Industry
Global insurers’ satisfaction level with their enterprise risk management performance grew by 10 percentage points over the last two years, according to a survey released on Tuesday by global professional services company Towers Watson. The 10 percentage point increase was highlighted by a 16-percentage-point increase in Asia Pacific (51% vs. 35%), though it was less […]
By Canadian Underwriter | April 28, 2015
3 min read
Commercial insurance carrier and reinsurer PartnerRe Ltd. released Monday its financial results for the three months ending March 31, reporting a 2% drop in net premiums earned, a 1.1-point improvement in its combined ratio and a 20.8% drop in net income. Pembroke, Bermuda-based PartnerRe has a branch office in Toronto and is licensed to write […]
4 min read
The Co-operators and Sunshine Coast Credit Union (SCCU) announced on Monday that they have entered into an arrangement to provide clients and members with more convenient access to each organization’s products, services and expertise. The Co-operators has relocated its advisor’s office in Gibsons, British Columbia to be side-by-side with SCCU’s Gibsons branch and head office, […]
By Canadian Underwriter | April 27, 2015
2 min read
NEW ORLEANS, La. – Janice Ochenkowski, international director of global risk management for Jones Lang LaSalle in Chicago (pictured below), was honoured today with the Harry and Dorothy Goodell Award. Named for the first president of RIMS, the risk management society – and viewed as the society’s most prestigious honour – the award pays tribute […]
NEW ORLEANS, La. – The key to preparing risk managers for the uncertainties that lie ahead can be found in strengthening their greatest asset: their networks, Rick Roberts, president of RIMS, the risk management society, said Monday. Speaking during the opening session of the RIMS 2015 Annual Conference & Exhibition in New Orleans – itself […]
Autonomous vehicles (AVs) will lead to a major disruption in the auto insurance sector, affecting the industry’s entire business model, suggested a speaker at the Insurance Telematics Canada 2015 conference on Friday. Barrie Kirk, executive director of the Kanata, Ont.-based Canadian Automated Vehicles Centre of Excellence, told attendees that AVs will be fleet-owned, so there […]
NEW ORLEANS, La. – The growing international demand for new buildings and infrastructure presents a significant opportunity for contractors, but with that opportunity comes risk, including environmental exposures, that must be evaluated before embarking on any such venture, recommend two senior officials with ACE. “As the economies of developing nations mature, they need to meet […]
Commercial brokerage Arthur J. Gallagher & Co. released Friday its financial results for the quarter ending March 31, reporting a 44% year-to-year drop in net earnings while revenues were up 35%. Gallagher, based in the Chicago suburb of Itasca, Ill., reported net earnings of $32.4 million on revenues of $1.231 billion in the most recent […]
The Chubb Corp. released Thursday its financial results for the three months ending March 31, reporting a 9.5-point improvement in its personal-auto combined ratio, a 1.4% increase in overall premiums and a 5.9% drop in investment income. Warren, N.J.-based Chubb is the holding company that owns the property & casualty insurance carriers – including Chubb […]
By Canadian Underwriter | April 24, 2015
Insurers providing usage-based insurance (UBI) in Quebec are advised that they must manage not only their own risks, but also those associated with outsourced activity, Julien Reid, senior director of financial institutions oversight and deposit insurance for the Autorité des marchés financiers de Québec, said during Insurance Telematics Canada in Toronto Thursday. The insurer […]
We use cookies to make your website experience better. By accepting this notice and continuing to browse our website you confirm you accept our Terms of Use & Privacy Policy.
