Risk
Claude Dussault is retiring from his post as president and CEO of effective Jan. 1, 2008. He will become chairman of the company after being elected by the ING Canada board. “Claude has been the main architect of our growth strategy,” Yves Brouillette, chairman of the ING board, said in a release. “Under his tenure […]
September 30, 2007
7 min read
McLarens Canada, a global claims management firm, and Demers Zajac Vena Insurance Adjusters Inc. have formed a partnership between their respective firms effective Sept. 14, 2007. Demers Zajac Vena Insurance Adjusters Inc. is a commercial loss-adjusting group founded in Montreal in 1987. Its president is John Vena. Together with its private equity partner, Granite Partners, […]
1 min read
Reinsurance and risk intermediary Benfield and reinsurer Partner Re have collaborated to produce the Hazard & Risk Science Review 2007, summarizing research findings and conclusions of hazard and risk science papers published in the last 12 months that are most relevant to the insurance and resinsurance markets. Among the many debates cited in the review, […]
2 min read
The Canadian insurance industry needs to strive for pricing consistency, Richard Ward, Lloyd’s CEO, told an audience at the Risk and Insurance Management Society’s conference in Halifax. For the third year in a row, Lloyd’s underwriters have said that cycle management and profitable underwriting are the insurance industry’s top challenges, Ward said, noting the recent […]
Sixteen insurers and reinsurers are leading a major initiative called ClimateWise, which encourages more climate-friendly customer behaviour. Leading global insurers, reinsurers, brokers and Lloyd’s of London developed the principles behind ClimateWise to promote climate change. The principles are intended to enable companies and organizations throughout the world to add climate change into their operations. They […]
The world’s largest businesses are not prepared for the effects of a looming water shortage, according to research sponsored by the newly-established Marsh Center for Risk Insights. Marsh Inc., a global insurance broker and risk advisor, formed the Marsh Center for Risk Insights as a working forum for experts to identify, debate and tackle critical […]
Out of 241 global insurers and reinsurers ranked in Standard & Poor’s (S&P’s) first enterprise risk management (ERM) scorecard, 81% of insurers and reinsurers received an “adequate” ranking for their ERM programs in 2006, whereas only 3% received an “excellent.” Thirty-eight per cent of the companies surveyed received a grade of strong (35%) or excellent […]
Risk managers must be aware of the political ramifications in implementing an enterprise risk management [ERM] program, Susan Witcraft, managing director of Guy Carpenter & Company LLC’s Instrat Team, Mid-America Region, told attendees of Guy Carpenter’s ERM seminar in Toronto. When developing and implementing an ERM program, four areas need to be considered: politics, organization, […]
In response to the aggressive marketing approaches of online and direct writers, the independent channel is planning to be more aggressive about promoting its advisory role to the public.
By David Gambrill | September 30, 2007
15 min read
Rodney Hancock, IBAO incoming president, has a long road ahead of him to tackle issues of brokerage ownership and succession, but he's confident that in the coming year the association will be well on its way.
By Vanessa Mariga | September 30, 2007
6 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
