Chicago-based Aon Corporation announced the appointment of Barbara Spain as senior vice president and relationship manager, and Matt Reese as senior vice president and originator, for Aon Risk Services. Both will drive the company’s logistics industry initiatives, focusing on new …
Dublin-based consultants Research and Markets have announced the addition of “BPO and Sourcing Trends in Insurance (Customer Focus)” to their offering. The study concludes that the use of outsourcing continues to rise in the insurance sector “as insurers look for …
Following its positive decision last May, the European Commission formally accepted the applications by Bulgaria and Romania to join the European Union as of January 1, 2007. They will increase the number of EU member countries to 27, and will …
French investment bank Calyon has placed a $63 million securitization for the Pinnacle Risk Management Group as part of a $128 million program. The Cat Bonds and insurance-linked derivatives cover a selection of U.S. windstorm and earthquake risks. The Paris-based …
Lloyd’s announced overall first half profits of £1.3 billion ($2.553 billion), slightly below the £1.38 billion ($2.61 billion) it earned in the same period of 2005. Unfortunately Katrina, Rita and Wilma wiped out the profit and then some with £3.3 …
Under a consent order issued by Florida Insurance Commissioner Kevin McCarty, AIG Insurance Company will be required to refund or credit approximately $13.6 million in workers’ compensation, and approximately $100,000.00 in non-workers’ compensation lines, plus interest, to policyholders in the …
New Hampshire’s motor vehicles director wants elderly drivers to be tested more often. Virginia Beecher told the New Hampshire Sunday News she supports shortening the renewal time as drivers age. She said older drivers would have to take vision and …
The Hanover Insurance Group, Inc. has selected Ron Zaiger as chairperson for the company’s National Agents Advisory Council. Zaiger will chair NAAC meetings throughout the year. The independent agents who serve on the NAAC provide The Hanover’s leadership team with …
Gallo Insurance Agency, an Empire Insurance Holdings, LLC company in West Palm Beach, Fla., has acquired the individual policy business of Cove Insurance Agency in Palm Beach Gardens, Fla. This acquisition strengthens Gallo’s presence in the south Florida market place …
USI Holdings Corp. has acquired a book of business from Universal American Insurance Agency, Inc., which sells personal property and casualty coverages to home buying customers of one of the nation’s leading home builders. The book of business represents more …
