Risk

Moves (November 01, 2007)

Zurich Canada president and CEO Robert Landry will be retiring at the end of this year. Alister Campbell will be appointed chief agent of Zurich’s Canadian operations, subject to board and regulatory approval, a company release notes. Campbell most recently served as senior vice president, planning and communications at ING Canada Inc. “I have great […]

October 31, 2007

6 min read

Views (November 01, 2007)

More than 130 delegates attended A.M. Best Company’s inaugural Review & Preview Conference–Canadian Update in September. Hosted at the Westin Harbour Castle in Toronto, the conference featured interactive discussions with prominent leaders in the Canadian market, as well as A.M. Best’s senior ratings experts to address the issues currently shaping the Canadian insurance industry. *** […]

October 31, 2007

8 min read

North American commercial lines stable, depsite downturn: Moody’s

North Americas property and casualty commercial lines sector remains stable, although a market downturn is already underway, according to an annual report by Moodys Investor Services.Subject to the level of catastrophe activity, the number of rating actions over the next 12 to 18 months is likely to be moderate and should be driven more by […]

By Canadian Underwriter | October 31, 2007

1 min read

Most insurers have sufficient SABS-related policies, controls: FSCO review

Most Ontario auto insurance companies have sufficient SABS-related governance and internal controls, the provinces financial regulator reported in its Statutory Accident Benefits Schedule (SABS) Risk-Based Market Conduct Assessment Report.The Financial Services Commission of Ontario (FSCO) recently posted the aggregate results of its September 2007 market conduct assessment questionnaire to 175 auto insurers. Overall, it found […]

By Canadian Underwriter | October 30, 2007

1 min read