Risk

Cyber-risk field “is only beginning to open,” lawyer tells PLUS Canada

Risk and liability associated with Internet communications is a “vast insurance field that is only beginning to open,” a lawyer told people attending a Professional Liability Underwriting Society (PLUS) Canada education seminar in Toronto.”As long as the Internet is around, the work will never end” for lawyers or risk managers, Robert J. Howe, a partner […]

By Canadian Underwriter | October 12, 2006

2 min read

What’s New: In Brief (October 12, 2006)

A.M. Best Co. has upgraded the financial strength rating to A (Excellent) from A- (Excellent) and the issuer credit rating (ICR) to “a+” from “a-” of Allianz Global Corporate & Specialty AG (AGCS) (Germany), formerly known as Allianz Marine & Aviation Versicherungs Aktiengesellschaft. The outlook for both ratings is stable.AGCS is the result of the […]

By Canadian Underwriter | October 12, 2006

2 min read

Reinsurance capacity “not nearly enough,” RAA

The Reinsurance Association of America (RAA) commends the President’s Working Group (PWG) on Financial Markets for its Terrorism Risk Insurance report and its contribution to the assessment of the private terrorism insurance market. The RAA says the report builds on the numerous important databases in both the public and private sectors addressing the insurability of […]

By Canadian Underwriter | October 5, 2006

2 min read

Wawanesa receives A+ rating

A.M. Best Co. has affirmed an A+ (Superior) financial stability rating for Canadian property and casualty insurer Wawanesa Mutual Insurance Co.According to A.M. Best’s report, Wawanesa’s A+ (Superior) rating for 2006 is based on its “superior level of capitalization, strong balance sheet, above average liquidity, profitable operating performance, and leading market position in the Canadian […]

By Canadian Underwriter | October 4, 2006

1 min read