Risk
Failure to manage a crisis situation well can “become an existential threat, a real threat to the viability of the organization,” a speaker said on Thursday at the Canadian Risk and Insurance Education Forum. “When you look at it, the manner in which organizations handle situations is at least as important for their reputation as […]
By Jason Contant | November 3, 2017
4 min read
Aon plc reported revenues in commercial risk solutions of $917 million in the three months ending Sept. 30, up 3.7% from $884 million during the same period in 2016, while net income dropped 42%. All figures are in United States dollars. London-based Aon reported Oct. 27 its third-quarter financial results. Total revenue was $2.34 billion, […]
By Canadian Underwriter | November 1, 2017
2 min read
Marsh & McLennan Companies Inc. recently announced a 9% increase in revenue at its commercial brokerage subsidiary while total risk and insurance services revenue increased from $1.632 billion in the third quarter of 2016 to $1.752 billion in the three months ending Sept. 30, 2017. All figures are in United States dollars. In addition to Marsh, […]
By Canadian Underwriter | October 31, 2017
Chubb Limited has reported a P&C combined ratio of 110.8% for the third quarter of 2017, up 24.8 points from the same quarter last year and “driven by significant catastrophe losses.” “While it was a tough quarter for cats, it’s the business we’re in,” Evan G. Greenberg, chairman and chief executive officer of Chubb, said […]
By Canadian Underwriter | October 30, 2017
FREDERICTON – Officials at Canada’s second-largest military base say forecasted heavy rain is welcome news as crews continue to battle three fires – efforts hampered by unexploded ammunition. The fires have been burning for weeks at New Brunswick’s Gagetown base in an area rife with the remnants of decades of soldier training. Stephanie Duchesne, a […]
By Jason Contant | October 24, 2017
Sellers seem to be enthusiastically responding as buyers continue the aggressive valuations of p&c and employee benefits agencies, with OPTIS Partners reporting Thursday there were 132 deals inked during 2017 Q3, bringing the year-to-date total to 457. Chicago-based OPTIS Partners’ proprietary mergers and acquisitions (M&A) database covers U.S. and Canadian agencies selling primarily p&c insurance, […]
By Canadian Underwriter | October 20, 2017
Manitoba Public Insurance has reported a net income of $42.3 million for the six months of its fiscal year ending Aug. 31, 2017 – an increase of $69.2 million over the same period last year. This amount includes net income from the Basic insurance line of business of $9.2 million in the first six months […]
By Canadian Underwriter | October 17, 2017
A systemic disconnect between material natural disaster risk, asset valuation and infrastructure investment demands that disaster risk and resilience be integrated into broader financial, accounting and reporting systems, David Greenall, senior director of sustainable business solutions for PwC Canada, told Canadian Underwriter Friday, the International Day for Disaster Reduction. “The inadequate pricing of disaster risk […]
By Angela Stelmakowich | October 13, 2017
The Insurance Corporation of British Columbia (ICBC), provincial government and police launched a pedestrian safety campaign on Wednesday. “Alarmingly, a disproportionate number of pedestrian-related crashes and injuries happen in just four months of the year – 43 per cent of all crashes that injure pedestrians happen between October and January as visibility and conditions get […]
By Canadian Underwriter | October 11, 2017
While domestic terrorism has historically represented a disproportionate risk to property, relative to bodily harm, spread over numerous smaller incidents, that risk has shifted, according to a new report from RIMS, the risk management society. More recently, risk associated with domestic acts of terrorism has shifted toward fewer, high-profile events primarily involving bodily harm, said […]
By Canadian Underwriter | October 10, 2017
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