Risk
Trust - a regularly mentioned, rarely explained and integral component of excellent sales and service strategies. Trust-based client relationships have a character all their own and brokers can develop this effective alliance by adopting a new approach to selling.
By Rick Bauman, President, Bauman Consulting Incorporated | June 30, 2005
5 min read
Even though this country faces serious catastrophic exposures, Canadians generally take a laissez-faire view of the threat of natural or man-made disasters. Yes, we had a major ice storm in Quebec and Ontario, but that was a meteorological fluke. Nuclear incidents? Well, maybe in Russia. Massive earthquakes? Sure – in Asia. Terrorist acts? That’s for […]
By Steve Wilson, Senior Publisher | June 30, 2005
3 min read
Despite record catastrophe losses, European reinsurers recently registered recorded improved profitability for 2004, according to the latest European Reinsurance Quarterly Report from Benfield. Results from six major European reinsurers exhibit earning results from non-catastrophe business held up so that overall losses were moderate, according to Benfield’s Industry Analysis and Research team spokesman Lewis Phillips. “The […]
June 30, 2005
2 min read
A modest rise in inflation and firm economic growth will bolster the Federal Reserves interest rates resulting in a rise in federal funds, according to information from Swiss Reinsurance economists. Specifically, if the economy does remain strong and inflation continues on its rise, the yield on the 10-year Treasury note is projected to rise to […]
Close to 240 clients and senior staff of Swiss Re Canada gathered for the company’s 20th Annual Monte Carlo Gala for Charity, enjoying an evening of dinner, entertainment, games of chance and prizes. The recipient of this year’s receipts was Street Haven at the Crossroads. Brian Gray, president of Swiss Re Canada, presented Street Haven’s […]
6 min read
Canadian security is set to skyrocket with the inception of a new North American plan intended to improve the response to internal and external threats while bolstering free flow of trade between Canada, U.S. and Mexico, according to Deputy Prime Minister Anne McLellan. In a recent press conference in Ottawa McLellan says the strategy, offering […]
Following the recent terrorist bombing attacks in London – a coordinated attack where at least four bombs exploded in the city’s transportation system resulting in more than 40 casualties and hundreds of serious injuries – the U.S. Department of Homeland Security raised the terrorism threat level for mass transit to code orange–high–from the previous yellow–elevated–level. […]
Bad weather driving conditions result in a 70% increased risk of injury-related auto collisions between urban Canadian drivers, according to a report recently released by the Institute for Catastrophic Loss Reduction (ICLR).Presented by Jean Andrey, associate dean of geography at the University of Waterloo, the report “Toward a National Assessment of the Travel Risks Associated […]
By Canadian Underwriter | June 30, 2005
Fairmont Specialty Group, a subsidiary of Toronto-based Fairfax Financial Holdings Ltd., recently received a subpoena from the U.S. Securities and Exchange Commission.The subpoena, according to Fairfax Financial, seeks information on “any nontraditional insurance product transactions” with General Re and its affiliates.Fairfax reports that Fairmont is cooperating with the request.This recent legal summons follows a similar […]
By Canadian Underwriter | June 24, 2005
1 min read
Clarification: On June 22nd Cowan announced the future site of its Waterloo Region operations located at Fountain Street North and the 401. This will become the head office of Cowan Insurance Group and house two of its three operating companies, Cowan Insurance Brokers and Cowan Wright Beauchamp. Cowan Insurance Brokers will be keeping a branch […]
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.
