Moves and Views
September 1, 2014 by Canadian Underwriter1 Commercial insurance brokerage Nacora Canada announced in August the appointment of Dianna Fioravanti [1] as its new chief executive officer and managing director. Fioravanti was previously senior vice president of national sales and business development, for SCM Risk Management…
Equitable Contribution
July 31, 2014 Chad Leddy, Associate, Dutton Brock LLPHow this legal doctrine impacts the sharing of defence costs between primary and excess insurers.
Cyber 2.0
June 1, 2014 Craig Harris, Freelance writerCyber insurance coverage is entering the next phase in its evolution from optional add-on product to increasingly important component of a thorough risk management program. As high-profile data security breaches grab top headlines, more organizations are having the “cyber talk” with their brokers and insurance partners. The pace of product adoption, however, is slow grind rather than big bang.
More than Meets the Eye
August 1, 2013 Nils Diekmann, Underwriter, Special Enterprise Risks, Corporate Insurance Partner, Munich ReCyber risks are here – and growing. As technologies become more ubiquitous, cyber risks and the need to protect against these have become increasingly important regardless of an organization’s size, sector or specific offerings.
Risk Export
March 1, 2013 Suresh KrishnanLooking beyond “non-admitted prohibited,” it is time to focus on how risk is “exported.” Brokers and insurers eager to ensure their clients are in compliance with multinational insurance have traditionally asked whether non-admitted or “unlicensed” insurance is permitted or prohibited in any given country. This is a starting point, but failing to move beyond that point may miss the key part of the analysis.
Marketplace
November 2, 2012 by Canadian UnderwriterCANADIAN MARKET Net income up, loss ratios down Financial results for the Canadian property and casualty insurance sector improved during the first six months of 2012 improved over the same period in 2011, new figures from MSA Research Inc. show.…
Shale Game
August 1, 2012 Angela Stelmakowich, EditorHydraulic fracturing (or “fracking”), a process used in natural gas extraction, is raising a lot of questions about long-term environmental risks. Among these questions is whether or not existing insurance programs are up to the task of covering the risk. Some view the area as full of potential for innovative approaches to covering this type of exposure.
Creative Use of Captives
July 2, 2012 David Gambrill, Senior Editor and Angela Stelmakowich, EditorCanadian corporations are taking a second look at captives, which can offer a number of creative opportunities for furthering an organization’s business objectives.
Protecting Against E&O Claims
June 2, 2012 Frank Cain, Michael Palermo & Associates Insurance Ltd.I would like to comment on the March 2012 Canadian Underwriter article entitled, ‘How Much is Enough?’ When I look at the question, I want to add: “…to avoid underinsurance and a possible broker E&O claim.” The possibility of an…
One-stop Insurance Shopping
August 1, 2011 David Fox, Director, Information Services, Bermuda Insurance Development CouncilThe Tax Information Exchange Agreement (TIEA) has immediately reduced the cost for Canadian companies to gain access to cutting-edge risk management products from Bermuda’s insurance centre.
Honey, I Shrunk the Market
July 1, 2011 David Gambrill, EditorCanada no longer seems insulated from global catastrophes that have shrunk the reinsurers’ pool of capital worldwide over the past two quarters. As a result, primary insurers in Canada may be looking at reinsurance rate increases as of Jan. 1, 2012 renewal season.
Insuring a Good Reputation
April 1, 2011 Erin Flett, Senior Underwriter, Management & Professional Liability, R&Q Risk Services Canada Ltd.As technology advances, so too must insurance coverage of data security and reputational risks.