Claims
With additional information regarding claims and losses resulting from this years three major hurricanes flowing through the pipelines, many insurers and reinsurers are updating their loss forecasts associated to Hurricanes Katrina, Wilma and Rita.Kiln P.L.C., which operates Lloyd’s of London syndicates 308, 510, 557 and 807, says the pretax cost of the hurricanes may range […]
By Canadian Underwriter | December 1, 2005
2 min read
AIR Worldwide Corporation recently released a white paper ‘Terrorism Risk Assessment: Best Practices for Insurers and Reinsurers’ that reviews current methodologies that insurers and reinsurers use to aid in the assessment and management of terrorism risk. The paper reviews three approaches for terrorism risk management and addresses the best practices for exposure data collection and […]
Risk
Continuing to strategic move to strengthen its presence in key North American markets, Willis Group Holdings (NYSE: WSH) recently expanded its Canadian operations into Vancouver, BC. Willis recently welcomed Maurice Gesner, Sandie Morton, and Chris Zuberec to its growing Vancouver practice.Boasting over 29 years of claims experience specializing in Marine losses, Gesner joins the Company […]
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Optimum General Inc. (TSX:OGI.SV.A) recently merged two of its property and casualty insurance subsidiaries Optimum Frontier Insurance Company (Ontario) and Optimum Insurance Company Inc. (Qubec). The company that will represent the merging of these two subsidiaries Optimum Insurance Company Inc., and its French version Optimum Societe d’Assurance inc. will be governed by the laws of […]
By Canadian Underwriter | November 30, 2005
1 min read
Industry
Now that the NHL season has begun in earnest, let me ask brokers what the selling process more closely resembles – figure skating or hockey? I believe many salespeople think of it as a graceful solo sport. Here’s what often happens. You do your routine, hoping your technical skills will impress the judges. After your […]
By Randy Schwantz, President of The Wedge Group | November 30, 2005
4 min read
Insurers and policyholders need to make sure they both understand what they mean when they use the term "value." A plethora of Canadian court cases indicates the term may not have as obvious a meaning as we would like to believe...
By Frank Cain, Michael Palermo & Associates Insurance Ltd. | November 30, 2005
6 min read
TIC Celebrating 50 Years
November 30, 2005
CEOs of Canadian primary insurers are calling in 2006 for a steady course on pricing and “responsible” underwriting in response to their two biggest issues of the year – replenishing capital in the aftermath of US hurricanes and Canadian auto rate reforms. The CEOs were asked to predict and discuss their top trends for 2006 […]
19 min read
Plowed under by the recent hard market, snowmobilers and their provincial associations have slammed into insurance affordability and availability issues. Snowmobile associations say solutions must go beyond insurance to address risk management and legal liability protection for trail volunteers.
By Craig Harris | November 30, 2005
9 min read
The recent launch within the past six months of Integro is a little like witnessing the Big Bang Theory of the insurance industry during the new millennium. Integro, a global commercial brokerage that focuses exclusively on complex institutional risks, is a new kid on the block in Canada. Integro president and chief operating officer Peter […]
8 min read
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