Risk

Devil is in the Details

Property risk surveys are underestimated as an important part of risk mitigation and loss control

February 28, 2007

4 min read

Converging Capital and Reinsurance Markets

Will the alternative risk financing options for today's catastrophes become the mainstream financing options of tomorrow?

February 28, 2007

7 min read

Risk

Repatriating Canada’s Blood Services Coverage

Canadian Blood Services has just transferred three-quarters of its capacity to insure Canada's blood supply from its Bermuda captive to a B.C. captive - with plans to repatriate the rest at a future date

February 28, 2007

6 min read

Risk

Expert Value

Real-life product testing and paying the money required for good experts are key to managing product liability

February 28, 2007

6 min read

Marsh reports 500% profit increase in 2006 Q4

Marsh & McLennan Companies Inc. (MMC) reported a hefty 2006 Q4 profit of US$226 million, an increase of more than 500% over 2005 Q4. Full-year consolidated net income was US$990 million, compared with US$404 million in 2005. Risk and insurance services revenues in 2006 Q4 increased 4% to US$1.4 billion, or 5% on an underlying […]

February 28, 2007

1 min read

A.M. Best foresees stability on U.S. personal lines segment

A.M. Best has maintained a stable outlook on the personal lines segment of the U.S. market, driven primarily by favourable frequency and severity trends, modest catastrophic activity and the maintenance of pricing and underwriting discipline, among other factors.Performance in the personal lines segment continues to be driven by the automobile liability and physical damage lines, […]

1 min read

Hannover Re securitizes reinsurance recoverables

Following successful securitizations in property/casualty and life/health reinsurance business, Hannover Re has now for the first time transferred the risks deriving from so-called “reinsurance recoverables” to the capital market.Reinsurance recoverables the outstanding claims held by reinsurers against their retrocessionaires traditionally constitute a substantial item on Hannover Re’s balance sheet, the company said in a press […]

1 min read

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

Woodhouse Contracting Ltd. has joined a strategic partnership with Edenvale Restoration, uniting two of the largest independent companies in the Canadian disaster restoration industry.Edenvale, with headquarters in Abbotsford, B.C., operates in the British Columbia Lower Mainland with operation branches in Burnaby, Chilliwack and Surrey.Woodhouse, with headquarters in Kitchener, Ontario, operates in southern Ontario with operating […]

2 min read

What’s New: In Brief (February 22, 2007)

Portage la Prairie Mutual Insurance Company has increased its investment in the 2007 Broker Identity Program (BIP), established in 1989 by the Insurance Brokers Association of Canada (IBAC).The BIP program is a branding campaign for over 30,000 insurance brokers. Twenty leading insurance companies supported the program in 2006.While no figures were released, Portage Mutuals investment […]

2 min read

What’s New: In Brief (February 19, 2007)

Willis Group Holdings, an international insurance broker, has announced the appointment of Richard T. Hynes as president and CEO of Willis Canada. Hynes possess more than 25 years of management and industry experience in the Canadian market, with market growth and business development being his key areas of focus within Willis. Since joining the company […]

1 min read