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CNA Financial Corporation has restructured its property and casualty operations so that field operations will be led from two regional centres Field Operations East and Field Operations West. Steve Stonehouse will lead the West and Dennis Barger will lead the East. The newly structured operations will help increase CNAs visibility in the market, leverage the […]
By Canadian Underwriter | November 7, 2007
1 min read
For the first time since the U.S. Sarbanes-Oxley Act [SOX] went into effect in 2002, a growing number of internal audit departments are returning to business as usual, according to a new survey by Protiviti Inc.Protiviti is a provider of independent risk consulting and internal audit services. Its survey was conducted from October 2006 through […]
By Canadian Underwriter | November 6, 2007
ESIS Inc., a risk management services company of ACE USA, announced it will provide dedicated Canadian workers compensation oversight to its clients through its affiliate, ESIS Canada Inc. ESIS Canada Inc. will offer reporting services for all new claims to the appropriate provincial workers compensation Board (WCB), including assistance with the filing of all WCB […]
By Canadian Underwriter | November 2, 2007
The legal test for negligence which would absolve an outdoor equipment provider of liability in a personal injury case is not perfection but rather to design a product so as to eliminate any unreasonable risk of foreseeable injury, the Ontario Superior Court ruled in Enslev v. Challenges Unlimited Inc.And although an outdoor swing designer might […]
2 min read
Aon Corporation has announced a global restructuring plan with projected savings of US$240 million by 2010 that includes the elimination of 2,700 positions and the outsourcing of 1,100 positions.The announcement came on the heels of the companys 2007 Q3 results, which saw a 92% increase in profit, from US$106 million in 2006 Q3 to US$204 […]
By Canadian Underwriter | November 1, 2007
Reinsurers see greater catastrophe exposures and a renewed emphasis on insurance to value in the future, causing them to wonder how much further primary insurance rates will continue to spiral in the meantime
October 31, 2007
12 min read
Will the changes spur an exodus of foreign reinsurers from Canadian soil?
9 min read
Broker and insurer CEOs charted a course at the 2007 RIMS Canada Conference in Halifax through the murky waters of contingent commissions, terrorism, contract certainty, quicker service delivery and climate change.
6 min read
Seminar unravels the mysteries surrounding the ratings' agencies ERM adequacy models
5 min read
In light of the "new breed" of sophisticated and aggressive plaintiff lawyer that has emerged since the introduction of class action legislation two decades ago, the insurance defence bar is encouraged to re-think a strategy of settling cases early.
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