Risk
One distinguishing aspect of the current insurance market cyle is that reinsurers are attempting to defy the common gravitational pull in a soft market towards lowering premium rates. Reinsurers have thus observed an widening gap between their own rates and those of primary insurers .
By David Gambrill | June 30, 2008
15 min read
A nuclear insurance pool has existed in Canada since the mid-1950s. Although the pool is well-capitalized, an optimum spread of risk calls for more insurers to participate
By Colleen DeMerchant Assistant Manager, Nuclear Insurance Association Of Canada | June 30, 2008
6 min read
The use of parametric indices in catastrophe bonds could address the fundamental tension between transparency in the bond structure and the hedging of basis risks
By John Stroughair Vice President, RiskMarkets, Risk Management Solutions, Inc. Ben Brookes Director, R | June 30, 2008
4 min read
A catastrophe bond, usually abbreviated as a ‘cat bond’ is a mechanism for transferring insurance risk to the capital markets. The cat bond is issued by a Special Purpose Vehicle (SPV) established to support the transaction; the sponsor transfers risk to the SPV through a reinsurance arrangement. The SPV funds itself by issuing a cat […]
June 30, 2008
1 min read
Enhancements to tornado, hail and earthquake models are on the horizon, but whether or not Canada will ever have an overland flood model remains to be seen
By Vanessa Mariga Associate Editor | June 30, 2008
Home
As claims for environmental contamination increase, insurers would do well to mitigate their exposure to litigation by paying close attention to reporting requirements
By Nadia M. MacPhee Associate, Barry Spalding Barry Spalding Is A Member Law Firm Of The ARC Group Of C | June 30, 2008
5 min read
1 In the most recent Canadian Underwriter online poll we asked: “Have insurance companies managed the market cycle well over the past 12 months?” Only 29.41% are confident insurers have held the line on underwriting discipline. The other 70.59% felt insurers have failed to manage the market cycle well over the past year. 2 Les […]
Re: Canadian Underwriter, May 2008, " Need for Speed"
By Donna Boutilier Executive Officer, Nova Scotia Insurance Review Board | June 30, 2008
2 min read
Industry
XL Capital Ltd. celebrated its third annual Global Day of Giving on May 21. XL’s Toronto staff gave a hand to More Than Child’s Play, a resource centre for new immigrant families, and the North York Women’s Shelter. In Montreal, XL helped Moisson Montreal, Canada’s largest food bank.
The Insurance Institute of Ontario –CIP Society presented its 4th annual ‘Symposium 2008′ on April 29. More than 200 industry professionals attended the event, entitled ‘Emerging Landscapes: Insurance, Finance and Media.’ The event featured an industry leadership panel, including: Dan Courtemanche, president and CEO of GCAN Holdings Inc.; David Gambrill, editor of Canadian Underwriter magazine; […]
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