Monthly Archives: <span>January 2010</span>

Willis Extends Plumeri’s Contract

Willis Group Holdings has extended the contract of its Chairman and CEO, Joseph J. Plumeri, until July 7, 2013. His previous agreement was set to expire on the date of the company’s annual meeting in April 2011. In doing so …

Tropical Storm Magda Threatens Northeastern Australia

A report from Risk Management Solutions on tropical storm Magda places it at around 500 miles (800 kms) northeast of Port Hedland, Australia, and 520 miles (830 kms) west-southwest of Darwin, according to the Joint Typhoon Warning Center (JTWC). When …

London Market Group Aims for More Modernization in 2010

The London Market Group (LMG) aims to continue the progress made in 2009 to modernize the London market’s procedures in an effort to maintain London’s competitiveness in the global insurance market. LMG Chairman Barnabas Hurst-Bannister laid out the marketing organization’s …

UK’s Miller to Expand Cover Holder Business in Europe

London-based Miller Insurance Services Limited has appointed Alessandro Noce to their programs and facilities unit in an initiative to expand their binding authority business in Europe. . CEO Graham Clarke noted that Miller has a “strong market reputation” in the …

European Union Maintains Current Carbon Emissions Offer

The European Union will stick to its current offer in U.N. talks to cut carbon emissions to one fifth below 1990 levels over the next decade, but will raise that if others follow suit, a draft EU letter showed. “The …

Worldwide Facilities Adds Assistant VP, Broker

Worldwide Facilities Inc. has added John Matthews as assistant vice president and Debra Kaser as broker in its Irvine, Calif., office. Mathews spent 17 years with International E&S. Prior to International, he was a retail agent having spent five years …

Lawsuit Claims Arkansas DMV Database Used for Marketing

A federal lawsuit filed in the Texarkana Division of the Western District of Arkansas claims the Arkansas Department of Motor Vehicle database has been illegally used for marketing and it could affect anyone who has had an Arkansas driver’s license …

Costamagna Appointed to Engineering Contractors Association Board

The Engineering Contractors Association (ECA) appointed Joe Costamagna, account executive at San Francisco’s Woodruff-Sawyer & Co., to its board of directors. Costamagna joined Woodruff-Sawyer’s Construction Practice as an account executive in San Francisco’s North Bay in 2009. His focus is …

Yi Named Senior Client Consultant with Gallagher Benefit Services

Che Yi has been hired as senior client consultant with Gallagher Benefit Services Inc., in Greenwood Village, Colo. Gallagher Benefit Services is the employee benefits broker and consultant subsidiary of Arthur J. Gallagher & Co. Yi comes to Gallagher Benefit …

Nevada Commissioner Approves Workers’ Comp Rate Decrease

Nevada Insurance Commissioner Scott Kipper has approved a filing for an average decrease of 7.6 percent for workers’ compensation insurance voluntary loss costs and a 3.7 percent average decrease for workers’ compensation assigned risk rates. The filing was submitted by …