Risk
Falling commercial insurance rate levels and expanding insurance capacity have led to a slowing of new captive insurance company formations, according to a recent study by Advisen, a company that provides data to the insurance industry. “Right on cue, the growth in captive insurance companies nearly stalled in 2005,” the Advisen report observes. “Within the […]
By Canadian Underwriter | March 23, 2006
2 min read
Willis Group Holdings Ltd. recently hired Phillip Ellis to lead its global energy practice in London. Ellis, is an expert on energy having spent six years with Boston-based Consulting Group Inc. as the head of its oil and gas practice. In a statement Willis said Ellis has an “extraordinary wealth” of experience in working with […]
By Canadian Underwriter | March 22, 2006
1 min read
Guidewire Software Inc. has released Guidewire PolicyCenter, a policy administration system for all lines of P&C insurance. Guidewire PolicyCenter is a web-based system facilitating business between agents and insurance carriers. The technology also works towards enhancing underwriting accuracy and efficiency. “Underwriting professionals told us they needed an intuitive, rule-driven policy processing environment to maximize and […]
By Canadian Underwriter | March 16, 2006
The Canadian Trucking Alliance recently called upon the country’s provincial governments to take action on the problem of speeding trucks. The Alliance, a federation of Canada’s provincial trucking associations, has endorsed a national policy to pass a law making it mandatory that speed limiters on all trucks operating in, out and within a Canadian province […]
By Canadian Underwriter | March 14, 2006
Willis Group Holdings (NYSE: WSH) has appointed of three new members to the Canadian Advisory Board of Willis Canada Inc. Robert Hogan, D. Udo Nixdorf, and Bernard R. Wilson will join Willis Canada as senior members and advisors. Hogan, LL.M. (Tax); LL.B., is currently a partner in the Montreal office of Stikeman Elliott, LLP and […]
By Canadian Underwriter | March 13, 2006
D&O insurers and risk managers take note: Canada’s version of the U.S. Sarbanes-Oxley Act has arrived.The Canadian Securities Administrators (CSA) recently announced proposals that would require all publicly-traded companies in all Canadian jurisdictions to report on the effectiveness of their internal controls over financial reporting, starting as early as Dec. 31, 2007.”All members of the […]
By Canadian Underwriter | March 10, 2006
ICBC reported a net income of CDN$198 million for the year ended December 2005, compared to its restated 2004 net income of CDN$373 million.”Last year was a challenging year for ICBC,” ICBC president and CEO Paul Taylor said. “Net income is about half of what it was in 2004 due to a significant increase in […]
By Canadian Underwriter | March 8, 2006
Standard & Poor’s Ratings Services is maintaining its stable outlook on the U.K. non-life insurance sector.The stable rating as noted in S&P’s recent report titled “Insurance Industry Risk Analysis: United Kingdom Non-Life,” verifies expectations that most nteractive insurer financial strength ratings on domestic insurers (excluding reinsurers and London Market insurers) will remain unchanged. However, S&P’s […]
The Quarter Century Club has set a date for its 47th Annual Reception. On Wed. May 3, 2006, the 47th annual event featuring “The Roasting of Bob Gouchy,” will be held at the Hilton International Toronto in the Governor Geneal Suite. New members, “Independent or Staff 25 Years Claims Service the Only Requirement,” are encouraged […]
By Canadian Underwriter | March 3, 2006
3 min read
GE Insurance Solutions companies (NYSE: GE) secured nearly US$1.5 billion of property and casualty reinsurance business in the recently completed Jan. 1 renewal season. The GE Insurance Solutions team recently added 62 new reinsurance treaty clients and US$149 million in new business premiums, a 14% increase in new business over the 2005 renewal season. The […]
By Canadian Underwriter | March 2, 2006
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.
