Risk

Benfield creates division dedicated to non-traditional risk transfer

Benfield has launched a new division within Benfield Advisory, for all forms of non-traditional risk transfer solutions, including sidecars, cat bonds, industry loss warranties (ILWs), collaterized reinsurance and other indexed linked securities.With the convergence of the capital and reinsurance markets accelerating almost daily, the launch of a dedicated Capital Markets Division within Benfield Advisory is […]

By Canadian Underwriter | September 4, 2007

1 min read

Risk

Ontario cracks down on street racing

The Ontario government has expanded its crackdown on street racing, increasing the maximum fine to Cdn$10,000 and widening the definition of the crime in an effort to curb dangerous driving. The definition of a “stunt” will include driving at 50 km-h or more above the posted speed limit, a press release from the Ministry of […]

August 31, 2007

1 min read

Risk

Grounhog Day

Canada's insurance industry is once again seeing the long shadow of rising claims costs just outside its door. What will it do next?

August 31, 2007

13 min read

Risk

Facility Proposal Post-Mortem

The debate surrounding the future of Canadian residual markets for automobile insurance has been particularly heated in the last few months. Facility Association members in June 2007 declined to approve a proposal to enable the creation of Risk Sharing Pools (RSPs) as the primary residual market mechanism for all private passenger vehicles. Despite myriad operational […]

August 31, 2007

7 min read

The Inevitability of Market Cycles

At an industry meeting some time ago, I heard someone say: “Insurance is the Shiva of Capital.” I am not a student of world religions, but the reference to the Hindu deity that is both the “destroyer and restorer” of worlds plays frighteningly well in insurance. We are in the business of cycles, soft and […]

August 31, 2007

6 min read

Bridging the data Divide

Not that long ago, traditional players within the insurance industry neglected to consider the potential for IT to improve operational business processes. That corporate mindset has since been supplanted by the idea that business software can successfully assist insurers in gaining a much-needed competitive edge. And yet, many firms are still so inundated with time-consuming, […]

August 31, 2007

4 min read

New causation standard expands potential for negligence actions

Over the last decade, the Supreme Court of Canada has introduced a more plaintiff-friendly standard for cause-in-fact, Anthony Fletcher, lawyer, Filmore Riley LLP, told attendees during a seminar the Canadian Independent Adjusters Associations general meeting and conference in Winnipeg, MB.Causation is the link that must be established between a defendants wrong and the plaintiffs loss; […]

2 min read

Risk

Benfield creates division dedicated to non-traditional risk transfer

Ontario cracks down on street racing

Grounhog Day

Facility Proposal Post-Mortem

The Inevitability of Market Cycles

A Looming Threat

Bridging the data Divide

Opening Doors to More Coverage

The Death of Dirty Data

New causation standard expands potential for negligence actions