability adjusting and claims…