Monthly Archives: <span>January 2002</span>

SCOR Launches Multi-Continental CAT Bond with RMS Technical Help

On Jan. 3, French reinsurer SCOR Group launched the second installment of its innovative Atlas Re catastrophe bond, with technical analysis and parameters provided by Newark, Calif.-based Risk Management Solutions (RMS) and placement by Goldman Sachs. A portion of the …

Fundamental Changes Proposed for London Market

The news burst suddenly, but not entirely unexpectedly, on the insurance industry. Confirming earlier reports, the 18-member Council of Lloyd’s issued a series of proposals to drastically restructure the way the 300-year-old market does business. If adopted, unlimited liability would …

Calif. Legislators Craft Tentative Agreement on Workers’ Comp Reform

After vetoing SB 71 last fall, California Gov. Gray Davis made a pledge that he would reach out to legislators and others to comprise a reform bill addressing workers’ compensation. Now, it appears Davis and legislative leaders have formulated a …

ExpressLink To Provide Insurance Distribution Platform To Nation’s 22,000 Franchise Auto Dealers

Cartel Marketing and TurboCoverage, Inc., providers in dealer point-of-sale auto insurance, have formed a new company to provide online insurance to carbuyers in dealerships. The new company is called Expresslink Inc.,www.explink.com. ExpressLink’s insurance platform leverages the strength of Cartel’s 20-year-old …

Ore. Insurance Division to Hold Public Meeting on License Testing Program

The Oregon Department of Consumer and Business Services, Insurance Division, will hold a public meeting Tuesday, Feb. 19 to discuss the testing program for insurance licenses. Among those in attendance will be officials from the Division and representatives of Experior …

USI Holdings Corp. Makes Senior Executive Appointments

San Francisco-based USI Holdings Corporation announced that its Chairman and CEO since its founding in 1994, Bernard H. Mizel, is retiring from USI and will be succeeded by David L. Eslick, who has been President and COO since July 1998. …

IBA West President Pledges to Serve Diverse Communities

With the installation of Joseph Hernandez as president, the West Coast’s largest regional trade association of independent agents and insurance brokers will enter a new era where the insurance industry and political landscape more accurately reflect the racial and cultural …

DWL Launches PnC Agent Broker Application

DWL Incorporated, a provider of Unified Business Services software, has released version 2.0 of DWL Insurance for Property & Casualty Agent/Broker Application. The application is the only one of its kind enabling self-service transactions for agents and brokers on an …

ACT Technology Seminar Now Available Online

An informative Agents Council for Technology (ACT) seminar on new and innovative agency technology is now available on the Independent Insurance Agents of America’s (IIAA) web site. The online offering is a PowerPoint presentation and audio recording of a seminar …

Bessette named Senior VP, Chief Administrative Officer of The St. Paul Cos.

The St. Paul Companies appointed Andy Bessette as senior vice president and chief administrative officer. Bessette will oversee Administrative Services, Corporate Communications, Community Affairs, Government Affairs and Telecommunications. He will report to Jay Fishman, chairman and chief executive officer. Bessette …