Risk

International Delivery

Thinking Globally, Acting Locally on Cargo Risks

October 31, 2007

7 min read

Locking Horns

It would appear the insurance industry is hardly unanimous when it comes to the issue of banks retailing insurance products from their local branches

October 31, 2007

5 min read

Risk

Zurich Canada president and CEO Robert Landry will be retiring at the end of this year. Alister Campbell will be appointed chief agent of Zurich’s Canadian operations, subject to board and regulatory approval, a company release notes. Campbell most recently served as senior vice president, planning and communications at ING Canada Inc. “I have great […]

October 31, 2007

6 min read

Risk

Views (November 01, 2007)

More than 130 delegates attended A.M. Best Company’s inaugural Review & Preview Conference–Canadian Update in September. Hosted at the Westin Harbour Castle in Toronto, the conference featured interactive discussions with prominent leaders in the Canadian market, as well as A.M. Best’s senior ratings experts to address the issues currently shaping the Canadian insurance industry. *** […]

October 31, 2007

8 min read

North American commercial lines stable, depsite downturn: Moody’s

North Americas property and casualty commercial lines sector remains stable, although a market downturn is already underway, according to an annual report by Moodys Investor Services.Subject to the level of catastrophe activity, the number of rating actions over the next 12 to 18 months is likely to be moderate and should be driven more by […]

1 min read

Most insurers have sufficient SABS-related policies, controls: FSCO review

Most Ontario auto insurance companies have sufficient SABS-related governance and internal controls, the provinces financial regulator reported in its Statutory Accident Benefits Schedule (SABS) Risk-Based Market Conduct Assessment Report.The Financial Services Commission of Ontario (FSCO) recently posted the aggregate results of its September 2007 market conduct assessment questionnaire to 175 auto insurers. Overall, it found […]

1 min read

What’s New: In Brief (October 29, 2007)

Christopher J. Ridge has been hired as managing director of XN Alternative Risk, a newly formed risk management consulting and reinsurance brokerage operating division of XN Financial. The brokerage will be operating exclusively in the alternative risk transfer (ART) marketplace, according to an XN Financial Services Inc. release. Ridge will provide independent expert advice and […]

1 min read

What’s New: In Brief (October 23, 2007)

A vehicle-tracking device manufactured by Boomerang Tracking Inc. has helped locate and recover more than 6,000 missing or stolen vehicles, representing a total value of approximately Cdn$300 million, according to a company release. Members of the insurance industry have endorsed the Montreal-headquartered company, and some insurance companies are offering premium reductions for vehicles equipped with […]

2 min read

What’s New: In Brief (October 23, 2007)

Albert Poon has been appointed vice president, strategic business development, at Cunningham Lindsey Canada Ltd. Poon will lead the marketing and sales team and provide strategic direction for the promotion of claims solutions within the Canadian insurance and risk management industries. He will maintain his role as vice president of the claims management services division, […]

1 min read

Lloyd’s preparing for personal injury related to cell phone use

Lloyds of London is preparing for the next big liability action for personal injury damages based on the use of cell phone technology.Mobile phones are now so ingrained in our daily lives that the thought of living without them is impossible, Lloyds notes in a posting on its Web site. Commercially and personally, mobile technology […]

2 min read