Under Wraps
August 1, 2013 Lalita Mohabir, Senior Personal Accident Underwriter, Burns & Wilcox CanadaThe officers, directors and employees of Canadian companies in the extractive industries are increasingly a target as kidnapping and ransom grow as a criminal enterprise. Among the factors contributing to this trend are increased global demand for resources, and the resulting bonanza of new business opportunities for Canada.
Consideration for All
July 1, 2013 Thomas VarneyA recent survey of Allianz experts around the globe shows that businesses take some risks very seriously, but widely underestimate others. Among the latter are the risks of power outages and cyber crime.
Moves and Views
July 1, 2013 by Canadian UnderwriterMoves and Views 1 Crawford & Company (Canada) Inc. recently announced that Pat Van Bakel [1a] is its new CEO, replacing John Sharoun [1b]. Van Bakel, a claims adjuster who was appointed Crawford Canada’s chief operating officer (COO) in 2012,…
Full Spectrum
December 2, 2012 by Canadian UnderwriterIt’s a safe bet that Canada’s property and casualty insurers are in for big changes. How dramatic those changes will be, what form they will take and when they will ultimately unfold are expected to fall on many points along the spectrum. Building on hard data and emerging trends, insurance companies are blending old with new as they prepare for all shades of risk.
Crunching the Numbers
December 1, 2012 Insurance Institute of CanadaWill “big data” have a big impact on claims adjusters?
Into the Breach
November 2, 2012 Scott Pidduck, Underwriter, Professional Liability, QBE Services Inc.The first 24 hours following a data or information breach are the most critical, demanding immediate action to help avert hefty costs, as well as to mitigate damage to company reputation and consumer trust.
Follow Suit
October 1, 2012 Mary Maloney, Vice President and Executive Protection Product Manager, Chubb InsuranceA survey of public company executives in the United States reveals little concern over the possibility of being sued – this despite almost a quarter of responding companies having already been sued.
Moves and Views
September 1, 2012 by Canadian Underwriter1 George Cooke [1] announced in August that he would be retiring as president of The Dominion, formerly The Dominion of Canada General Insurance. Cooke began his distinguished career with the company 20 years ago as president and CEO. He…
Mining: Big Risks, Big Rewards
August 1, 2012 Mark McAdams, Assistant Vice President and High-Hazard Occupancy Specialist, FM GlobalUnique challenges for mining insurers relate to the huge size, complexity and equipment of the projects they cover.
Moves & Views
August 1, 2012 by Canadian Underwriter1 Marsh has appointed Bertil Olsson [1] as its North American energy practice leader, bringing the Canadian energy hub under his leadership to meet the demands of oil and gas companies for more seamless risk expertise and solutions. Having led…
Grazing with Elephants
July 2, 2012 David Gambrill, Senior EditorConsolidation in Canada has caused reinsurers to look at new ways to share premium in a marketplace filled with hungry elephants. Reinsurers here point to a gradual, growing imbalance fed by the increasing demand for excess of loss reinsurance and a dwindling supply caused in part by a lack of premium growth. In response, reinsurers are looking to sate their appetite for more premium by moving into Canada’s primary insurance market.
Over the Horizon
March 1, 2012 David Gambrill EditorRIMS Canada Conference co-chairs Doug Brown and Lisa Brost are organizing the 2012 RIMS Canada Conference, dubbed ‘Horizons.’