Risk
Governments and (re)insurers need to better collaborate to leverage the industry's risk management expertise and access to capital to lighten the financial burden placed on taxpayers as a result of natural catastrophes.
By Joseph Brandonisio, Senior Vice President, Guy Carpenter; and Glenn McGillivray, Managing Director, Institute for Catastrophic Loss Reduction | October 31, 2015
7 min read
The increase in Canadian enterprises engaged in foreign supply chain procurement has attracted the attention of authorities in pursuing prosecutions under foreign anti-bribery and corruption laws. Are Canadian enterprises and their Boards of Directors aware of the heightened risk associated with these foreign dealings?
By Sean van Zyl, Freelance Writer | October 31, 2015
Recent figures clearly show new opportunities exist for the expansion of trade credit insurance in Canada. With the positive growth trend, which outpaces what is happening worldwide, companies need to be aware of the current conditions, developments and opportunities.
By Russ Parker, Vice President, Trade Credit, PBL Insurance Limited | October 31, 2015
6 min read
Keeping commercial brokers informed of emerging risks and educating new MPs on the Bank Act are key priorities for Sean Duggan, incoming president of the Toronto Insurance Conference.
By Greg Meckbach, Associate Editor | October 31, 2015
5 min read
It may be that it becomes the blast felt around the world. The reverberations from the August 12 explosions in China’s Port of Tianjin – believed to be the result of a warehouse fire that sparked an explosion that then triggered a massive blast – are already being felt with very quick, very real and […]
By Angela Stelmakowich, Editor | October 31, 2015
3 min read
Commercial insurance brokerage Willis Group plc reported a 4.1% increase in third-quarter commissions and fees and net income of $116 million in the three months ending Sept. 30, compared to an $8-million loss in the third quarter of 2014. London-based Willis released Tuesday its financial results for the third quarter. Total revenue for the latest […]
By Canadian Underwriter | October 29, 2015
2 min read
Global reinsurer Swiss Re has reported a 12% increase in net income to US$3.7 billion for the first nine months of 2015, US$1.4 billion of which was earned in the third quarter. Swiss Re said in a statement on Thursday that all business units contributed to this result, with Life & Health Reinsurance in particular […]
Unmanned aerial vehicles, commonly known as drones, can help reduce risk in pipelines and construction, but they also create special cyber risks, a lawyer for Swiss Reinsurance Company Ltd. told insurance professionals Wednesday in Toronto. Photo: Left to right: Brittany Beatty, Tanja Maksimovic and Neelam Vyas, recipients of scholarships from the John E. Lowes Education […]
By Canadian Underwriter | October 28, 2015
4 min read
Nearly nine in 10 (87% of) Canadian businesses have experienced at least one hacking incident in the last year – compared to 69% of businesses in the United States – according to a study of business risk managers released on Wednesday by The Boiler Inspection and Insurance Company of Canada (HSB BI&I), a member of […]
Itasca, Ill.-based Arthur J. Gallagher & Co. (AJG) reported on Tuesday a 9% growth in adjusted revenues for its combined Brokerage and Risk Management segments for the third quarter of 2015 ending Sept. 30. “We had another excellent quarter,” said J. Patrick Gallagher, Jr., AJG chairman, president and CEO, in a statement. “In the third […]
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