Industry
St. Paul Guarantee Insurance Company (Travelers) has introduced a new policy to give added protection to investment advisers, mutual funds and hedge funds for risks associated with providing asset management products and services to investors.”Investment advisers, mutual funds and hedge funds have come under increased regulatory scrutiny over the last few years and, as a […]
By Canadian Underwriter | September 21, 2006
2 min read
Claims
Aviva is one of the corporate donors that is funding international aid agency Oxfam’s initial response operations, which will enable it to deal immediately with disasters whenever and wherever they occur.This includes a global rapid response team of aid workers and the UK’s biggest warehouse with a stockpile of emergency supplies, according to Aviva.According to […]
By Canadian Underwriter | September 20, 2006
1 min read
Max Re Capital Ltd.’s subsidiary, Max Re, has launched an aviaition insurance unit.The aviaition unit, which will be based in the Company’s Dublin office, will be led by senior vice-president Olivier Marre. Previousy Marre the was general manager of underwriting, accounting and claims of Paris-based insurer La Reunion Aerienne.Max Re’s aviation unit will offer aviation […]
Lloyd’s of London recently commemorated Sept. 11, 2001, noting how the event changed the entire face of the insurance industry.Benfield chief executive Grahame Chilton noted the effects of 9-11 on the insurance industry during Rendez-Vous, an event that marks the beginning of the annual negotiation process prior to renewals agreed. “You cannot forget the tragic […]
Over the next 15 years, risk managers may be looking more towards credit financing as a means to backstop major catastrophes, rather than relying on more traditional forms of insurance or reinsurance, a panelist told participants at the 2006 RIMS Canada conference in Calgary. Felix Kloman of Risk Management Reports observed at the conference that […]
Risk
Kim Hunton of Ottawa is the 2006 recipient of RIMS Canada’s Donald M. Stuart Award, established in 1979 to recognize outstanding contributions to the field of risk and insurance management in Canada.Hunton received the award at a special awards presentation at the 2006 RIMS Canada Conference in Calgary. In a speech, Hunton said she was […]
By Canadian Underwriter | September 19, 2006
Companies attempting to optimize their reinsurance programs are turning to reinsurance modeling more and more, A.M. Best reports.The ratings agency notes Raju Bohra, a senior vice president at Willis Re Inc., made the observation at the 111th National Association of Mutual Insurance Companies convention in Tampa, Florida.A.M. Best reports Bohra as saying that “reinsurance optimization […]
Desjardins Group, an integrated financial group in Canada that includes life and general insurance services, has renewed its service agreement with Bell Canada.The new agreement, valued at approximately CD$670 million, will go into effect Jan. 1, 2007. It states Bell will continue to provide Desjardins with communications services, payment services and call centre services until […]
New Brunswick’s Liberal Party, led by Premier Shawn Graham, has been elected to government, raising the question of what — if anything — will happen next regarding the introduction of public auto insurance in the province.Graham’s party came to power winning 29 of the province’s 55 seats. He defeated former premier Bernard Lord, whose Conservative […]
Once again the bar measuring the success of the annual RIMS Canada Conference has been raised with a record registration number of 699, secretary of the RIMS Canada Council Bruce Tainsh told the audience at the 2006 RIMS Canada Conference in Calgary.This success exemplifies the early success of RIMS Canada Council’s (RCC)’s new ten-year strategic […]
By Canadian Underwriter | September 18, 2006
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