Risk
The broker panel at this years Risk and Insurance Management Society Canada Conference in Halifax, Nova Scotia heated up when asked to comment on what has replaced contingency fees, with some suggesting that they are here to stay, and others arguing that focus needs to shift to delivering value.The panel, co-chaired by Kim Hunton, RIMS […]
By Canadian Underwriter | September 17, 2007
2 min read
Zurich is streamlining operations in its Commercial Markets business unit harnessing multiple strengths to provide North American middle market customers and producers better access to comprehensive risk management products and services. We are making a number of important operational and organizational changes to make us even more flexible and responsive to the needs of our […]
By Canadian Underwriter | September 14, 2007
1 min read
Sixteen insurance companies have signed up to be a part of a major initiative to tackle climate change and encourage more climate-friendly customer behaviour. Leading global insurers, reinsurers, brokers and Lloyds of London developed the principles behind ClimateWise to promote climate change. The principles, developed after nine months of intensive activity by a Working Group […]
By Canadian Underwriter | September 13, 2007
Risk managers need to be aware of the political ramifications when implementing an ERM [enterprise risk management] program, Susan Witcraft, managing director of Guy Carpenter & Company LLCs Instrat Team, Mid-America Region, told attendees of Guy Carpenters ERM seminar in Toronto.When developing and implementing an ERM program, four areas, including political, need to be given […]
Property and casualty insurance e-business is a more important element of distribution strategy than it was three years ago, according to a report recently published by Celent.The report is based on survey data from 44 property and casualty insurer executives based in North America. Budget percentages devoted to e-business have remained steady at an average […]
By Canadian Underwriter | September 12, 2007
Of the 241 global insurers and reinsurers evaluated in Standard & Poors (S&Ps) first ERM [enterprise risk management] scorecard, 81% of insurers and reinsurers received an adequate ranking for their ERM programs, and only 3% received an excellent.Of those assessed throughout 2006, 38% of them received a strong (35%) or excellent (3%) grade. Global reinsurers, […]
By Canadian Underwriter | September 11, 2007
Integro Ltd., has expanded their operations to the West Coast with the opening of a Vancouver office, the firms third location in Canada.The four individuals hired to run the office all joined Integro from Marsh Canada, an Integro release says.They are: Michael Baddeley, principal, who served his previous firm as senior vice president specifically focused […]
By Canadian Underwriter | September 7, 2007
The Co-operators has launched an insurance and risk management solution designed to address the challenges affecting the Alberta non-profit and volunteer industry. Community Guard, launched with the support of Volunteer Alberta, is a pilot project available to non-profit and volunteer-run organizations in Alberta. Community Guard offers insurance protection, as well as detailed assessments of each […]
By Canadian Underwriter | September 6, 2007
Benfield has launched a new division within Benfield Advisory, for all forms of non-traditional risk transfer solutions, including sidecars, cat bonds, industry loss warranties (ILWs), collaterized reinsurance and other indexed linked securities.With the convergence of the capital and reinsurance markets accelerating almost daily, the launch of a dedicated Capital Markets Division within Benfield Advisory is […]
By Canadian Underwriter | September 4, 2007
The Ontario government has expanded its crackdown on street racing, increasing the maximum fine to Cdn$10,000 and widening the definition of the crime in an effort to curb dangerous driving. The definition of a “stunt” will include driving at 50 km-h or more above the posted speed limit, a press release from the Ministry of […]
August 31, 2007
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