Risk
Aon plc reported Friday its risk solutions revenue dropped 8%, from $1.836 billion in the third quarter of 2014 to $1.689 billion in the three months ending Sept. 30, 2015, due in part to the unfavourable impact of foreign currency translation. London-based Aon released Friday its financial results. Total revenue dropped 5%, to $2.742 billion […]
By Canadian Underwriter | November 1, 2015
2 min read
The relative calm for the (re)insurance industry cannot last forever. Catastrophes will happen and disruptive conditions persist, subjecting the market to continuing and accumulating pressure. Despite still positive returns, how long can the reinsurance industry hold out before this pressure necessitates in material change? Is the industry at, or nearing, its tipping point?
October 31, 2015
17 min read
Governments and (re)insurers need to better collaborate to leverage the industry's risk management expertise and access to capital to lighten the financial burden placed on taxpayers as a result of natural catastrophes.
7 min read
The increase in Canadian enterprises engaged in foreign supply chain procurement has attracted the attention of authorities in pursuing prosecutions under foreign anti-bribery and corruption laws. Are Canadian enterprises and their Boards of Directors aware of the heightened risk associated with these foreign dealings?
Recent figures clearly show new opportunities exist for the expansion of trade credit insurance in Canada. With the positive growth trend, which outpaces what is happening worldwide, companies need to be aware of the current conditions, developments and opportunities.
6 min read
Keeping commercial brokers informed of emerging risks and educating new MPs on the Bank Act are key priorities for Sean Duggan, incoming president of the Toronto Insurance Conference.
5 min read
It may be that it becomes the blast felt around the world. The reverberations from the August 12 explosions in China’s Port of Tianjin – believed to be the result of a warehouse fire that sparked an explosion that then triggered a massive blast – are already being felt with very quick, very real and […]
3 min read
Commercial insurance brokerage Willis Group plc reported a 4.1% increase in third-quarter commissions and fees and net income of $116 million in the three months ending Sept. 30, compared to an $8-million loss in the third quarter of 2014. London-based Willis released Tuesday its financial results for the third quarter. Total revenue for the latest […]
By Canadian Underwriter | October 29, 2015
Global reinsurer Swiss Re has reported a 12% increase in net income to US$3.7 billion for the first nine months of 2015, US$1.4 billion of which was earned in the third quarter. Swiss Re said in a statement on Thursday that all business units contributed to this result, with Life & Health Reinsurance in particular […]
Unmanned aerial vehicles, commonly known as drones, can help reduce risk in pipelines and construction, but they also create special cyber risks, a lawyer for Swiss Reinsurance Company Ltd. told insurance professionals Wednesday in Toronto. Photo: Left to right: Brittany Beatty, Tanja Maksimovic and Neelam Vyas, recipients of scholarships from the John E. Lowes Education […]
By Canadian Underwriter | October 28, 2015
4 min read
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