Risk
Zurich has created a mergers and acquisitions (M&A) unit designed to offer customized products and services to help companies manage M&A transaction-related risks. The unit is part of Zurichs Global Corporate business division and currently fully operational in the U.S.worldwide capabilities will be implemented by 2007 Q4. With the creation of the unit, Zurich is […]
By Canadian Underwriter | July 18, 2007
1 min read
Kroll, a risk consulting company, is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll announced that as part of the strategic alliance, DMC a third-party administrator and solution provider to credit card issuers, financial institutions, insurers and corporate sponsors would market and administer Krolls Identity Theft […]
By Canadian Underwriter | July 17, 2007
Kroll has announced it is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll (a risk consulting company) announced that as part of the strategic alliance, DMC (a third party administrator and solution provider to credit card issuers, financial institutions, insurers and corporate sponsors) would market and […]
As the soft market approaches its fourth year, director and officers, and general liability premiums are dropping in 2007 Q2, while commercial property premiums remain stable, according to The Risk and Insurance Management Society (RIMS) Benchmark Survey and analysis conducted by David Bradford of Advisen.The Benchmark Surveys Q2 reports show that D&O continued to drop, […]
By Canadian Underwriter | July 16, 2007
2 min read
Willis Special Contingency Risks Limited (SCR) is hosting a global Web cast conference call on July 17, 2007, to educate risk managers, corporate risk officers and directors and officers about the risks of international kidnapping and extortion.Movie and television depictions of brittle hostage negotiations and heavily armed, camouflaged rescue teams make for pulse-pounding entertainment, SCR […]
By Canadian Underwriter | July 13, 2007
A new poll by the Traffic Injury Research Foundation (TIRF) shows that nearly 1.3 million Ontarians fell asleep or nodded off while driving at least once in the past year, with 100,000 of these drivers doing so on five or more occasions. The number of fatigued and drowsy drivers in Ontario is a matter of […]
By Canadian Underwriter | July 9, 2007
Canadian champion speed demon Paul Tracy has teamed up with the Insurance Bureau of Canada (IBC) to deliver the message that 220 km-h speeds are suitable for a racetrack, not public roads.If you want to prove yourself behind the wheel, save it for the racetrack, Tracy said in an IBC release. Tracy has joined the […]
By Canadian Underwriter | July 5, 2007
A.M. Best Co. has affirmed the financial strength rating of A (excellent) of Royal Bank of Canada Insurance Company Ltd. (RBCI). RBCI benefits from a very secure equity capital base, a broad geographical spread of risk, which is concomitant with a diverse product mix and ample liquidity, enhanced by the high quality of a prudently […]
The market share of Albertas risk-sharing pools is high by North American standards, standing at at 11.5% on a written exposure count basis and 18.5% on a written premium volume basis, according to Facility Association in its submission to the Alberta Automobile Insurance Rate Board (AAIRB). That puts the market share for Albertas risk-sharing pool […]
By Canadian Underwriter | July 4, 2007
Insurance company finance departments are under pressure to adapt to an increasing number of regulatory changes while at the same time they are morphing from the role of number-cruncher to one of strategic contributor, according to a recent report by KPMG.In its report, Insurance Insights 2007, KPMG Internationals research suggests that 50% of an insurance […]
By Canadian Underwriter | July 3, 2007
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