Insurance & Risk, Analysis, Events and Careers
Risk
Marsh & McLennan Companies Inc. (MMC) reported revenues of US$2.8 billion [approximately Cdn$3.1 billion] and a profit of $1.5 billion [approximately Cdn$1.66 billion] in its risk and insurance services during the 2007 Q1, an increase of 1% from 2006 Q1.Marshs revenues included $540 million [approximately Cdn$597 billion] in the Americas, a decline of 5% from […]
By Canadian Underwriter | May 8, 2007
1 min read
The United Kingdom non-life insurance market is dominated by Aviva, Royal Bank of Scotland (RBS), Royal & SunAlliance, AXA and Zurich, an A.M. Best special report finds.The U.K. is the third largest non-life market in the world. In highly commoditized lines, such as personal motor and household insurance, [we believe] larger companies are able to […]
By Canadian Underwriter | May 4, 2007
Northbridge Financial Corporation (TSX:NB), a Canadian commercial property and casualty insurance group, has announced net earnings of Cdn$45 million for 2007 Q1, compared to net earnings of Cdn$61.8 million for 2006 Q1.Underwriting profit was Cdn$18.1 million for 2007 Q1, a decline from underwriting profit of Cdn$26.3 million for 2006 Q1.The company attributed in the decline […]
Those who travel globally will be better covered thanks to a new comprehensive risk management package introduced by XN Financial. The new program can be customized to meet the needs of the traveller or travelers and is not limited to health care, preferred coverage, homeowners protection and concierge services. The vast majority of domestic insurance […]
By Canadian Underwriter | May 2, 2007
Janice Ochenkowski will be the new president of The Risk and Insurance Management Society Inc., beginning Sept. 1, 2007.RIMS made the announcement at the opening session of its annual conference exhibition, currently being held in New Orleans, L.A.Ochenkowski is the current vice president and director of RIMS and the managing director of Jones Lang LaSalle […]
By Canadian Underwriter | May 1, 2007
Insurance companies buy millions of dollars each year in goods and services from vendors – auto collision repair centres, lawyers, adjusters and appraisers, for example – and there is an emerging recognition among some carriers that supplier “spend management” can be streamlined. The prominent players in this game are “procurement” professionals who are increasingly popping […]
April 30, 2007
12 min read
Sean Corner, 21, credits the insurance community for helping him to bounce back from a tragic accident
6 min read
New FA proposals will favour larger, standard auto insurance carriers over the smaller, non-standard and "grey-area" auto insurers
8 min read
The Canadian property and casualty industry may have shown good financial results in 2006, but growth remains stagnant
4 min read
Defence counsel say punitive damage awards are limited only by the scope of the plaintiff bar's imagination
7 min read
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