News

What Will Cap Challenges Cost? OSFI Asks for Assessment

With court challenges to injury liability caps underway in several provinces, Canada’s financial services regulator wants property and casualty insurers to determine what …

ING Canada Poised for M&A?

Despite a dip in third quarter investment income, ING Canada appears poised to join the acquisitions fray in the near future.
The company ended the …

Advisen hikes liability insurance cost forecast

U.S. liability insurance costs relating to the sub-prime meltdown and global liquidity crisis will likely reach US$9.6 billion, according to a forecast from …

Compliance Emerges as top business risk, says EIU survey

Regulatory risk has become the most pressing issue for international risk managers, who say it demands more of their time and resources, and …

OSFI Effective, but could be more nimble: survey

Canada’s financial industry overseer is an effective regulator but could respond faster to market changes, according to a survey of financial services executives.
Although …

Private companies know the risks, lack coverage: survey

They may be smaller, and lesser-known, but mid-sized private North American companies face the same professional liability risks—D&O, E&O, and EPL– as their …

U.S. insurers shun bailout funds

American property-casualty insurers won’t be looking to the US$700 billion bailout package for additional capital, according to the head of the country’s largest …

Analysts paint stark picture for insurers

A panel of financial analysts representing ratings agencies, property and casualty insurers and investment banking drew a bleak financial picture for North American …

IBAO Report: CEOs Address Credit Crisis Strategies

Canadian insurers are well positioned to ride out the credit crisis, according to the CEOs of four major companies featured in an October 23 …

IBAO Report: CEO Panelists Debate Loyalty

Loyalty joined the credit crisis as a major issue at the IBAO convention, as brokers quizzed CEOs on their support, and the executives …

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