News
With the potential of gaining profit on underwriting limited by the soft market, property and casualty insurers are increasingly looking at ways of boosting their investment earnings. However, in today's volatile investment markets, coupled with a low interest rate environment, the task of achieving an above average return is easier said than done -- but not impossible. Appropriate risk rating and investment strategy implementation can generate higher gains.
September 30, 1999
5 min read
Individual Registrants 14,311 14,372 14,256 14,067 98/99 97/98 96/97 95/96 Individual Registrants 14,311 14,372 14,256 14,067 Active Businesses *1,524 *1,592 *1,692 1,848 Average Number 9.4 9.0 8.4 7.6 of Registrants per Business source: ribo RIBO outline of the function of a BROKER VERSUS AGENT: BROKER: A Broker is an independent intermediary between the parties to […]
15 min read
The recent acquisition of insurance wholesale broker KMS Insurance by consolidator The Hub Group emphasizes the change consolidation is bringing about throughout the broker distribution channel. Wholesale brokers and managing general agents have been brought into the market fray of soft rates and the eternal drive for cost-efficiency. Is there a future for this particular breed of broker -- most of the players believe so, but each appears to be taking a different course.
Angela Haywood, the 1998 winner of The Sovereign Award, which each year recognizes superior achievement by a graduate of the Risk and Insurance Management Program at the University of Calgary, is congratulated by (left) P.A. Parkin, Sovereign General’s vice president of branch operations and (right) M.J. Goertzen, Sovereign’s Alberta branch manager.
1 min read
The Risk and Insurance Management Society (RIMS) has announced Christine Zahn has been named as the new director of events management and Mary Roth has been named to the newly created position of deputy executive director. Zahn, who joined RIMS in 1989 as a conference assistant, will oversee all planning aspects of the RIMS Annual […]
2 min read
Canada is big business — amounting to some $17 billion each year. And, although Canada’s money recycling black market is minor in global terms (which the U.N. estimates to be $1 trillion worldwide), there are weaknesses in the current financial business system which have garnered international attention. As such, Canada’s legislators recently proposed amendments to […]
Last June the federal government released its white paper on financial services regulation. While the gist of the paper was very much in favor of protecting the existing rights of members of the property and casualty insurance industry, contained within the proposed legislation are three areas of issue: The future establishment of a federally-charged ombudsman […]
9 min read
With year 2000 reinsurance treaty negotiationscurrently in full swing, there is a desperate hope among the players that rates will return to moresensible levels. However, faced with increasedcompetition, both locally and globally, reinsurersanticipate a long road ahead before the soft market cycle is broken. CU surveys the top reinsuranceCEOs in Canada to identify their strategies […]
August 31, 1999
16 min read
Since reforms in the mid-1990s, more and more corporate capital is flowing into Lloyd's of London -- much of it from some of the world's most noted reinsurers. Could this injection of new capital forge the rebirth of the world's most unique insurance market?
Foods that hit New Brunswick and Nova Scotia the week of July 26 have formed one of the largest insured losses to hit Atlantic Canada this decade. Close to 900 claims have been submitted to date and insurers predict damages will reach $5.6 million in Moncton, New Brunswick and $2.5 million in Antigosh, Nova Scotia. […]
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