Risk
Sedgwick CMS Holdings, Inc. (Sedgwick CMS Holdings), parent company of Sedgwick Claims Management Services, Inc. (Sedgwick CMS), recently concluded its agreement to acquire CompManagement, Inc. (CMI) and its affiliated companies. The finalized agreement took the form of a merger between a special purpose subsidiary of Sedgwick CMS Holdings and Security Capital Corporation (SCC), parent company […]
By Canadian Underwriter | September 13, 2006
1 min read
Financial strength in the global reinsurance sector has declined over the past five years to the point that, when taken on a stand-alone basis, no reinsurer is currently rated higher than ‘AA-,’ according to a recent report published by Standard & Poor’s.”The downward trend in financial strength has coincided with a withdrawal from reinsurance business […]
By Canadian Underwriter | September 11, 2006
2 min read
Rising premiums and foreign exchange earnings contributed to a 32.5% increase in insurer Catlin Group’s first-half net income.The Bermuda-based insurers second quarter net income was $147.3 million, which represents an increase of US$111.2 million.The insurer says it expects it’s 2006 year end income will be higher than its 2005 year end results, partly due to […]
By Canadian Underwriter | September 8, 2006
Willis Group Holdings Ltd. recently reached an agreement with New York Attorney General Eliot Spitzer and New York Superintendent of Insurance Howard Mills that will allow the broker to accept extra profit-based commissions from insurers when it acts as a managing general agent. This new agreement follows a similar agreement recently finalized between Spitzer, Mills […]
By Canadian Underwriter | September 1, 2006
Canadian P&C insurers were lucky 2005 catastrophes didn't happen during a period of financial instability
By Darrell Leadbetter, Paul Kovacs, and Jim Harries, PACICC | August 31, 2006
6 min read
Boards, directors, officers and trustees should become more involved in assessing the insurance policies designed to protect them
By Elan Pratzer | August 31, 2006
5 min read
When it comes to consolidation, do the larger property and casualty players in Canada have anywhere to go, or any companies to acquire? Many anticipate more merger and acquisition (M&A) activity in the future, but few are willing to put a timeline on when or how quickly deals will happen. It’s possible the concept of […]
By Craig Harris | August 31, 2006
14 min read
The Supreme Court of Canada instituted a "material change" in fire insurance policy conditions
9 min read
The potential pitfalls of backdating from Canadian and U.S. Perspectives
By Patrick Bourk, B.A., LL.B., Management Risk Practice, Integro Insurance Brokers | August 31, 2006
Will Canadian underwriters cash in on the expanding weather risk management market?
By Brian O'Hearne | August 31, 2006
4 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.
