Risk

Trusted Protection

How to manage emerging D&O risks in light of developments in Canada's income trust market

May 31, 2006

3 min read

Chasing the Hurricane

Full-scale measurements, combined with laboratory testing of hurricanes, improve housing structures so that they can withstand nature's most powerful storms

May 31, 2006

6 min read

Risk

Brokers Backing Solvency

How a proactive broker can reduce the financial risk for policyholders

May 31, 2006

6 min read

Risk

Marsh & McLennan Companies, Inc. (MMC) reported its 2006 Q1 consolidated revenues were US$3 billion – a 1% decline from 2005 Q1. Marsh’s overall net income in 2006 Q1 was US$416 million, compared with US$134 million in 2005 Q1. “A number of noteworthy items affected first quarter results in both 2006 and 2005,” Marsh noted […]

May 31, 2006

1 min read

Risk

Commercial market a ‘buyers’ market’: RIMS study

North America’s commercial insurance industry remained a buyers’ market in 2005 and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society (RIMS). In the executive summary of the survey, Bradford notes almost every class of business tracked for the survey showed a […]

May 31, 2006

2 min read

Risk

Social hosts not liable: Supreme Court

Social hosts of parties where alcohol is served do not owe a duty of care to public users of highways, the Supreme Court of Canada has ruled in Childs v. Desormeaux. Insurers were watching the case with interest because of its implications on how homeowners insurance, which would pay out for social host liability, might […]

May 31, 2006

2 min read

Risk

Cavell Insurance wind-up lands in Ontario Appeal Court

The wind-up of the reinsurance business of Cavell Insurance Company became the centre of a recent Ontario Court of Appeal judgment concerning the enforcement of foreign court orders.The Ontario Appeal Court decision upheld a U.K. court order, even though the U.K. order did not meet a traditional requirement: typically, only the final judgment of a […]

By Canadian Underwriter | May 30, 2006

2 min read

Risk

Quebec looks at 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 the regulated entities will comply. […]

By Canadian Underwriter | May 29, 2006

2 min read

Risk

Swiss Re and core subs on negative watch

The long-term counterparty credit and insurer financial strength ratings on Swiss Reinsurance Co. and its core operating companies will remain on CreditWatch with negative implications, according to Standard & Poor’s Ratings Services. Swiss Re and its entities were placed on CreditWatch on Nov. 18, 2005, following the reinsurers announcement that it agreed to acquire U.S.-based […]

By Canadian Underwriter | May 26, 2006

2 min read

Risk

Cost of Risk decreased in 2005

The commercial insurance industry remained a buyers’ market in 2005 and shows no signs of hardening any time soon, according to the 2005 Annual Benchmark Survey from the Risk and Insurance Management Society (RIMS).The 2005 survey revealed that the total cost of risk (TCOR) was down for the first time since 2001. Following 9/11, insurance […]

By Canadian Underwriter | May 25, 2006

2 min read

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