Risk

Risk managers must focus on reward, opportunity

Risk managers must focus more often on presenting to company management the opportunities and rewards of taking risks if they want the risk management profession to thrive in the future, panelists told people attending the RIMS Canada Conference Calgary Summit 2006.Panelist Felix Kloman of Risk Management Reports said if corporate managers hear only from their […]

By Canadian Underwriter | September 18, 2006

1 min read

ESIS Canada open for business in Toronto

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 ACE […]

By Canadian Underwriter | September 15, 2006

2 min read

Sedgwick CMS fully acquires CompManagement

Sedgwick CMS Holdings, Inc. (Sedgwick CMS Holdings), parent company of Sedgwick Claims Management Services, Inc. (Sedgwick CMS), recently concluded its agreement to acquire CompManagement, Inc. (CMI) and its affiliated companies. The finalized agreement took the form of a merger between a special purpose subsidiary of Sedgwick CMS Holdings and Security Capital Corporation (SCC), parent company […]

By Canadian Underwriter | September 13, 2006

1 min read

Global reinsurers’ financial strength declines

Financial strength in the global reinsurance sector has declined over the past five years to the point that, when taken on a stand-alone basis, no reinsurer is currently rated higher than ‘AA-,’ according to a recent report published by Standard & Poor’s.”The downward trend in financial strength has coincided with a withdrawal from reinsurance business […]

By Canadian Underwriter | September 11, 2006

2 min read