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This profile was last updated on 4/22/13  and contains information from public web pages and contributions from the ZoomInfo community.

MD - Executive Vice President - U...

ENCON Group Inc.
500 - 1400 Blair Place
Ottawa, Ontario K1J 9B8
Canada

Company Description: ENCON Group Inc. is one of Canada's leading insurance management companies, which develops and administers insurance programs and distributes them through a network...   more
Background

Employment History

13 Total References
Web References
The Cost Of Doing Business (March 2002)
www.advisor.ca, 1 Mar 2002 [cached]
Those costs have caused a spike in premiums this year, but longer term trends were already creating pressure for rate increases, says Michel Yip, underwriting manager for Encon Insurance Managers in Ottawa, Canada's biggest professional liability underwriter."It's been a very competitive market in Canada for the past 10 years.Most professional liability premiums have been flat or decreased in that time.All the insurers have been losing money on professional liability insurance for five years or more."
Engineers and architects, a big line of business for Encon, are facing premium increases of 35% to 40%, Yip says.
...
There's almost no field that isn't facing higher professional liability premiums, Yip says.
Insurers are also imposing limit restrictions, in part as a result of changes in their reinsurance terms.Where they might have offered $25 million in coverage, they are restricting coverage to $5 million.Policy conditions are changing - there are new exclusions that weren't there in the past.Deductibles are also higher, Yip says.
cdnunderwriter.com - Canadian Underwriter - 3/8/2006
www.cdnunderwriter.com, 8 Mar 2006 [cached]
"We entered this line in 1989, and from that point until 2001 we did not report a profit in any given underwriting year," Michel Yip, the managing director of Encon, says.
...
Yip adds: "Most of the time when we have to pay out a claim, there is a lack of proper documentation in the broker file."
Madison MacArthur Executive Search
www.mmsearch.com [cached]
Michael Yip- Executive Vice President responsible for ENCON's Underwriting Management Division
Globe and Mail: Appointments
tgam-rebuild.theglobeandmail.com, 19 Nov 2004 [cached]
Michel Yip, LL.L., Executive Vice-President
...
Michel Yip, LL.L.
...
Michel Yip, Managing Director, has been appointed Executive Vice-President and is responsible for ENCON's Underwriting Management division.
Michel joined ENCON in 1985 as Claims Manager of the Underwriting Management division.In 1992, Michel became Underwriting Manager for Special Risks and Directors and Officers, and in 1999 took over responsibility for all underwriting departments.Michel was appointed Managing Director in 1999.
NATIONAL POST
www.nationalpost.com, 30 Dec 2002 [cached]
Michel Yip, managing director at The Encon Group, Canada's largest professional liability firm, said some insurers are avoiding the biggest accounting firms because they handle high-profile public companies, which are perceived to be high risk.
"We don't want to pick up that liability," he said of the Ottawa-based firm."That is part of the reason why we deal with the smaller guys."
Mr. Yip said reinsurers have taken a big liability hit.
"They're the ones taking the brunt of Enron and other public accounting fiascos," he said.
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