Risk

Marsh reports 1% decrease in 2006 1Q revenues

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

By Canadian Underwriter | May 3, 2006

2 min read

Guy Carpenter unveils e-file claims initiative for UK reinsurers

Guy Carpenter & Company, Inc., a global risk and reinsurance specialist, and a part of the Marsh & McLennan Companies (NYSE: MMC), is launching an Electronic Claims File (ECF) initiative for reinsurers in the London market.Guy Carpenter has been involved with the development, testing and implementation of the ECF pilot project with select Lloyd’s managing […]

By Canadian Underwriter | May 2, 2006

2 min read

IBC launches public education workshops in Atlantic Canada

Canada’s home, car and business insurers are launching a series of half-day educational workshops across Atlantic Canada to help commercial businesses and non-profit organizations get the most for their insurance dollar.”The workshops are one of several activities underway to help improve the commercial insurance environment for businesses and voluntary organizations in the Atlantic Provinces,” according […]

By Canadian Underwriter | May 2, 2006

2 min read

OARBIC releases new transactional insurance portal

OARBIC, a specialized IT consulting firm for the property and casualty insurance industry, has just released a new transactional insurance portal called the OARBIC Software Enterprise Application (OSEA). OSEA provides a customizable ‘front end’ and dynamic link to one or many legacy systems, while optionally externalizing business rules and workflows. It is a technology framework […]

By Canadian Underwriter | May 2, 2006

2 min read