Industry
Canadian homes and businesses are undervalued by about Cdn$11 billion. Insurers, brokers, vendors and reinsurers are all realizing it's time to stop finger-pointing and fix the insurance-to-value (ITV) problem
By Craig Harris, Freelance Writer | October 31, 2008
10 min read
A. M. Best Review and Preview Conference; A. M. Best says Canadian P&C market is well-positioned to negotiate what is expected to be a protracted de-leveraging process in the market.
By Vanessa Mariga, Associate Editor | October 31, 2008
3 min read
The National Insurance Conference of Canada (NICC) chose Women in Insurance Cancer Crusade (WICC) as its official charity for the 2008 conference held in October. As part of this partnership, WICC Quebec Chapter held a fundraising silent auction at the NICC, raising Cdn$6,000. Including donations made on behalf of speakers, roughly $11,000 was donated to […]
October 31, 2008
1 min read
With market turmoil top of mind, the NICC served as a launching pad for analysis and in-depth discussion about the impact of the credit crisis on the Canadian market; what can be done to mitigate damage; and what changes are needed moving forward in order to guarantee the health of the Canadian insurance industry. The […]
The 2008 RIMS Canada Conference started off with a bang on Sept. 20, with separate dinners hosted across Toronto by Cunningham Lindsey Canada, Crawford & Company (Canada), McLarens Canada and Quelmec Insurance Adjusters. The Saturday night dinners led delegates to GCAN’s Casino Night held at Canada’s National Ballet School. The next morning, conference delegates started […]
Nightlife at the RIMS Canada Conference got a dose of sweet, and a dollop of rock ‘n roll. On Sunday night, delegates enjoyed Willis Canada’s sweet Chocolate Decadence. The night afterwards, Polson Pier (the Docks) set the stage for Sedgwick Pub Night, where Marsh’s own ‘Tabloid’ served up some funk, rock and pop.
Sunday night provided another opportunity for RIMS Canada delegates to splash out with various private functions dotting the city. Catlin Canada painted the town red with their ‘Moulin Rouge -An Evening in Paris’ soiree at Ultra Supper Club. BFL Canada hosted a ‘Vintage Hollywood Gala’ at the Fermenting Cellar in the Distillery District. And guests […]
Toronto certainly earned its nickname ‘Hollywood North’ when the 80 exhibitors at the 2008 RIMS Canada Conference took the Vintage Hollywood theme to the limit. It was all lights, camera and action as industry members got set for their booth close-ups in the Exhibit Hall.
Standard & Poor’s has distinguished between other-than-temporary-impairments (OTTI) and fixed maturity portfolios when gauging the potential impact of unrealized losses on insurers’ financial and credit ratings.The recognition of OTTIs is more likely to signal a true economic loss and result in negative rating actions, the ratings agency notes. On the other hand, in fixed-maturity portfolios, […]
By Canadian Underwriter | October 31, 2008
2 min read
Fairfax Financial Holdings Limited (TSX: FFH) reported a 2008 Q3 net profit of US$467.6 million, an increase from 2007 Q3’s profit of US$253.2 million.These Q3 results include net gains on investments of US$856.8 million and US$274.6 million of net catastrophe losses, a Fairfax release says.Investment gains, the company reported, were based on a net gain […]
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