Risk

SCOR loss widens on reserves, stock market woes

Prior-year reserving and the stock market downturn have combined to drag SCOR Group into the red even deeper than predicted for 2002. The French insurer is posting a loss of EUR 455 million (Cdn$730 million), higher than the EUR 400 million (Cdn$640 million) forecast late in 2002, and worse than the loss of EUR 278 […]

By Canadian Underwriter | April 1, 2003

2 min read

Secret Recipe to Efficiency

The company’s semiannual meeting of our “broker liaison group” had gone well. These “BLG” gatherings were often referred to as the “bitching, lying and gloom sessions”, however, this one had moved along quite smoothly. Our president had first welcomed our roomful of leading brokers, and delivered a brief “state of the union” address including an […]

March 31, 2003

10 min read

National Broker Roundup: Back to Dating

Insurers and brokers have always emphasized the close working relationship that has afforded both segments of the property and casualty insurance industry to not only survive, but presumably to prosper. Just over two years ago – the year 2000 BHM (before the hard market) – insurers were falling over themselves to sign brokers on through […]

March 31, 2003

11 min read

Clearing Canada’s Brownfields

In the late 1990s, CU published several articles on brownfields work being done by the National Round Table on the “Environment and the Economy” (NRTEE), which led to their “State of the Debate” report in 1998. Since then, a further government request came in the December 2001 federal budget for the NRTEE to produce a […]

March 31, 2003

5 min read