Risk
Part I of a two-part series; This is the first part of a two-part series summarizing recent regulatory developments relating to reinsurance. The first part, published below, analyzes a draft of Guideline B-3-Sound Reinsurance Practices and Procedures. The second part, to be published in October 2010, will look at Draft Guidance for Reinsurance Security Agreements, which establishes a new regime for obtaining a capital/asset credit in connection with unregistered reinsurance.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 | August 31, 2010
7 min read
Opinion/Analysis; Increasing water damage is going to challenge the insurance industry to become more innovative.
By Blair MacLeod | August 31, 2010
5 min read
New expectations borne from the global financial crisis are spurring several trends in risk management, including the hiring of chief risk officers, the creation of independent risk committees at the corporate governance level and more comprehensive stress testing of companies' financial strength. Some, but by no means all, insurers are leading the way in creating a new corporate culture of risk.
By Craig Harris | August 31, 2010
14 min read
Solid investigation procedures and negotiating site access are among several key elements in the effective handling of a builders risk claim.
By Brian Lloyd | August 31, 2010
Industry
Opinion/Analysis; In condo and other lines of insurance, it is extremely important to ensure proper coverage in anticipation of a possible event.
By J. Alvin Speers, Author | August 31, 2010
2 min read
20-20 Vision CARSTAR Industry Conference 2010; Collision repair centres need to adapt to consumers' changing expectations about service. This might involve recognizing consumer confusion related to Ontario's new auto insurance reforms.
By David Gambrill, Editor | August 31, 2010
4 min read
A lot of information required to maximize the efficiency of a brokerage is already located in the brokerage's BMS -- it's just a matter of leveraging technology to employ it.
By Pat Durepos | August 31, 2010
6 min read
Insurance Bureau of Canada (IBC) applauds the leadership of municipalities in adapting to climate change by taking steps to reduce water damage.
By Mary Lou O'Reilly | August 31, 2010
1 Elliott Special Risks LP (a Markel International company) has announced a series of appointments and promotions. They include: • Isabel Treggia 1[a], senior underwriter; • Colleen Kenny 1[b], property underwriter; and • Bob Bousfield 1[c] has been promoted to assistant vice president. 2 Marsh has appointed Gerry Russ 2[a] as its managing director and […]
August 31, 2010
The Toronto Insurance Women’s Association (TIWA) celebrated summer in style with their 7th Annual Summer Social (formerly Pub Night) on July 8. Insurance industry guests enjoyed a summer evening at Fionn McCool’s in downtown Toronto. See all photos from this event at www.canadianunderwriter.ca/gallery
1 min read
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