Risk
The Canadian aviation insurance market is relatively small in the global picture, notes Mike Wills, manager of marine and aviation at Royal & SunAlliance. The Canadian industry’s total aviation net premiums amounted to Cdn$83.8 million for 1997 compared with the previous year’s total of $89.5 million. However, despite its modest size, the Canadian market has […]
December 31, 1998
2 min read
Auto
Dear Sir: I am surprised with your “informative” article on “Containing BROKER MANAGEMENT system costs” (CU, November Issue). I’m surprised that a management consultant wrote this article, without performing any kind of review of most of the options available today in the marketplace. Who actually commissioned this individual? A one “product” evaluation is not a […]
1 min read
Commercial
DCLI Underwriters has issued its first policy under its new program, Defendant’s Commercial Litigation Indemnity (DCLI), president Pierre Gregoire recently told Canadian Underwriter. DCLI insures pending litigation that is either uninsured or underinsured. “In this case, the litigation was totally uninsured,” says Gregoire. “The issuance of the policy ultimately allowed the creditors of a particular […]
Industry
St. Paul Canada recently appointed Brad Tamblyn to the position of assistant vice president-Ontario region, responsible for leading the Corporate Accounts Underwriting team which markets commercial insurance products. Tamblyn has 16 years of experience including a significant background in liability insurance services. The Canadian Insurance Claims Managers Association Ontario Chapter has appointed its 1998/99 executive. […]
Catastrophe losses continued to dampen U.S. property and casualty underwriters’ results for the third quarter of 1998, according to A.M. Best Company. The industry’s net income for the period fell 15% from the previous year’s level, due to higher underwriting losses and declining investment income. The industry’s combined ratio clocked in at 104.2 for the […]
Counting both independent and in-house insurance adjusters among its member base, the Ontario Insurance Adjusters Association (OIAA) requires a special breed of leader. The captain of this team must respect and grasp the sometimes contradictory priorities of its different faction members. Garth Roscoe is the leader as well as referee on the adjusting field.
5 min read
In the early days of environmental underwriting companies were often unaware of the full risk involved. For many companies the risks they took on and subsequent claims were not foreseen. For others, while the possibility of large claims may have been considered, the full consequences of the exposure were not. Investigation and litigation of environmental […]
By Cecil Jaipaul, | December 31, 1998
6 min read
Consolidation and cost cutting became the corporate buzzwords of the 1980s and 1990s, with operators from insurance to retail-chains through to the aviation industry embracing downsizing and cheaper marketing and delivery systems. The aviation business emerged from this process, particularly on the large commercial airline side, with a concentration of ownership at the manufacturing level […]
By Sean van Zyl, Editor | December 31, 1998
7 min read
The recently held Employers Reinsurance Corporation seminar on Y2K risks delivered some serious food for thought. The most startling of the information revealed was delivered by the first three speakers who provided a broad outline of the technology disruption likely to impact not only on financial services but on the global economy as a whole. […]
3 min read
The legislative fine-tuning of Ontario’s auto insurance product under Bill 59, which carried through last month with the passing of Bill 90, was generally lauded by insurance, legal and medical professionals at a review seminar held by the Insurance Institute of Ontario (IIO). However, property and casualty insurance commentators say that — while Bill 59 […]
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