Risk
Canadian insurers must engage in an ongoing dialogue with industry regulators to avoid a “death by best practices,” according to a panelist speaking at the Insurance Bureau of Canada’s sixth annual regulatory affairs symposium in Toronto.Paul Belanger, a partner at Blake Cassels & Graydon LLP, said risk-based regulation is to be applauded when best practices […]
By Canadian Underwriter | October 30, 2006
2 min read
The ARC Group Canada Ltd. celebrated its launch at the Ontario Club in Toronto Oct. 26.The ARC Group is a network of independent law firms across Canada that have joined together to deliver services to insurers, self-insured companies and other entities requiring assistance with various insurance and risk-related legal matters.Law firm members of the group […]
By Canadian Underwriter | October 27, 2006
1 min read
The firm of Hughes Amys LLP has joined seven law firms from coast to coast to form the ARC Group Canada Inc.The ARC Group is a network of independent law firms across Canada focusing on the areas of insurance law and risk management, according to the organization. Members of the ARC Group provide services to […]
By Canadian Underwriter | October 25, 2006
New Brunswick’s Justice and Consumer Affairs Minister T.J. Burke recently named a Fredericton lawyer as the lead negotiator for upcoming discussions with the insurance industry.Bill Anderson, a government litigator, has been retained and will begin work immediately.”Mr. Anderson is an experienced negotiator and I know that he will achieve the government’s goal of having the […]
By Canadian Underwriter | October 20, 2006
Standard & Poor’s Ratings Services has revised its notching criteria for Canadian insurance operating companies to achieve greater global consistency of its ratings on subordinated debt, hybrids, and preferred share instruments.”This change will apply only to Canadian operating insurance companies,” Standard & Poor’s credit analyst Mark Puccia says. “The ratings on Canadian insurance holding companies […]
By Canadian Underwriter | October 18, 2006
Global insurance broker Willis Group Holdings (NYSE: WSH) has appointed two senior associates in Calgary in a move to continue strengthening its presence in “key geographic markets across North America.” Willis has appointed Kathy Underhill to the position of executive vice president, managing partner and office director of the Calgary operations. Underhill is also a […]
Among a group of women leaders recently noted in “Business Insurance” magazine’s “Women to Watch” issue are FM Global’s Maxine Walker as well as four individuals from Aon including: Corbette Doyle; Kathryn Hayley; Kathleen M. Burns; and Kelly Smith.The honorees were selected based on the following criteria: their recent professional achievements; their influence on the […]
By Canadian Underwriter | October 13, 2006
The Federation of European Risk Management Associations (FERMA) has launched an electronic training initiative designed to help smaller businesses avoid financial failure, A.M. Best reports.The program, known as Professional in Risk Management, was unveiled at FERMA’s fall seminar at the Hotel Bristol Stephanie in Brussels, Belgium. Prorim, as the initiative has been dubbed, is aimed […]
Risk and liability associated with Internet communications is a “vast insurance field that is only beginning to open,” a lawyer told people attending a Professional Liability Underwriting Society (PLUS) Canada education seminar in Toronto.”As long as the Internet is around, the work will never end” for lawyers or risk managers, Robert J. Howe, a partner […]
By Canadian Underwriter | October 12, 2006
A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a+” from “a-” of Allianz Global Corporate & Specialty AG (AGCS) (Germany), formerly known as Allianz Marine & Aviation Versicherungs Aktiengesellschaft. The outlook for both ratings is stable.AGCS is the result of the […]
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