Claims
Guy Carpenter & Company, Inc., a global risk and reinsurance specialist and a part of the Marsh & McLennan Companies (NYSE: MMC), and affiliate of Guy Carpenter MMC Securities Corp., recently published their fourth annual joint study of natural catastrophe bond transaction activity, trends and market dynamics, which cites unprecedented growth across the catastrophe bond […]
By Canadian Underwriter | February 28, 2006
3 min read
Industry
Anthony Clark International Insurance Brokers Ltd. (TSX:ACL) has appointed Robert M. Sadleir to the Corporation’s board of directors. Sadleir is a chartered accountant and vice-president finance for Cal-Gas Inc. Sadleir offers knowledge and experience in the areas of finance, corporate strategy, and general business operations. Anthony Clark is a general insurance broker and has expanded […]
1 min read
Shareholders of Swiss Reinsurance Co. (RUKN.VVX) recently approved the creation of up to $7.8 billion in fresh equity capital that will be used to finance the acquisition of GE Insurance Solutions, the reinsurance unit of General Electric Co (GE). Chairman of the board of directors Peter Forstmoser says the vote indicates that shareholders are convinced […]
By Canadian Underwriter | February 27, 2006
In a report released Feb. 27, “DNA for Peace: Reconciling Biodevelopment and Biosecurity,” experts at the Canadian Program on Genomics and Global Health (CPGGH), part of the University of Toronto’s Joint Centre for Bioethics (JCB), calls for a global network of scientists to keep vigil against the misuse of biotechnology science and therefore counter bioterrorist […]
Guy Carpenter & Company, Inc., a global risk and reinsurance specialist, has announced the development of a new online risk management platform, i-aXs, that is designed to reduce risk management analysis and reporting times from weeks to mere minutes.The new online technology provides insurance executives with the ability to leverage vast data repositories for better […]
2 min read
The Co-operators, have provided financial support to the Infant and Toddler Safety Association’s (ITSA) volunteer telephone hotline so that the Kitchener, ON-based, volunteer-run charity can, starting this month, offer expert child safety advice through their toll-free service. The Co-operators financial support to ITSA this year will total approximately $25,000, including the cost of the new […]
Even though underwriting results for property and casualty companies globally have improved markedly over the past few years, the ongoing challenge of attaining ultimately adequate reserves remains, according to a recent report by Standard & Poor’s.”Insurers and reinsurers appear no closer now than they were a year ago to achieving full reserve adequacy for 1997-2001 […]
By Canadian Underwriter | February 24, 2006
In anticipation of the conclusion of TRIA’s extension in 2007, Aon Risk Services has been encouraging clients to maintain their relationships with insurers in the stand-alone terrorism insurance market, or with those that build added protection into their all-risks policies by guaranteeing ‘full term’ TRIA coverage even if the act expires before the policy does, […]
Home
Canada’s home, car and business insurers, along with Operation Red Nose and the Ontario Safety League, presented a cheque for $4,213.50 to the Women in Insurance Cancer Crusade (WICC).The money was raised by Operation Red Nose in Halifax, Nova Scotia and Newmarket, ON during the last Christmas season. Operation Red Nose is a designated-driver service […]
About 400 natural catastrophes and man-made disasters in 2005 accounted for 97,000 deaths and damages totalling more than US$230 billion, according to a Swiss Re report. Insurance covered about one third, or US$83 billion, of the damages. In the previous year, insured catastrophe losses had amounted to US$48 billion. “[Year] 2005 turned out to be […]
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