Risk
Disaster Kleenup International (Canada) Ltd. enjoyed a fun-filled night of fantastic fireworks and good food on July 6 at the second annual Wind * Water * FireWORKS Toronto harbour boat cruise. Cruising the Toronto Harbourfront on the Captain Matthew Flinders, members and guests enjoyed drinks, dinner, dancing and the spectacular fireworks display presented annually by […]
August 31, 2006
4 min read
Crawford Adjusters Canada welcomes John Taylor as vice president, human resources and training. Taylor began his career as an independent insurance adjuster at Crawford after graduating from Wilfrid Laurier University’s Bachelor of Business Administration program in 1986. He worked as an all-lines adjuster in the firm’s Guelph branch upon graduation and was appointed branch manager […]
5 min read
Saskatchewan drivers who have had their licences suspended for the first time due to a Criminal Code conviction continue to drive without their licences or insurance, according to a study conducted by Synectics Transportation Consultants Inc. (Synectics). Saskatchewan Government Insurance (SGI) cooperated with Mothers Against Drunk Driving (MADD) Canada and Synectics in the study. “This […]
2 min read
Industry
Munich Re, Swiss Re Group, Berkshire Hathaway Group, Hannover Re and Lloyd’s of London are A.M. Best’s Top 5 reinsurers in 2006, based on consolidated gross premium written in 2005, according to the ratings agency. “Ranked by 2005 gross written premium in U.S. dollars, 2006’s Top five groups accounted for 52% of the total gross […]
1 min read
Underwriting within the Canadian commercial property segment during 2005 saw a sharp increase in net loss ratio, dampening overall industry results.Events that contributed to the poor results include the Suncor Oil Sands Facility and increased storm activity throughout the country including a catastrophic storm in Ontario, according to A.M. Best Ratings Co. Additionally, A.M. Best […]
By Canadian Underwriter | August 31, 2006
Claims
Robert E. (Bob) Gallagher, chairman of the board of Arthur J. Gallagher & Co., passed away following a brief illness. Gallagher, 83, joined his father’s insurance agency in 1947 after graduating from Cornell, working alongside his two brothers. In 1963, he was named president and CEO of Gallagher. The company went public in 1984 and, […]
Canadians are being urged to review their travel plans and take necessary precautions when visiting regions forecasted to be affected by hurricanes.The warning comes from The Honourable Peter MacKay, Minister of Foreign Affairs and Minister of the Atlantic Canada Opportunities Agency, whose announcement was made in response to the potential damage of Ernesto. MacKay told […]
By Canadian Underwriter | August 30, 2006
A recent report published by an assembly of global fire ecologists indicates recent climate change will hinder our ability to manage wildland fire and apply prescribed fire across the landscape.The Association for Fire Ecology’s report, “San Diego Declaration on Climate Change and Fire Management,” says that considering future drought and high heat scenarios it is […]
Information and Privacy Commissioner Frank Work has upheld the decision of Alberta Finance (the “Public Body”) to refuse access to the draft KPMG actuarial report that helped set the rate for basic automobile insurance in 2003. A press release from the Office of the Information and Privacy Commissioner of Alberta indicates that, “the Applicant had […]
By Canadian Underwriter | August 29, 2006
FM Global privately placed its second US$300 million catastrophe bond, in response to the increasingly unusual earthquake activity in the U.S. and Canadian Pacific Northwest regions. Aon Capital Markets served as lead manager to place the most recent cat bond.FM Global says it placed its first US$300 million catastrophe bond in June 2005.”The catastrophe bond […]
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