Risk

Lloyd’s flexibility showing in 2004/5: Benfield

The financial strength of Lloyd’s, as well as its flexibility, have been evident since 9/11, according to a new report on the London market by reinsurance broker Benfield Group.Lloyd’s maintains a strong competitive position with the significant increase in market capital seen over the past three years. And while capacity for 2005 is likely to […]

By Canadian Underwriter | December 2, 2004

2 min read

Analysts predict U.S. growth to stall in 2005

Economic signs in the U.S. are far from positive, according to a survey of 45 economists by Swiss Re. The biannual “economic risk” survey found economists perceive a 13% chance of a stock market crash defined as a 25% minimum decline in a major stock market index as about 13% for both the U.S. and […]

By Canadian Underwriter | December 2, 2004

1 min read

Industry putting $2 million towards winning public confidence

Canadian p&c insurers have earmarked $2 million to invest in strategies to win back public confidence following recent years of consumer backlash against the industry, says the outgoing chair of the Insurance Bureau of Canada (IBC).State Farm Insurance Cos. senior vice president Robert Cooke, in his final address as chair at the IBC’s annual general […]

By Canadian Underwriter | December 1, 2004

2 min read

Point of Attachment

Stepping away from big-city insurer Kingsway General and into the agriculturally-based world of mutual insurers might have been a culture shock to some. But for Steve Smith, CEO of the Farm Mutual Reinsurance Plan (FMRP), it was more like coming home. Now, with a combination of street smarts and respect for the mutual tradition, he […]

November 30, 2004

7 min read