Risk

What’s New: In brief (March 03, 2006)

The Quarter Century Club has set a date for its 47th Annual Reception. On Wed. May 3, 2006, the 47th annual event featuring “The Roasting of Bob Gouchy,” will be held at the Hilton International Toronto in the Governor Geneal Suite. New members, “Independent or Staff 25 Years Claims Service the Only Requirement,” are encouraged […]

By Canadian Underwriter | March 3, 2006

3 min read

GE Insurance Solutions reports solid renewals

GE Insurance Solutions companies (NYSE: GE) secured nearly US$1.5 billion of property and casualty reinsurance business in the recently completed Jan. 1 renewal season. The GE Insurance Solutions team recently added 62 new reinsurance treaty clients and US$149 million in new business premiums, a 14% increase in new business over the 2005 renewal season. The […]

By Canadian Underwriter | March 2, 2006

1 min read

New global reinsurance sector ratings to boost transparency

Fitch Ratings is implementing new ratings standards for the Global Reinsurance Sector that will add greater transparency to ratings. This new methodology released in the special report ‘Insurance Industry: Global Notching Methodology,’ is being implemented concurrently for the majority of international insurance sectors and follows the Dec. 14, 2005 publication of both an exposure draft […]

By Canadian Underwriter | March 1, 2006

3 min read

Devil in the Details (March 01, 2006)

In July 2001, a number of insurers and reinsurers signed an agreement with leaseholder Larry Silverstein to insure the World Trade Center. Two months later, a hijacked commercial airliner slammed into the north tower of the twin skyscraper structure. Eighteen minutes later, a second hijacked plane slammed into the south tower. Both towers ultimately collapsed […]

February 28, 2006

3 min read