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Hub International Limited (NYSE: HBG) (TSX: HBG) has appointed John P. Graham, 41, to the position of vice-president and CFO.Graham replaces Dennis J. Pauls, who has been named president and CEO of Hub Ontario, the company’s regional hub headquartered in Toronto.Graham brings nearly 20 years of public company and public accounting experience to Hub International. […]
By Canadian Underwriter | November 14, 2006
2 min read
An A.M. Best survey suggests growth in 2005 slowed down for rated, non-U.S. captives. The A.M. Best study looked at 30 captives — some U.S.-owned, others not — domiciled in various foreign territories, although the majority of the study’s members were domiciled in Bermuda and the Cayman Islands.All of the group’s members are described as […]
By Canadian Underwriter | November 13, 2006
EGI Financial Holdings Inc. (TSX:EFH) has announced a “very strong performance” in its 2006 Q3 underwriting business, driving a 170% improvement in quarterly earnings per share.In 2006 Q3, EGI Financial continued to show strong growth in its niche products division, the company announced in a press release.”This growth, combined with the addition of the Ontario […]
By Canadian Underwriter | November 8, 2006
1 min read
Aon Corporation (NYSE: AOC) has reported a 2006 Q3 net income of US$106 million, compared to $122 million during the same period last year.The company’s risk and insurance brokerage services revenue increased 5%, to US$1.3 billion, with organic revenue growth of 3%. The company’s overall organic growth was led by the reinsurance division’s organic revenue […]
By Canadian Underwriter | November 2, 2006
The Government of New Brunswick is negotiating with the province’s insurance industry to seek “the elimination of existing [auto insurance-related] territories and the elimination of discrimination based on gender when evaluating consumer risk,” according to a recent press release.The government recently appointed Fredericton lawyer Bill Anderson, a longtime government litigator, as its lead negotiator. The […]
By Canadian Underwriter | November 1, 2006
After the horrific storm season of 2005, what would Mother Nature do for an encore in 2006? It would appear she is giving Canada's reinsurers a break - resulting in a comparatively sunnier financial climate for the reinsurance market in 2006
October 31, 2006
11 min read
Ratings agencies are changing their methods for determining capital adequacy within the holistic context of Enterprise Risk Management (ERM). It remains to be seen what impact this will have on reinsurers.
10 min read
Catastrophe models are helpful, but they should be supplemented with a systematic, continuous and comprehensive approach to catastrophe risk management
6 min read
What the Canadian insurance industry is doing about climate change
Record-breaking attendance results at the 2006 RIMS Canada Conference in Calgary is attributed to the Council's strategic plan
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