Industry
Canadian legal expense insurance risks not large enough to qualify for a binding authority can now be placed at Lloyd’s of London by Lloyd’s-approved Canadian brokers.Endeavour Insurance Services now has a line slip designed for small group legal expense risks that are not large enough to qualify for a binding authority.“This facilitates the placement of […]
By Canadian Underwriter | October 5, 2009
2 min read
The Number 1 benefit and driving force behind the use of risk technology is achieving accuracy and reliability of data, according to a survey of 435 risk professionals from 45 countries.Aon eSolutions 2009 Global Risk Technology Survey shows how organizations are implementing, using and benefiting from their risk management information systems (RMIS), helping to shape […]
The CIP Society has announced eight leaders to be recognized in the inaugural awarding of the National Leadership Awards. The recipients have been recognized by their peers for their contribution and affect on the property and casualty community. Established Leaders recipients are Andrew Janzen, Carla Blackmore, H. Ross Totten and Patrick McNally. Emerging leaders are […]
By Canadian Underwriter | October 2, 2009
1 min read
Amendments to Part XIII of the federal Insurance Companies Act make it easier for a bogus insurer to operate outside the Canadian regulatory regime and yet do business in Canada, said Alan Clark, superintendent of the Financial Institutions Commission of British Columbia (FICOM).Clark spoke as a panel member at the session, ‘Market (Mis)Conduct – Shades […]
Canada’s recession is over, although it probably won’t feel like that for some time, economist Dr. Christopher Probyn told people attending the National Insurance Conference of Canada (NICC) in Ottawa.Probyn, chief economist of State Street Global Advisors in Boston, said the North American markets are healing in the wake of the U.S. mortgage crisis that […]
Given the ongoing deterioration of Ontario auto insurance results, Facility Association is looking at a potential situation in 2010 that might “look and feel a lot like 2003,” Rob Wesseling, an immediate past chair of FA, told the National Insurance Conference of Canada (NICC) in Ottawa.”Individual insurer results may finally have gotten bad enough that […]
By Canadian Underwriter | October 1, 2009
3 min read
If there was a major catastrophe loss in today’s marketplace it’s unlikely that the reinsurance industry would be able to raise new capital following the event to the same extent that it did post hurricanes KRW in 2005, delegates of the National Insurance Conference of Canada were told.During the panel discussion ‘Global Reinsurance – Back […]
Canada’s solvency regulator, the Office of the Superintendent of Financial Institutions (OSFI), is “open for business” when it comes to discussing new risk transfer solutions to weather-related losses, OSFI superintendent Julie Dickson told P&C insurance industry representatives at the National Insurance Conference of Canada (NICC) in Ottawa.Dickson made her remarks while expressing concern about the […]
For insurers, climate change represents a remarkable opportunity to serve property owners concerned about the growing frequency and severity of extreme weather events, according to Paul Kovacs, executive director of the Institute for Catastrophic Loss Reduction. Speaking at the International Cooperative and Mutual Insurance Federation 20009 Biennial Conference in Toronto on Oct. 1, Kovacs set […]
ROLE FOR CANADIAN P&C INSURANCE INDUSTRY IN ESTABLISHING, ENFORCING BUILDING CODES: ICLR An eyewitness inspection of damage done to homes following several tornadoes that hit Ontario on Aug. 20, 2009 has started a discussion about whether or not the Canadian property and casualty insurance has a role to play in raising awareness about Canadian building […]
September 30, 2009
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
