Risk
Aggregate reinsurance cover is one means for primary insurers to transfer their risk in 'mini-cat' situations, in which big storms add up, but individually they aren't big enough to trigger traditional reinsurance coverage.
October 31, 2010
5 min read
Insurance and reinsurance merger activity, both globally and in Canada, is beginning to show signs of new life after a period of relative dormancy.
Canada has helped fund the world's first multinational parametric reinsurance facility, located in the Caribbean. It's one example of a public-private partnership (P3) model that may serve the Canadian marketplace well as it considers the possibility of offering overland flood coverage.
There is a downward pressure on all profitability drivers, interest rates, exposure growth, loss trends, reinsurance rates, expenses and regulatory capital. Canada is in fact a reflection of the state of the global reinsurance industry.
12 min read
Canadian Insurance Accountants Association (CIAA)'s 47th Annual Conference; The role of Chief Information Officers has expanded to include storytelling. Today, boards expect CFOs not only to crunch the numbers, but to tell the story behind those numbers.
1 The Law Society of Upper Canada (LSUC) is recognizing Bruce Thomas [1], a founding partner of Thomas Gold Pettingill LLP, for practicing law for 50 years. Thomas specializes in insurance law and will be granted a lifetime membership in the LSUC. “Bruce’s love for practicing law makes him as effective today as ever before,” […]
Fire Underwriters Survey (FUS) subscribers met at the Metropolitan Hotel in Toronto on Sept. 15 to discuss significant developments taking place in the areas of response time studies, Superior Tanker Shuttle Service Accreditation and fire hall grading details, in addition to enhanced data and delivery mechanisms. Sixty members of the insurance industry attended the presentation, […]
1 min read
The RIMS Canada Council along with visiting RIMS executive, met during the RIMS Canada Conference in Edmonton, Alberta to discuss the progress of its Strategic Plan. The plan includes: developing a risk management standard and a strong, broad membership base; gaining recognition that RIMS is the pre-eminent risk management organization in Canada; and increasing the […]
Roughly 50 delegates of the Risk and Insurance Management Society (RIMS) Canada Conference Edmonton laced up their running shoes for the William H. McGannon Foundation’s annual Fun Run-Walk early on Sept. 13. Sponsored by FM Global and the RIMS Canada Council, the event raised more than $2,500 for the foundation, which provides learning and networking […]
During the RIMS Canada Conference’s opening ceremonies, the Ontario Chapter of RIMS named Tina Gardiner, manager of insurance and risk at the Regional Municipality of York, as the 2010 recipient of the Donald M. Stuart Award. Gardiner’s involvement with RIMS spans nearly 20 years. “I can’t believe I am standing up here,” Gardiner said upon […]
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