Guy Carpenter & Company, Inc., the risk and reinsurance specialist of Marsh & McLennan, has unveiled its new Agricultural Risks Exposures (ERA) model for Italy’s hail insurance market. “The ERA model was designed to improve risk evaluation for reinsurance treaties …
Bermuda’s Endurance Specialty Holdings Ltd. announced that Michael Fujii, who currently heads Endurance’s U.S. insurance business, would be appointed to the position of Chief Operating Officer – Insurance. He will also become responsible for Endurance’s Bermuda and U.K. insurance operations. …
Hiscox Plc, the U.K.-based Lloyd’s and specialty insurer, released its 2005 preliminary results on Monday, March 13. Although Hiscox was one of many companies whose earnings were adversely affected by last year’s hurricanes, it came through better than most, posting …
Willis Group Holdings announced that it has signed an agreement with China Development Bank (CDB), “an important economic growth engine in China,” to become its global risk management and insurance consultant. “This agreement is an extraordinary example of the potential …
California’s Department of Insurance (CDI) has reached an agreement with Marsh & McLennan Companies Inc. requiring the giant broker to fully disclose commission agreements and put a halt to harmful practices such as bid rigging. The deal follows a lengthy …
John B. Collins Associates Inc., an independent reinsurance broker, has opened a new office in California’s Orange County to serve Southern California insurers. The new office is Collins’ eleventh overall. The new office will help to service existing clients and …
A new relationship in the fixed annuity market pairs a subsidiary of one of the nation’s largest insurers with an established nationwide independent distribution channel. Washington National Insurance Company, a Conseco insurance company, and Legacy Marketing Group have signed an …
The Casualty Actuarial Society, ERM Institute International Ltd. (ERM-II), and the CAS/SOA Risk Management Section are jointly launching a major research project titled “ERM Analysis of Property-Casualty Insurance Companies.” “We are going to establish a new theoretical foundation for enterprise …
The Mississippi lawsuit to force insurance companies to honor their policies and pay for damage caused by storm surge has been remanded back to the Chancery Court of Hinds County. Since the state is seeking injunctive, the case will now …
Indianapolis-based WellPoint, Inc. said that it was named one of the top 30 companies for executive women by the National Association for Female Executives (NAFE). This is the seventh consecutive year WellPoint has been named a leading national company for …
