Insurance & Risk, Analysis, Events and Careers
Risk
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
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 […]
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
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
The US President’s Working Group (PWG) on Financial Markets has submitted its report on terrorism risk insurance that does not endorse an extension of the federal terrorism insurance financial backstop created by the Terrorism Risk Insurance Act (TRIA) in 2002. In a cover letter to the report Treasury Secretary Henry Paulson says TRIA has supported […]
By Canadian Underwriter | October 3, 2006
Setting up captive insurance companies, if done properly, can be an effective application of enterprise risk management, according to Standard & Poor’s.In an Oct.2 press release announcing its participation in the September 2006 Rims Canada conference in Calgary, Standard & Poor’s reiterated some of the benefits of obtaining financial strength ratings for captive insurance companies. […]
By Canadian Underwriter | October 2, 2006
ESIS, a risk management services company, has opened an office in Toronto under the name ESIS Canada, Inc. ESIS Canada will offer clients in the United States and Canada access to claims management and a wide range of risk control programs. Organized in 1953, ESIS is part of the ACE Group of Companies, headed by […]
September 30, 2006
Canada's property and casualty industry is encouraged to weigh the merits of mitigating driver distraction through policy premiums and coverage
9 min read
Without insurers' co-operation, the Facility Association Market Redesign will not be enough to keep FA numbers down
6 min read
How insurance companies can help brokers sell to other brokers
5 min read
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.