Reinsurance: Extreme Makeover
July 1, 2007 David Wilmot, Past Senior Vice President“Fast-money” seeking big returns – money that ultimately lands outside the reinsurance industry – is undermining the long-term viability of the reinsurance market
Competition for Premium Pie
July 1, 2007 Bruce PerryCanada’s reinsurance market contemplates a new landscape for the transfer of risk, including reduced cessions and downward pressure on primary rates
What’s New: In Brief (June 21, 2007)
June 21, 2007 by Canadian UnderwriterThe Autorite des Marches Financiers (AMF) found Sylvain Desgens guilty of five charges under the act respecting the distribution of financial products and services. Desgens was found guilty of acting as a representative in insurance of persons without holding a…
Mediating is the Message
June 1, 2007 by Canadian UnderwriterQuebec’s brokers’ association, the Regroupement des cabinets de courtage d’assurance du Qubec (RCCAQ), is following a road never before traveled — seeking the Holy Grail of universal, real-time interface. The RCCAQ is funding a project to develop and implement a…
Bermuda insurers face rate pressures; warns A.M. Best
May 25, 2007 by Canadian UnderwriterThe calm 2006 storm season showered benefits on Bermuda insurers, but A.M. Best is warning that last years strong performance has set the stage for increased pressure on rates as a whole.In its 2007 Special Report: Bermuda 12-Month Financial Review,…
Experts stress need for climate change adaptation policies
April 11, 2007 by Canadian UnderwriterA panel of senior Canadian climate change experts, chaired by the Canadian Foundation for Climate and Atmospheric Sciencess Dr. Gordon McBean, called on the federal government to increase funding for research on the impact of global warming.We need to factor…
Juggling Insurance Premium Taxes
April 1, 2007 by Canadian UnderwriterInsurers, brokers and policyholders need to keep an eye on compliance standards for premium taxes in various jurisdictions
Willis chairman pushes for global principles-based regulations
March 22, 2007 by Canadian UnderwriterJoe Plumeri, chairman and CEO of Willis Group Holdings (NYSE: WSH), the global insurance broker, stressed the importance of embracing a principles-based rather than a rules-based approach not just to regulation, but to running the entire industry at the UKs…
What’s New: In Brief (February 23, 2007)
February 23, 2007 by Canadian UnderwriterWoodhouse Contracting Ltd. has joined a strategic partnership with Edenvale Restoration, uniting two of the largest independent companies in the Canadian disaster restoration industry.Edenvale, with headquarters in Abbotsford, B.C., operates in the British Columbia Lower Mainland with operation branches in…
Reinsurers stand their ground
September 7, 2006 by Canadian UnderwriterGlobal pricing in the property catastrophe reinsurance market has been significantly influenced by extreme rate peaks in the U.S. and Mexico, which absorbed the majority of the losses from the 2005 storms, according to a recent report published by Guy…
Rumors of Consolidation: Reaching the Boiling Point
September 1, 2006 Craig HarrisWhen it comes to consolidation, do the larger property and casualty players in Canada have anywhere to go, or any companies to acquire? Many anticipate more merger and acquisition (M&A) activity in the future, but few are willing to put…
Views (September 01, 2006)
September 1, 2006 by Canadian UnderwriterDisaster Kleenup International (Canada) Ltd. enjoyed a fun-filled night of fantastic fireworks and good food on July 6 at the second annual Wind * Water * FireWORKS Toronto harbour boat cruise. Cruising the Toronto Harbourfront on the Captain Matthew Flinders,…