Industry
The risk management profession is evolving from a “defensive” approach to one that must offer broader value for an organization, and successful risk leaders must be adaptive, says a new report from RIMS. The new executive report, The Evolving Role of the Risk Professional, released during the RIMS Canada Conference, looks at the history of […]
By Canadian Underwriter | September 12, 2012
2 min read
The CIP Society has announced five recipients of its National Leadership Awards for 2012. This year’s award recipients are: Established Leaders: Emerging Leaders: The National Leadership Awards were created during the CIP Society’s tenth anniversary to recognize achievement in the Canadian property and casualty industry. Now in its fourth year, it is the only national […]
1 min read
Michel Turcotte, senior director of risk management and insurance at Ivanhoe Cambridge, Inc. in Montreal., has been named the recipient of the 2012 Donald M. Stuart Award. Widely recognized as Canada’s highest honour within the risk management field, Turcotte was presented the award during Horizons: 2012 RIMS Canada Conference in Saskatoon, Saskatchewan on Sept. 11. […]
By Canadian Underwriter | September 11, 2012
Property and Casualty Insurance Compensation Corporation (PACICC) is offering a three-part enterprise risk management (ERM) seminar to its member companies this fall. The seminars will be held at the Toronto head office of KPMG. Members can attend in person or participate via webinar, and are geared toward senior insurance company officers who are directly or […]
Getting a handle on emerging risks that can hit an organization hard is aided by adopting a mindset of pessimism, Susan Meltzer, vice president of enterprise risk management (ERM) for Aviva North America, suggested to workshop attendees at Horizons: 2012 RIMS Canada Conference in Saskatoon on Sept. 10. That pessimism is best applied not only […]
Canada’s federal financial services regulator released its final set of guidelines related to legal requirements, qualifications and peer review for appointed actuaries. Guideline E-15, first issued in 2003, governs, among other things, the process of external peer review, which the Office of the Superintendent of Financial Institutions (OSFI) says has “generally been accepted over the […]
A new report observes that property catastrophe reinsurers deserve their high credit quality rating because of their track record in claims payments, market disclosure and management processes. Aon Benfield’s Credit Risk of Property Catastrophe Reinsurers examines the credit quality of reinsurers since 2000. The reinsurance intermediary of Aon notes that in the past 12 years, only […]
There is a positive side of risk, one that holds the promise of creating value for organizations and contributing to risk management becoming more entrenched in organizational culture and decision-making. That was among the views that Deborah Luthi, president of U.S.-based RIMS and enterprise risk manager for the San Francisco Public Utilities Commission, shared with […]
By Canadian Underwriter | September 10, 2012
Catlin Canada is looking to make it a little easier for students entering the insurance/risk management field of study with its donation of $20,000 to the William H. McGannon Foundation. The official cheque was to be presented during an event at Horizons: 2012 RIMS Canada Conference in Saskatoon, Saskatchewan on Sept. 10. The McGannon Foundation […]
Reinsurer Munich Re expects largely stable rates for contracts up for renewal in January 2013, while Swiss Re and Hannover Re predict moderate price increases for the same timeframe. The three companies announced their outlooks during the reinsurance industry’s annual conference in Monte Carlo, which runs until Sept. 13. Munich Re’s outlook also applies to […]
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