Industry
Michel Turcotte, senior director of risk management and insurance at Ivanhoe Cambridge, Inc. in Montreal., has been named the recipient of the 2012 Donald M. Stuart Award. Widely recognized as Canada’s highest honour within the risk management field, Turcotte was presented the award during Horizons: 2012 RIMS Canada Conference in Saskatoon, Saskatchewan on Sept. 11. […]
By Canadian Underwriter | September 11, 2012
2 min read
Property and Casualty Insurance Compensation Corporation (PACICC) is offering a three-part enterprise risk management (ERM) seminar to its member companies this fall. The seminars will be held at the Toronto head office of KPMG. Members can attend in person or participate via webinar, and are geared toward senior insurance company officers who are directly or […]
1 min read
Getting a handle on emerging risks that can hit an organization hard is aided by adopting a mindset of pessimism, Susan Meltzer, vice president of enterprise risk management (ERM) for Aviva North America, suggested to workshop attendees at Horizons: 2012 RIMS Canada Conference in Saskatoon on Sept. 10. That pessimism is best applied not only […]
Canada’s federal financial services regulator released its final set of guidelines related to legal requirements, qualifications and peer review for appointed actuaries. Guideline E-15, first issued in 2003, governs, among other things, the process of external peer review, which the Office of the Superintendent of Financial Institutions (OSFI) says has “generally been accepted over the […]
A new report observes that property catastrophe reinsurers deserve their high credit quality rating because of their track record in claims payments, market disclosure and management processes. Aon Benfield’s Credit Risk of Property Catastrophe Reinsurers examines the credit quality of reinsurers since 2000. The reinsurance intermediary of Aon notes that in the past 12 years, only […]
Claims
The Trepanier forest fire that destroyed four homes in the central Okanagan region of British Columbia has been 75% contained, the area’s Emergency Operations Centre said Sept. 11. “Cooler temperatures and low wind overnight have provided ideal conditions for fire fighters monitoring the still active…fire,” the centre noted in a statement. Three homes and one […]
Tropical storm Leslie made landfall in Newfoundland’s Burin Peninsula the morning of Sept. 11, with hurricane-force gusts and heavy rainfall causing some property damage and flooding in parts of the Atlantic provinces. Tropical storm watches are in effect for areas of eastern and southern Newfoundland, meaning winds of 63km per hour or more are expected […]
There is a positive side of risk, one that holds the promise of creating value for organizations and contributing to risk management becoming more entrenched in organizational culture and decision-making. That was among the views that Deborah Luthi, president of U.S.-based RIMS and enterprise risk manager for the San Francisco Public Utilities Commission, shared with […]
By Canadian Underwriter | September 10, 2012
Catlin Canada is looking to make it a little easier for students entering the insurance/risk management field of study with its donation of $20,000 to the William H. McGannon Foundation. The official cheque was to be presented during an event at Horizons: 2012 RIMS Canada Conference in Saskatoon, Saskatchewan on Sept. 10. The McGannon Foundation […]
The debt crisis in Europe, interest rate sensitivity and the shifting nature of catastrophe losses are among the top risks to the reinsurance industry’s profitability, according to risk and reinsurance specialist Guy Carpenter and Company LLC. In its mid-year market report, Overcoming Key Risks on the Road to Profitable Growth, released during the reinsurance industry’s […]
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