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

Anatomy of a large account sale

This October marks my 31st anniversary in the insurance industry. Many things have changed since my first insurance sale. Initially, my experience and confidence level precluded me from effectively pursuing larger or complex accounts. As my knowledge base, and experience …

Canada’s Sun Life Selling Reinsurance Unit to Berkshire Hathaway

Canadian insurer Sun Life Financial Inc. said Wednesday it would sell its reinsurance business to Warren Buffett’s Berkshire Hathaway after months of looking for a buyer for the profitable unit. Sun Life did not disclose sale terms for the business, …

Hawaii Requires Fingerprints for New Resident Insurance Licensees

Beginning Nov. 1, 2010, all applicants for an insurance license who are residents of Hawaii must submit a full set of fingerprints as a requirement of licensing. If the applicant is required to take a licensing exam, the applicant may …

Zurich Names O’Neill as Broker Relationship Leader

Tricia O’Neill has been appointed as broker relationship leader for the North American business’ wholesale distributor locations for Zurich. O’Neill’s focus will be on developing and executing Zurich’s strategy for profitable growth at the national level, including strengthening national relationships …

Business, Labor Battle Over Wash. Workers’ Comp Initiative

A seemingly dry topic that actually generates some of the most heated political battles in Washington state is on the ballot for voters this year: workers’ compensation insurance. Washington is one of four states that doesn’t allow private companies to …

Group: New York City Building Industry Still Slowing

A business group says the economic downturn is still having an effect on New York City’s construction industry — a key driver for commercial insurance spending in the region. The New York Building Congress says construction spending in the city …

Survey: Private Firms Expect Growth, Employee Theft and Data Breach

Nearly half (44 percent) of private company executives expect their firms will add jobs by year end, and more than half (54 percent) plan to expand product or service offerings. Another 12 percent of those same executives anticipate completing a …

Texas Lawmaker Presses on with TWIA Settlement Information Request

Texas State Rep. Larry Taylor (R-Friendswood) has filed a mandamus petition in the 1st Court of Appeals in Houston seeking relief from a temporary stay of his request for information concerning a $189 million settlement between the Texas Windstorm Insurance …

Amica CEO DiMuccio Elected Chair Of Insurer Group PCI

The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors during its annual meeting examining in Colorado Springs. Robert A. DiMuccio, chairman, president and chief executive officer, Amica Mutual Insurance Co., was elected as …

Forecast AIA Shares Set to Rise by 11% on Debut after Record IPO

AIA Group Ltd is expected to post a double-digit gain in its trading debut on Friday as investors scramble for a slice of one of Asia’s most recognized life insurance brands after its record Hong Kong IPO. AIA’s wide Asian …