Risk

RIMS publishes compensation survey

On average, a U.S. enterprise-wide risk management professional earns an annual salary of US$130,997, according to The Risk and Insurance Management Society Inc. (RIMS)s 2007 Risk Management Compensation Survey.The survey presents base salary and incentive data for 12 industry-specific jobs, categorized by company size (full time employees and annual revenues), risk management department size, industry […]

By Canadian Underwriter | May 24, 2007

1 min read

Risk

Insufficient risk management barrier to insurance fraud detection: IAIS

Barriers to addressing insurance fraud include insufficient risk management, commercial interests and public attitudes about fraud, according to findings in Report on the survey on preventing, detecting and remedying fraud in insurance, issued by the International Association of Insurance Supervisors (IAIS). On the last [survey] question [of more than 100 respondents], on the problems that […]

By Canadian Underwriter | May 23, 2007

2 min read

Risk

What’s New: In Brief (May 22, 2007)

Marsh Inc. announced the launch of a dedicated renewable energy team, and named Susan K. Stokes and Tom Sexton as its co-leaders. The team will work closely with the firms global marine and energy practice and the power and utilities industry practice to help clients address and find upside in the wide range of risks […]

By Canadian Underwriter | May 22, 2007

2 min read

Risk

What’s New: In Brief (May 18, 2007)

The Autorit des marches financiers (AMF) has imposed new registration conditions on the brokerage firm Centre de courtage Assep inc. The firm is required to replace its officer in charge, Martin Beaul, and to provide AMF, within 5 days after its proposed decision, the name of the officer in charge it intends to appoint to […]

By Canadian Underwriter | May 18, 2007

2 min read

What’s New: In Brief (May 18, 2007)

SGI has pledged an annual donation of $200,000 to the Regina QuAppelle Health Region (RQHR) for the Sleep Disorders Program at the Regina General Hospital. The program serves to diagnose and treat patients with sleep disorders — the most common of which is sleep apnea, a cause of excessive daytime sleepiness. Sleep apnea is a […]

1 min read

ING Canada promotes risk-based regulation

ING Canadas insurance subsidiaries will be adopting the Insurance Bureau of Canada (IBC)’s Standards of Sound Marketplace Practice, the company announced at its AGM on May 16.The primary objective of the IBC standards is to encourage the adoption of a risk-based model for the insurance regulatory environment. The standards are also designed to improve corporate […]

2 min read

What’s New: In Brief (May 14, 2007)

AMAC Consultants Inc. announced the appointment of Paul M. Green as vice president, in a bid to strengthen its national presence.Green will primarily be responsible for growing the firms Ontario business and serving its clients in Easter Canada from AMACs downtown Toronto office.Prior to joining AMAC, Green was director, corporate marketing and broker management with […]

1 min read

ICBC reports Q1 profits of $111 million

The Insurance Corporation of British Columbia (ICBC) has reported net income of $111 million for the 2007-Q1, an increase from 2006-Q1s $85 million. According to an ICBC statement there were more than 64,000 crashes in the first three months of 2007, which is an increase of almost 4% over the same period of 2006. ICBC […]

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What’s New: In Brief (May 08, 2007)

After 20 years of service at BDC, Brian K. Hammond, director, risk management and insurance, is retiring. During Brians time with us, BDC has benefited from his sound advice, and wise counsel on risk management, insurance matters and claim-related problems, Paul Buron, BDC executive vice-president and chief financial officer, said in a press release. In […]

1 min read

Swiss Re reports 54% revenue increase in Q1 over 2006-Q1

Swiss Re has increased its earnings by 54% in Q1-2007 over Q1-2006. The company has reported earnings of CHF1.3 billion (approximately Cdn $1.18 billion).Swiss Re had a good start to 2007, Jacques Aigrain, CEO for Swiss Re, said in a press release. All our business segments contributed to Swiss Res solid performance, which also benefited […]

1 min read