The insurance industry must face up to the growing threat of climate change or risk being swept away, according to Lloyd’s of London. A new report, ‘Climate Change, Adapt or Bust,’ published by Lloyd’s, warns that insurers must act now to understand and actively manage risks from emerging threats such as greenhouse gases and rising […]

June 30, 2006

2 min read

Risk

AMF to tackle regulation of derivatives

The Autorit des marchs financiers (AMF) has published a working document on the regulation of derivatives markets in Qubec. The document outlines the orientation the AMF is taking for the development of a proposed regulatory framework. The approach is for the regulator to identify several key “core principles” with which regulated entities will comply. The […]

June 30, 2006

2 min read

Risk

Rating criteria for ERM changed

Standard & Poor’s Ratings Services (S&P’s) has changed the criteria for its Enterprise Risk Management (ERM) assessment process. In its report entitled “Insurance Criteria: Refining The Focus Of Insurer Enterprise Risk Management Criteria,” S&P’s shows how the new criteria will become part of its counterparty credit and financial strength ratings. S&P’s says the new criteria […]

June 30, 2006

2 min read

Risk

Views (July 01, 2006)

At the Risk and Insurance Management Society (RIMS) 2006 Conference in Honolulu, HI, Roger Andrews, director of risk management for E.D. Bullard Co., accepted the society’s distinguished Harry and Dorothy Goodell Award. Andrews accepted the RIMS award for “furthering the goals of risk management and RIMS through outstanding achievement.” Andrews has been an active RIMS […]

June 30, 2006

4 min read

Risk

Integro appoints Wayne Snow for construction practice

Integro (Canada) Ltd. has appointed Wayne Snow as principal for the company’s Toronto office, where he will lead and develop Integro’s Canadian construction practice.Snow has 30 years of experience in risk management and commercial insurance, most recently serving as senior vice president, risk and insurance, for AMEC Americas in Toronto.Prior to joining AMEC, Snow spent […]

By Canadian Underwriter | June 29, 2006

1 min read

Risk

Value of weather risk management contracts soars (June 28, 2006)

The notional value of weather risk management contracts increased nearly five-fold over the past year from US$9.7 billion in April 2005 to US$45.2 billion as of March 2006.The Weather Risk Management Association (WRMA), an international trade organization of the weather risk management industry, compiled the figures for its annual survey of the industry. “The explosive […]

By Canadian Underwriter | June 28, 2006

2 min read

Risk

Value of weather risk management contracts soars (June 28, 2006)

By Canadian Underwriter | June 28, 2006

2 min read

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