Risk

Finite Matters

Well-publicized investigations of "finite risk reinsurance" in the U.S. have cast a pall over many of these "non-traditional" products. Specifically, the Securities Exchange Commission (SEC) and New York's attorney general Eliot Spitzer have put a 2000/2001 arrangement between General Re and American International Group squarely in the spotlight of regulatory scrutiny. As regulators continue to closely monitor the nature of more complex financial reinsurance transactions, the twin themes of legitimate risk transfer and transparency emerge as paramount.

April 30, 2005

9 min read

Staying on the Road

In CU’s article “The Politics of Leasing” from the March 2005 issue, Glenn McGillivray dealt with the challenges faced by automobile leasing companies and their insurers in light of recent precedent setting settlements. While the CFLA and others step up lobbying efforts in the hopes of obtaining an amendment to the Highway Traffic Act, car […]

April 30, 2005

8 min read

CAMIC Mid-Year Meeting: Cautious Steps

As Canada's mutual insurers met in Toronto recently, expansion was very much on the minds of everyone. Mutuals are looking to expand their own membership to include other insurers closely aligned with their concerns. At the same time, the end of the hard market means a time when marketshare growth tempts. In both instances, a cautious, measured approach to expansion was urged.

April 30, 2005

5 min read

Promoting Resilient Homes

The intensity and frequency of severe weather events is increasing globally. Concentrated population growth is also rising - particularly in areas which are more weather disaster prone. Can the insurance industry positively influence social developments to promote safer living? I believe it can and should play a crucial role in this regard.

April 30, 2005

6 min read