Agenda and Speakers Announced for A.M. Best Company's Canadian Insurance Industry Conference.OLDWICK, N.J. -- A.M. Best Co. will host a comprehensive one-day conference in Toronto to explore the issues facing the Canadian insurance industry. The 2007 Review & Preview Conference--Canadian Update will be held on September 21, from 8:30 a.m. to 3:00 p.m. at the Westin Harbour Castle, located in the heart of Toronto's financial district. A preconference cocktail reception will be held the evening of September 20 at Toula Restaurant. Previously, A.M. Best has hosted Review & Preview events in both the United Kingdom and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Speakers for the Review & Preview Conference--Canadian Update include A.M. Best Company's senior property/casualty, life/health and capital markets analysts, as well as prominent leaders in the Canadian insurance market. Conference presenters and presentations include: * Co-operators Group, Ltd. President and Chief Executive Officer Kathy Bardswick, along with Northbridge Financial Corp. President Mark Ram addressing the state of the market. * The Office of the Superintendent of Financial Institutions The Office of the Superintendent of Financial Institutions or OSFI is an independent agency of the Government of Canada reporting to the Minister of Finance created "to contribute to public confidence in the Canadian financial system". Director of Insurance D. Bruce Thompson, along with KPMG KPMG Klynveld Peat Marwick Goerdeler (accounting firm) KPMG Kaiser Permanente Medical Group KPMG Keiner Prüft Mehr Genau (German) KPMG Kommen Prüfen Meckern Gehen National Director of Insurance Industry Practice Neil Parkinson, will provide perspectives on regulation, taxation and accounting. * Swiss Re Swiss Re is the world’s largest reinsurer, now that it has acquired GE Insurance Solutions (Ligi 2006). Founded in 1863, Swiss Re now operates in more than 30 countries. General Electric owns 8.9% of the firm. Canada Chief Executive Officer Jean Jacques-Henchoz and Munich Reinsurance America Munich Reinsurance America (also called Munich Re America), formerly known as American Re Corporation before September 2006,[1] is one of the top providers of property & casualty reinsurance in the US (along with General Re). It is a subsidiary of Munich Re. , Inc. Chairman and Chief Executive Officer John Phelan will explore development in the Canadian and global reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. markets. * Sun Life Financial, Inc. Chief Risk Officer Michael Stramaglia and A.M. Best Vice President Edward Easop will address enterprise risk management. * A.M. Best Vice President Steve Irwin
Stephen Robert Irwin (February 22, 1962 – September 4, 2006), known simply as Steve Irwin and nicknamed "The Crocodile Hunter , along with Assistant Vice President Robert DeRose and Managing Senior Financial Analyst Joseph Burtone, will explore the rating outlook for the property/casualty, life and reinsurance segments. * Discussing rating criteria updates will be A.M. Best Managing Senior Financial Analysts Joseph Burtone, Charles Huber and Stephanie Guethlein McElroy. * A.M. Best Vice President Edward Easop will address A.M. Best's Capital Adequacy Ratio Capital adequacy ratio (CAR), also called Capital to Risk (Weighted) Assets Ratio (CRAR)[], is a ratio of a bank's capital to its risk. National regulators track a bank's CAR to ensure that it can absorb a reasonable amount of loss. . For more information on A.M. Best Company's 2007 Review & Preview Conference--Canadian Update, please call (416) 489-2600 or e-mail canada.marketing@ambest.com. To register for the conference, please visit www.ambest.ca/reviewpreview. Conference registration is limited and costs C$350. Founded in 1899, A.M. Best Company is a full-service credit rating organization dedicated to serving the financial services industries, including the banking and insurance sectors. For more information, visit www.ambest.com. |
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