On The Move (October 01, 2000)
October 1, 2000 by Canadian UnderwriterThe Insurance Brokers Association of Canada has named Brendan Wycks as its new executive director, effective this month. Wycks has 17 years of management experience, including director of the executive office at the Institute of Chartered Accountants of Ontario for…
REDEFINING the future of the intermediary
October 1, 2000 Klaas Westera, --an industry perspectiveAdvantages of the broker distribution channel: convenience name brand choice relationship first-hand knowledge of risk local service good product to risk matching dollars stay in local community
Financial planning for brokers: Maximizing Exit Strategies
October 1, 2000 Jack Lumsden, an insurance broker consultantMuch has been written about the effect on the working situation of principal partners of an independent insurance brokerage upon its consolidation or purchase by a consolidator or an insurance company. One of the key issues this evolution has created is how does the individual broker integrate the sale of his business with his/her own personal financial and/or retirement plans.
Coming Events (October 01, 2000)
October 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. Waterloo Region Insurance Professionals…
Fire Protection: Complacency Burns!
September 1, 2000 Gary Richardson, fire chief of the City of OttawOne of the biggest causes of property loss is fire. However, this is a threat which appears to garner less than serious attention in terms of mitigation efforts by both risk managers and insurers. Building fire system inspections carried out by the Ottawa Fire Department last year revealed an exceptionally high level of deficiencies to early warning responses, largely as a result of complacency.
Risk Management: DANGER OF THE CYBER DEEP
September 1, 2000 Vikki SpencerCounting the costs of risks associated with the rapid rise of computer technology is no simple task, say risk managers. But, recent surveys say “cyber risks” will be the next big challenge. Are today’s risk managers prepared to stay afloat in these dangerous waters, or will they be sitting ducks?
On The Move (September 01, 2000)
September 1, 2000 by Canadian UnderwriterScor Canada welcomes Henry Klecan Jr. to succeed Dominique Lavallee as president and CEO. Klecan was previously senior vice president of The Citadel Insurance Company. After 12 years in Scor’s North American offices, Lavallee heads to Paris, to lead the…
BAIG acquires U.S. aviation group
September 1, 2000 by Canadian UnderwriterU.K. insurer The British Aviation Insurance Group Ltd. (BAIG) has acquired U.S. specialty underwriter Associated Underwriters Inc. (AAU) for an undisclosed amount. BAIG focuses on global aviation risks while AAU acts as a syndicate manager in the aviation and satellite…
Walkerton: a risk management nightmare
September 1, 2000 William Blakeney, senior partner at Blakeney Henneberry BakshThe dramatic incident that took place in Walkerton, Ontario during the final two weeks of May, 2000 will go down in history as a tragic example of the suffering and disruption that can occur when municipal and provincial agencies fail to act on system safeguards. The events that led up to the contamination of Walkerton’s water supply present valuable lessons in risk management as well as serious considerations for insurers underwriting municipal risks.
Coming Events (September 01, 2000)
September 1, 2000 by Canadian UnderwriterAnnouncements in Coming Events are run free of charge as a service to the industry. Items should be submitted by the first of the month prior to the month in which the announcement is to appear. National Association of Surplus…
PIECING TOGETHER MONEY RISKS
September 1, 2000 Glenn McGillivray, head of corporate communication at Swiss ReinWith the globalization of business, companies are increasingly opening themselves up to exchange rate risk.
Developing risk management: POSITIVE REFLECTIONS
September 1, 2000 Vikki SpencerIf experience is required, then Rich Whitehouse is the right choice to host the silver anniversary of the Canadian Risk and Insurance Management Society’s conference. As a delegate at the first conference 25 years ago, he is in a unique…