News

Bulletin: New President for SGI

Longtime insurance executive Andrew Cartmell has taken the helm at Saskatchewan Government Insurance (SGI). The insurer named Cartmell, a former Co-operators regional vice …

Wildfires increasing due to climate change, say scientists

U.S. scientists say climate—not high temperatures or longer fire seasons—is the most significant factor in wildfires.
The increase in wildfires in the Western United States …

Expanding wildfire season adds to insurers’ burden

Though not as severe as the 2007 wildfire season, the 2008 season included about $640 million (US) in direct property losses from three …

P&C Income Down by 87% in Q1: A.M. Best

Shaky underwriting and investment markets pushed P&C net income down by 87% in the first quarter of 2009.
The industry saw net income fall to …

Bulletin: S&P Lowers Ratings for AIG Units, 21st Century

Ratings agency Standard & Poor’s has lowered the counterparty credit and financial strength ratings for the personal lines units of AIG and 21st …

Institutional investors look for better risk management

Demand is increasing amongst institutional investors and investment managers for information and analytics to support risk management, and a need to improve their organizations’ ability …

Bulletin: August Deadline for Feedback on OSFI Capital Principles

As the Office of the Superintendent of Financial Institutions (OSFI) works toward new risk measurement techniques for the Minimum Capital Test (MCT), it …

Recession Hits Life Premiums, as Emerging Markets Thrive: Sigma Report

Global P&C insurers are showing more recession resilience than their life insurance counterparts, according to a Swiss Re sigma study that reveals strong …

Poor company values push executives to look elsewhere

The 2009 BlueSteps Executive Mobility Survey found that 75% of currently employed executives are likely, or very likely, to consider a new job …

Sales, Stumbles Continue for AIG

AIG continues to shed holdings as it streamlines operations—its Colombian-based consumer finance operations are the latest businesses on the block, the company announced …

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