What’s New: In Brief (April 28, 2008)

Integro Ltd., an international insurance brokerage and risk management firm, is sponsoring the MSA/Baron Outlook Reports for 2008 for risk managers across Canada. The report will be distributed to 150 Ontario Risk & Insurance Management Society (RIMS) and RIMS Canada risk managers.” Integro is committed to creative, cost-effective risk management solutions based on superior analytics and modeling, and therefore proud to sponsor these reports that serve to provide our clients with valuable insurance industry data to assist in their risk transfer decisions,” Integro Canada president John Chippindale said in a press release.The MSA/Baron Outlook Report is a quarterly review of the Canadian property and casualty insurance industry as a whole, including summarized company results.”These quarterly reports are widely read by Canadian insurance company executives,regulators, reinsurers and hundreds of brokers,” commented Joel Baker, president and CEO of MSA Research Inc. “We are pleased that Integro Insurance Brokers is now making these same reports available to benefit Ontario’s risk managers.”

FM Global has topped Euromoney magazine’s poll of 255 chief risk officers as the “leading property insurer of the world.”The magazine’s survey included chief financial officers at large corporations in North America, Western Europe and the emerging markets of Latin America, Asia and the Middle East. The survey asked respondents about their most significant risk concerns, which insurance companies they use to mitigate those risks, why they choose those companies and which brokers they use to source cover.FM Global ranked first in the poll, followed by AIG, Allianz, Zurich and Chubb.What distinguished FM Global, according to Euromoney, was its commitment to detail, even so far as going to set up mock disasters in order to help underwrite appropriate cover. Also, the magazine noted, FM Global’s combined operating ratio has consistently registered at just over 75% for the past few years.