Industry
Hub International Limited (NYSE:HBG)(TSX:HBG) is reporting a fourth-quarter revenue of US$114.1 million up 12% from US$101.5 million in the same period of 2004. For the year, net earnings from continuing operations were flat on a 25% increase in revenue. Results for both the quarter and the year include the impact of a compensation charge related […]
By Canadian Underwriter | March 1, 2006
2 min read
Claims
The Institute for Catastrophic Loss Reduction (ICLR) is holding a Friday Forum workshop on March 24, 2006 from 1:30pm to 3:00 pm at the Insurance Bureau of Canada, which will feature Staff Sergeant Robert Cousineau of the Ontario Provincial Police. The focus of the workshop relates to an initiative that was created in response to […]
Fairfax Financial Holdings Ltd. has reported a net loss of Cdn$318.1 million in the fourth quarter of 2005 and Cdn$497.9 million for 2005. The Toronto-based company says damages caused by Hurricanes Katrina, Rita and Wilma resulted in a loss of Cdn$249.5 during the fourth quarter and Cdn$715.5 million for the entire year. Despite the losses, […]
February 28, 2006
1 min read
Swiss Reinsurance Co. has reported a 7% improvement in its economic profit due to focus on technical profitability and its volume of business written has grown to 9.3 billion Swiss francs (US$7.1 billion) in its January non-life contract renewals. Michel Lis, head of client markets, says Swiss Re’s financial strength has enabled the reinsurer to […]
Risk
In July 2001, a number of insurers and reinsurers signed an agreement with leaseholder Larry Silverstein to insure the World Trade Center. Two months later, a hijacked commercial airliner slammed into the north tower of the twin skyscraper structure. Eighteen minutes later, a second hijacked plane slammed into the south tower. Both towers ultimately collapsed […]
By David Gambrill, editor | February 28, 2006
3 min read
Braving a sequence of scandals and severe storms, risk managers are focusing on apparently stable market conditions.
14 min read
Incoming RIMS president Michael Liebowitz seeks to improve quality through industry-wide consensus
7 min read
Preparing your risk management policies for trial
By Craig Harris | February 28, 2006
10 min read
How the tools of corporate finance can aid risk managers
By William K. Chan, and Dr. Ryan B. Lee | February 28, 2006
8 min read
Periodically critics have questioned the adequacy of the way international insurers are regulated. The perception is that domiciles that encourage the business of international insurance – including those special purpose insurers referred to as “captives” – have inadequate regulations. The regulation of international reinsurance has also come under recent scrutiny, with the introduction of a […]
By Kate Westover, Vice President, Innovative Captive Strategies Inc. | February 28, 2006
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