Risk

ERM assessment process gets revamped, S & P’s

Standard & Poor’s Ratings Services recently made some major additions and revisions to its Enterprise Risk Management (ERM) assessment process and has clarified in a report titled “Insurance Criteria: Refining The Focus Of Insurer Enterprise Risk Management Criteria,” what these criteria are meant to be and what they are not. S & P’s incorporated the […]

By Canadian Underwriter | June 6, 2006

2 min read

Insurers to pay $50 million in Hollinger settlement

American International Group Inc. and Chubb Corp. may pay CD$50 million to cover a settlement involving a suit against past directors of Hollinger International Inc., Ontario Superior Court Judge Colin Campbell recently ruled.The minority Hollinger shareholder Cardinal Capital Management LLC said it would accept the CD$50 million payment and in exchange drop its suit which […]

By Canadian Underwriter | June 2, 2006

2 min read

Insurer capital model revised

Standard & Poor’s Ratings Services is currently updating its risk-based capital model. S & P’s explains, in it report titled “Credit FAQ: An Advance Glimpse At The Upcoming Changes To The Insurer Capital Model,” that it is testing newly developed capital factors against the latest capital model used in its analytics for a large number […]

By Canadian Underwriter | June 1, 2006

1 min read

Insurer capital model gets a facelift

Standard & Poor’s Ratings Services is currently updating its risk-based capital model. S & P’s explains, in it report titled “Credit FAQ: An Advance Glimpse At The Upcoming Changes To The Insurer Capital Model,” that it is testing newly developed capital factors against the latest capital model used in its analytics for a large number […]

By Canadian Underwriter | June 1, 2006

1 min read