Risk
RSA Canada recently acquired GCAN Insurance for $420 million. Reflecting on the deal, RSA Canada's president and CEO, Rowan Saunders, says conditions are right for future M&A activity in Canada's property and casualty marketplace.
November 30, 2010
5 min read
Many things are keeping primary insurance company senior executives awake at night, including the familiar wolves in the woods: water damage and the uncertain outcome of Ontario's auto insurance reforms. Add to this the ongoing volatility of global markets -- with suppressed interest rates hitting P&C insurers' investment income -- and even the specter of inflation related to economic recovery and you can see why insurers face many sleepless nights to come.
17 min read
Machine learning analytic methods, when combined with traditional actuarial and statistical methods, can help pick out the truly predictive data points and correlations.
7 min read
Viewed in terms of marketplace stability, the smaller Ontario Facility Association Residual Market (FARM) and larger Risk Sharing Pool (RSP) volumes can be considered "a good thing." But will those RSP numbers spill into the FARM?
IBC's 10th Annual Regulatory Affairs Symposium; Canada's solvency regulator and Ontario's insurance regulator establish timelines for two key files -- reinsurance guidelines and Ontario auto reforms.
1 Katherine A. Mabe will succeed Noel Walpole as president and CEO of The Economical Insurance Group (TEIG). She starts at The Group on Nov. 15, 2010. Prior to accepting her role at TEIG, Mabe was president of the specialty products division of Nationwide Insurance Company of America. In addition, she was president and CEO […]
This holiday shopping season was a busy one in Canada – and not just for consumers.Canadian property and casualty companies were clearly in a shopping mood, with several major deals or potential deals announced in December.As we go to press, Desjardins Financial Group, including its property and casualty insurance company Desjardins General Insurance, announced a […]
3 min read
SASKATCHEWAN BROKERS CONCERNED BANKS, DIRECTS WILL BUY BROKERAGES TO OBTAIN SGI CONTRACTS The Insurance Brokers Association of Saskatchewan (IBAS) is anticipating a meeting with Tim McMillan, the minister responsible for Saskatchewan Government Insurance (SGI), about the government’s proposed plan to allow the province’s motorists to obtain licenses from agencies that do not have contracts with […]
October 31, 2010
INSURERS SAY ERM POLICIES CARRIED THEM THROUGH THE FINANCIAL CRISIS More than half of the insurers surveyed in Towers Watson’s biennial global ERM survey said they were satisfied with their ERM capabilities throughout the financial crisis. Of the 465 insurance and reinsurance executives surveyed around the world, 58% felt satisfied with their ERM program’s performance […]
1 min read
Jack Lee, incoming Toronto Insurance Conference (TIC) president, notes how the evolution of commercial insurance has highlighted the importance of broker advice for complex risks.
6 min read
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