Industry
NEW ORLEANS, La. – Technological advancements in aircraft are part of the risk management process and risk management professionals need to keep up to speed with all lines as they develop, suggest two senior officials with Aon Risk Solutions. “Cyber is a growing area of concern from a safety and financial aspect,” Peter Schmitz, chief […]
By Canadian Underwriter | April 29, 2015
2 min read
NEW ORLEANS, La. – A focus on the “here and now” could prove disruptive to the organizational strategies of companies, at least on the short-term horizon, perhaps highlighting the importance of aligning strategy and what risk management is being asked to do, suggests a new report released Monday at the RIMS 2015 Annual Conference & […]
By Canadian Underwriter | April 28, 2015
7 min read
OSHAWA, Ont. – General Motors Canada says it plans to hire more than 100 software and controls engineers to support its development of the “connected car.” The auto manufacturer is making the move as part of a plan to expand research into technologies that link vehicles to the Internet. The “connected car” is a common […]
By The Canadian Press | April 28, 2015
1 min read
HALIFAX – Another class-action lawsuit has been filed on behalf of passengers involved in a plane crash at Halifax’s airport last month. Halifax law firm Wagners and the British Columbia-based Camp, Fiorante, Matthews and Mogerman filed the lawsuit Tuesday in the Nova Scotia Supreme Court. The statement of claim says lead plaintiffs Kathleen Carroll-Bryne, Asher […]
Marsh LLC, a provider of insurance broking and risk management, announced on Monday the launch of Marsh Cyber Monitor and Marsh Cyber View, two new cyber risk assessment services to help the risk management community effectively understand, measure, and manage their cyber risk. Marsh Cyber Monitor enables companies to understand their cyber risk by examining […]
Global insurers’ satisfaction level with their enterprise risk management performance grew by 10 percentage points over the last two years, according to a survey released on Tuesday by global professional services company Towers Watson. The 10 percentage point increase was highlighted by a 16-percentage-point increase in Asia Pacific (51% vs. 35%), though it was less […]
3 min read
Commercial insurance carrier and reinsurer PartnerRe Ltd. released Monday its financial results for the three months ending March 31, reporting a 2% drop in net premiums earned, a 1.1-point improvement in its combined ratio and a 20.8% drop in net income. Pembroke, Bermuda-based PartnerRe has a branch office in Toronto and is licensed to write […]
4 min read
The Co-operators and Sunshine Coast Credit Union (SCCU) announced on Monday that they have entered into an arrangement to provide clients and members with more convenient access to each organization’s products, services and expertise. The Co-operators has relocated its advisor’s office in Gibsons, British Columbia to be side-by-side with SCCU’s Gibsons branch and head office, […]
By Canadian Underwriter | April 27, 2015
NEW ORLEANS, La. – Janice Ochenkowski, international director of global risk management for Jones Lang LaSalle in Chicago (pictured below), was honoured today with the Harry and Dorothy Goodell Award. Named for the first president of RIMS, the risk management society – and viewed as the society’s most prestigious honour – the award pays tribute […]
NEW ORLEANS, La. – The key to preparing risk managers for the uncertainties that lie ahead can be found in strengthening their greatest asset: their networks, Rick Roberts, president of RIMS, the risk management society, said Monday. Speaking during the opening session of the RIMS 2015 Annual Conference & Exhibition in New Orleans – itself […]
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