Risk
The Atlantic hurricane seasons of 2004, 2005 and 2006 clearly show the difficulty in predicting the risk volatility of natural hazards
By Dr. Jan Kleinn | June 30, 2007
6 min read
The independent brokers' greatest competitive challenge is against the speed and convenience that the Internet offers consumers
By David Gambrill | June 30, 2007
7 min read
A simple claim isn't so simple anymore when it spans multiple jurisdictions
By Vanessa Mariga | June 30, 2007
Reinsurance has long been an effective means of diversifying risk for property and casualty (P&C) insurance companies in Canada, particularly the risk of large-claim events. Nevertheless, reinsurance risk does exist and it can have important implications in determining the ultimate cost of an insolvency for member insurers. REINSURANCE IN CANADA The Canadian P&C industry is […]
By Darrell Leadbetter, Paul Kovacs (Executive Director), Jim Harries | June 30, 2007
The Insurance Institute has a number of resources available to help recruit fresh new talent into the Canadian P&C industry
By Margaret Parent | June 30, 2007
The Insurance Brokers Association of Canada (IBAC) went to Parliament Hill on June 12 to emphasize the importance of more than 30,000 independent brokers across the country. Members of Parliament and senators met with 50 insurance brokers across the country, as brokers sought to build an awareness of the role they play in small communities […]
June 30, 2007
The Autorit des marches financiers (AMF) has announced the establishment of a Centre of Excellence for Derivatives (CED) to provide Quebec with modern and flexible regulatory instruments that can effectively foster the growth of the derivatives industry in Quebec while protecting investors. A derivative is essentially a financial instrument – traded on or off an […]
By Canadian Underwriter | June 29, 2007
1 min read
Benfield has inked an agreement with Lloyds to provide an extensive range of risk modelling and consulting services to the market and its syndicates. Under the terms of the five-year agreement, Lloyds will license Benfields dynamic financial analysis modelling tool ReMetrica Professional Edition for its own regulatory capital modelling requirements, as well as developing a […]
By Canadian Underwriter | June 27, 2007
Guy Carpenter & Company LLC, a global risk and reinsurance specialist, has appointed a new Head of Office and expanded its office capabilities and resources in the Bermuda reinsurance market. It has been a landmark year for Guy Carpenter, as we have made an enormous investment in the Bermuda marketplace, said Kevin Fisher, the head […]
By Canadian Underwriter | June 26, 2007
2 min read
Contrary to popular belief, the captive market remains underdeveloped and more than half of the world’s top 1,500 companies (G1500) do not currently own a captive, according to research by Aon Global Risk Consulting.This means that insurance buyers within the worlds largest companies are failing to achieve a better quality of cover as well as […]
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