Claims
Risk Management Counsel of Canada (RMC) recently held its annual insurance industry social event at the Steam Whistle Brewing’s historic Roundhouse in Toronto. Attendees were able to play Canadopoly, collecting stamps from different member firms across the country. WICC (the Women in Insurance Cancer Crusade) was chosen as the event partner. For each person that […]
May 31, 2008
1 min read
On Apr. 21, HKMB HUB International held its third annual Hockey Challenge for Charity at the Air Canada Centre. In 2006, after insurance industry colleagues chose to pit their hockey skills against one another for fun, HKMB organized its first Hockey Challenge for Charity game. The 2007 event held at the RICOH Coliseum, raised more […]
The Honourable Order of the Blue Goose International, Ontario Pond held its eighth annual Scotch Nosing on Apr. 24 at Jamie Kennedy at the Gardiner Museum in Toronto. Dozens of noses attended this exclusive event, including an esteemed panel of judges. Throughout the evening, guests sampled some of Scotland’s rarest and finest single malts and […]
Insurers have absorbed losses of more than US$100 million due to 15 events this year, Robert F. Howe, global leader of property operations for Marsh Inc., noted during a panel discussion in New York on May 30. Total aggregate losses to date this year have exceeded US$5 billion due to flooding, fires, tornados and other […]
By Canadian Underwriter | May 30, 2008
Canada’s home, car and business insurers are reminding Manitoba’s homeowners to review their insurance policies after Environment Canada received reports of a tornado touching down in the province earlier this week, and fires are affecting northern Manitoba.Manitoba’s first tornado of the season touched down on May 25, 2008. No one was injured and no damage […]
If the 2008 hurricane season features only small to moderate storms (as experienced in 2004), primary insurers will disproportionately incur catastrophe losses relative to reinsurers. However, the opposite rings true if the season includes one or more large or very large events (such as in 2005), Fitch Ratings predicts. Fitch predicts the declining cost of […]
By Canadian Underwriter | May 28, 2008
Guy Carpenter & Company LLC has appointment Andrew Marcell to lead its Americas broking operations.As CEO of the Americas broking operations, Marcell will assume responsibility for all of Guy Carpenter’s treaty and facultative broking operations in the United States, Canada, Latin America and Bermuda.”Andy’s diverse global experience and strong management and leadership skills will assist […]
2 min read
Leading up to the 2008 Atlantic hurricane season, Aon Corp is cautioning that although predictions of hurricane activity are important to consider, any storm can cause massive destruction regardless of whether it happens in a period of below-normal or above-normal storm activity. Hurricanes Felix and Dean, each of which caused massive destruction, both hit during […]
By Canadian Underwriter | May 26, 2008
There is a 90% chance of a near-normal or above-normal hurricane season in the Atlantic Basin in 2008, according to the National Oceanic and Atmospheric Administration (NOAA) climate prediction centre. An average season has 11 named storms including six hurricanes, of which two reach major (Category 3-5) status. Considerable activity is projected, with a 65% […]
By Canadian Underwriter | May 22, 2008
The credit crunch related to the subprime mortgage crisis in the United States, as well as the higher-than-average hurricane forecasts for the eastern seaboard, might be converging at the worst possible time for insurers, according to A.M. Best.”Turmoil in the credit markets could leave policyholders in limbo if a major hurricane strikes the United States […]
By Canadian Underwriter | May 20, 2008
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