Risk

What’s New: In Brief (July 20, 2007)

Swiss Res Industrial Risk Insurer has organized its team to better serve customers property and casualty insurance requirements. The reorganization stems from an announcement made by the organization in April stating its intent to enhance its ability to meet the needs of both clients and brokers, while broadening its product distribution reach, a release notes. […]

By Canadian Underwriter | July 20, 2007

1 min read

Risk

Anti-terrorism legislation puts charity D&Os at risk

Government anti-terrorism regulation targeting purportedly charitable financial transactions which may support terrorist activities subject Canadian charities to stringent regulatory requirements and potentially expose charities directors to personal liability, an Aon Canadian advisory report warns.Potential consequences of anti-terrorism act violations could include loss of existing charitable status; criminal investigation and prosecution; seizure or other constraints on […]

By Canadian Underwriter | July 18, 2007

1 min read

Risk

What’s New: In Brief (July 18, 2007)

Zurich has created a mergers and acquisitions (M&A) unit designed to offer customized products and services to help companies manage M&A transaction-related risks. The unit is part of Zurichs Global Corporate business division and currently fully operational in the U.S.worldwide capabilities will be implemented by 2007 Q4. With the creation of the unit, Zurich is […]

By Canadian Underwriter | July 18, 2007

1 min read

Risk

What’s New: In Brief (July 17, 2007)

Kroll, a risk consulting company, is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll announced that as part of the strategic alliance, DMC a third-party administrator and solution provider to credit card issuers, financial institutions, insurers and corporate sponsors would market and administer Krolls Identity Theft […]

By Canadian Underwriter | July 17, 2007

1 min read

What’s New: In Brief (July 17, 2007)

Kroll has announced it is combining forces with Direct Marketing Centre Inc. (DMC) to provide Identity Theft Restoration services in Canada. Kroll (a risk consulting company) announced that as part of the strategic alliance, DMC (a third party administrator and solution provider to credit card issuers, financial institutions, insurers and corporate sponsors) would market and […]

1 min read

What’s New: In Brief (July 16, 2007)

As the soft market approaches its fourth year, director and officers, and general liability premiums are dropping in 2007 Q2, while commercial property premiums remain stable, according to The Risk and Insurance Management Society (RIMS) Benchmark Survey and analysis conducted by David Bradford of Advisen.The Benchmark Surveys Q2 reports show that D&O continued to drop, […]

2 min read

Willis to educate risk managers about corporate risks of kidnapping/extortion

Willis Special Contingency Risks Limited (SCR) is hosting a global Web cast conference call on July 17, 2007, to educate risk managers, corporate risk officers and directors and officers about the risks of international kidnapping and extortion.Movie and television depictions of brittle hostage negotiations and heavily armed, camouflaged rescue teams make for pulse-pounding entertainment, SCR […]

2 min read

What’s New: In Brief (July 09, 2007)

A new poll by the Traffic Injury Research Foundation (TIRF) shows that nearly 1.3 million Ontarians fell asleep or nodded off while driving at least once in the past year, with 100,000 of these drivers doing so on five or more occasions. The number of fatigued and drowsy drivers in Ontario is a matter of […]

1 min read

What’s New: In Brief (July 05, 2007)

Canadian champion speed demon Paul Tracy has teamed up with the Insurance Bureau of Canada (IBC) to deliver the message that 220 km-h speeds are suitable for a racetrack, not public roads.If you want to prove yourself behind the wheel, save it for the racetrack, Tracy said in an IBC release. Tracy has joined the […]

1 min read

What’s New: In Brief (July 05, 2007)

A.M. Best Co. has affirmed the financial strength rating of A (excellent) of Royal Bank of Canada Insurance Company Ltd. (RBCI). RBCI benefits from a very secure equity capital base, a broad geographical spread of risk, which is concomitant with a diverse product mix and ample liquidity, enhanced by the high quality of a prudently […]

2 min read