Risk
Protecting Art's Unique Value Requires Mastery of the Craft
January 31, 2006
7 min read
In previous articles, author Randy Schwantz outlined and detailed a new sales technique called 'The Wedge.' In order to allow 'The Wedge' to truly transform your firm into a highly profitable, growth-driven operation, you have to create a sales culture that aligns all employees, from executives to customer service representatives. How many brokers in Canada can meet this test?
By Randy Schwantz, President, The Wedge Group | January 31, 2006
6 min read
When the U.S. government recently extended its Terrorism Risk Insurance Act (TRIA) through to 2007, it highlighted yet another interesting cultural gap between Canada and the United States: U.S. private insurers must offer terrorism coverage to businesses and individuals, whereas Canadian private insurance companies are under no such legal obligation. As a result, there is […]
By David Gambrill | January 31, 2006
4 min read
Willis Re says price increases for U.S. accounts hit by hurricane losses ranged between 30% and 100%, with specialty lines and retrocession being severely affected. Willis Group Holdings (NYSE:WSH) recently released its reinsurance review of the marketplace for the Jan. 1, 2006 renewals, indicating key findings including rate movements and territory and class line commentary. […]
1 min read
Storm losses and US claims has lead Bermuda-based reinsurer Alea Group Holdings Ltd. to estimate a 2005 after-tax loss of between $200 and $240 million (between $1.15 and $1.38 a share), which may ultimately cause the reinsurer to close to new business and call a breach of agreement with its lenders.With shares in its corporation […]
By Canadian Underwriter | January 31, 2006
2 min read
If a recent request to President Bush is realized, than a Risk and Insurance Management Society Inc. (RIMS) member may soon be appointed as a policyholder representative functioning as both an analyst of the terrorism insurance market and a consultant to a presidential body On Jan. 25, 2006, RIMS president Ellen Vinck sent President Bush […]
By Canadian Underwriter | January 27, 2006
Computer-based risks, foreign trade and corporate governance are the leading corporate risks of 2006, a Swiss Re study has found.The survey polled senior executives in six large, industrial countries including France, Germany, Italy, Japan, the U.K. and the U.S. The results were presented recently at the World Economic Forum’s Annual Meeting.The study found that, while […]
EGI Financial Holdings Inc. (TSX:EFH) recently completed the restructuring of its treaty reinsurance coverage’s for 2006 in a manner consistent with the general plan previously disclosed. EGI Financial, as enabled by its greater capital resources, did not renew its quota share reinsurance treaty in 2006 and, in a change from prior years, withdrew the portfolio […]
By Canadian Underwriter | January 26, 2006
Third party property casualty administrator for workers’ compensation and general liability claims, Specialty Risk Services, LLC (SRS), has incited a new claims administration agreement and partnership with Arch Insurance Group. Under the terms of the agreement, Arch will utilize SRS’ claims management expertise to service property and casualty insurance programs underwritten by Arch. The arrangement […]
By Canadian Underwriter | January 25, 2006
After a mere five years and a price tag of $124.9 million, Lloyd’s of London plans to close its Internet-based risk-data platform Kinnect.Kinnect customers were recently informed by interim chair of the market-backed Internet platform Michael Dawson that the Lloyd’s Franchise Board would not continue to fund the project.”After close consultation with a number of […]
By Canadian Underwriter | January 24, 2006
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