Risk
1 CNA Financial Corporation announced in August that John Hennessy [1a] will take on duties as president and chief operating officer (COO) of CNA Canada, effective September 15. Hennessy replaces Gary Owcar, who has led CNA Canada since 2009 and is retiring. Hennessy, most recently chief executive of CNA Europe, has previously held roles at […]
July 31, 2014
4 min read
In times of change, it is best to be ready to respond to whatever form that change may take. For reinsurers, ever-present developments and ever-increasing competition could mean rethinking the approaches they take in the wake of stubborn downward pressure on pricing.
By Angela Stelmakowich, Editor | June 30, 2014
12 min read
Many new developments on the global terrorism stage have come to light in 2014. Understanding insurgent capabilities is a core driver of risk management when discussing both the evolving terrorism risk and (re)insurance market, and the protection of sovereign interests.
By Max Aronchick, Assistant Vice President; Peter J. Askew, Managing Director and Syzan Talo, Senior Vice President, Treaty Broking Guy Carpenter | June 30, 2014
6 min read
The one-year anniversary of the deadly derailment in Lac-Mégantic, Quebec is upon us, bringing with it new and planned federal requirements meant to inject greater safety into Canada’s rail system and perhaps afford some healing to those living with the aftermath of a tragedy. Federal transport minister Lisa Raitt said in late June that new […]
3 min read
With climate change making weather patterns less predictable and severe weather becoming more frequent, access to real-time flood information offers property and casualty insurers a way to conduct thorough risk analyses and determine long-term strategies.
By Steve Sigal, Vice President of Product Management, DMTI Spatial | June 30, 2014
Addressing employee fraud is like navigating a legal minefield. Although the motivation for employee fraud, theft and dishonesty is much the same as it has always been, the medium through which these acts are committed is drastically different today, with technology affording greater opportunity for perpetrators.
By Cherrine Chow, Associate; and George Avraam, Partner; Baker & McKenzie LLP | June 30, 2014
1 Peace Hills Insurance recently announced the retirement of president and chief executive officer Diane Brickner [1a], who joined the company more than 30 years ago. Among others, Brickner is a member of the boards of the Property and Casualty Insurance Compensation Corporation and the Insurance Bureau of Canada. As of January 1, 2015, Gene […]
June 30, 2014
Cyber insurance coverage is entering the next phase in its evolution from optional add-on product to increasingly important component of a thorough risk management program. As high-profile data security breaches grab top headlines, more organizations are having the "cyber talk" with their brokers and insurance partners. The pace of product adoption, however, is slow grind rather than big bang.
By Craig Harris, Freelance writer | May 31, 2014
15 min read
Canadian auto insurers have been slow to embrace usage-based insurance (UBI), but telematics is only the beginning of a data-driven revolution that is poised to transform insurance. Insurers would be well-advised to develop UBI offerings now to seize an advantage and remain competitive in future.
May 31, 2014
One goal for Ted Harman - who keeps himself busy running a brokerage in Montreal while also serving local, provincial and national organizations - is to make it easier for brokers to send data from their computer systems to those of insurers.
By Greg Meckbach, Associate Editor | May 31, 2014
5 min read
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