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

HCC Names Hervy, Vezio to Manage Global International Operations

HCC Insurance Holdings has announced the appointment of Thibaud Hervy and Philippe Vezio as joint CEO’s of HCC Global’s international operations, replacing R. Matthew Fairfield. The bulletin noted that Hervy and Vezio have been with HCC Global and its predecessor …

Aon Benfield Launches First Pan-Asian Typhoon Model

Impact Forecasting, Aon Benfield’s catastrophe model development center, has launched the first fully functional Asian typhoon model to span the continent. “The new model will help insurers analyze the financial implications of typhoons and develop reinsurance programs based on scientific …

Ex-Prudential (UK) CEO Tucker Named to Head AIA before IPO

Bailed-out insurer American International Group named former Prudential plc Chief Executive Mark Tucker as head of its Asia life insurance business, AIA, and said it would seek to list AIA on the Hong Kong stock exchange. The abrupt removal of …

Canada Trade Minister Urges Action on Big Doha Issues

WTO member states must find answers to bilateral squabbles if they want to achieve any global breakthrough in free trade talks, Canada’s trade minister said Friday. In an interview with Reuters, Peter Van Loan said he would not point fingers …

Moody’s Downgrades Ireland’s Sovereign Debt Ratings; Outlook Stable

Moody’s downgraded Ireland’s sovereign bond rating by one notch to Aa2 on Monday, citing weaker growth prospects and the high costs of rebuilding the country’s crisis-hit banking system. The rating agency, which cut Ireland from Aa1, said the outlook was …

Louisiana Officials ‘Cautiously Optimistic’ About BP Well Cap

Louisiana Gov. Bobby Jindal, U.S. Sen. Mary Landrieu, D-La., and U.S. Congressman Charlie Melancon, whose district has been severely affected by the BP oil well spill, are “cautiously optimistic” about reports from BP that it has stopped the oil that …

Lance Surety Bond Associates Bridges the Surety Gap for Insurance Agencies

July 19, 2010 – Lance Surety Bond Associates Inc., a Doylestown, PA-based surety bond agency able to write bonds in all 50 states, announced that they have launched a campaign to become the surety bond source for more insurance brokers. …

Emergency Physicians Insurance RRG Hires VP of Underwriting

Emergency Physicians Insurance Co. (EPIC), a Roseville, Calif.-based medical professional liability insurance provider, has added Colleen Elkin as vice president of underwriting. Elkin will direct EPIC’s underwriting function by formulating and executing underwriting policy. She will also oversee day-to-day underwriting …

Colen Joins Keenan & Associates as Senior Vice President

Keenan & Associates, a privately held brokerage and consulting firm in Torrance, Calif., announced that Bernard Colen has joined the company as senior vice president in the public agencies property/casualty practice. Colen has nearly 40 years of experience in workers’ …

Ward Group Names Top 50 Performing P/C Insurers

The Ward Group has named the top 50 property/casualty insurers, based on its evaluation of more than 3,000 companies domiciled in the United States. Companies named to the list had surplus and premiums of at least $50 million for each …