Industry
Part II of a two-part series; This is the second part of a two-part series summarizing recent regulatory developments relating to reinsurance. The first part, published in the September 2010 edition, analyzed Guideline B-3-Sound Reinsurance Practices and Procedures. The second part, below, considers the Draft Guidance for Reinsurance Security Agreements, which establishes a new regime for obtaining a capital/asset credit in connection with unregistered reinsurance.
By Robert McDowell & Koker Christensen | September 30, 2010
3 min read
Breaking new ground, effective September 2011, brokers' training programs, designations and experience will provide brokers access to an online MBA program offered by Laurentian University.
By David Gambrill | September 30, 2010
13 min read
2010 A.M. Best Market Briefing: Canada; As Canadian property and casualty insurers shore up their personal property lines in response to wind, water and hail claims, Ontario auto results continue to veer sharply toward the curb, with loss ratios now exceeding 140%.
By Vanessa Mariga, Associate Editor | September 30, 2010
5 min read
Research shows that keeping employees engaged is a big part of helping a corporation become more responsible -- and profitable.
By Adrian Hall | September 30, 2010
2 min read
Consumers are increasingly communicating using methods not used by brokers and insurance companies.
By Shannon Major | September 30, 2010
7 min read
The 2010 Canadian Association of Insurance Women (CAIW) AGM & Convention was hosted by the Nova Scotia Insurance Women’s Association and held at the Halifax Marriott Harbourfront Hotel on June 9-13, 2010. The annual convention was an opportunity for CAIW members and guests to network and enhance expertise and knowledge of current industry issues and […]
September 30, 2010
1 min read
The Insurance Brokers Association of Canada (IBAC) held its 2010 Annual General Meeting at the Fairmont Algonquin Hotel in St. Andrews, New Brunswick. Although high winds on the high seas postponed a scheduled whale watching tour on Sept. 17, there was still plenty of action at the conference, including the President’s Dinner and Entertainment on […]
Delegates of the 2010 National Insurance Conference of Canada (NICC), held in Montreal, Quebec, enjoyed the opportunity to share refreshment and conversation during the opening night of the conference and before enjoying the gala dinner. More than $14,000 was raised in lieu of speaker gift donations, in addition to a silent auction and raffle for […]
Lloyd’s of London, a specialist insurance market, has reported a pre-tax profit of $942 million in the first half of 2010, down from a first-half profit of roughly $2 billion in 2009. Lloyd’s combined ratio (COR) in the first half of 2010 was 98.7%, down from the COR of 91.6% reported in the first half […]
By Canadian Underwriter | September 30, 2010
Axa has launched an application, Axa Mobile, designed for use on the iPhone.In the event of an auto accident, the application lets Axa insureds report their claims immediately, record spoken comments and document the event by providing details and photographs, among other things, an Axa release says.iPhone users will also find access to emergency and […]
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