Monthly Archives: <span>March 2013</span>

Falcinelli Joins LIU to Expand Marine Risk Engineering Services

Liberty International Underwriters (LIU), part of the Global Specialty unit of Liberty Mutual Insurance, announced that Richard Falcinelli has joined the company as vice president, senior manager of marine risk engineering for the Americas. He will have responsibility for LIU’s …

Donors, Relief Organizations Meet on CCRIF’s New Excess Rainfall Product

The Caribbean Development Bank (CDB) and the Caribbean Catastrophe Risk Insurance Facility (CCRIF) hosted a strategic donor meeting at the offices of the CDB in Barbados on March 6, 2013 to discuss ways to support CCRIF’s new excess rainfall product …

Fahad Al-Hesni Joins MENA Insurance CEO Club

The MENA Insurance CEO Club (MICC) has welcomed Fahad Al-Hesni, Managing Director and CEO of Saudi Re, as one of the new members to be inducted in 2013. The group is a networking platform dedicated to exchanging ideas and sharing …

Fitch: Survey Finds P&C Insurers’ Profits Up; Reinsurers Recovering

“Property/casualty insurers’ operating profits improved in 2012, driven by reduced incurred losses from natural catastrophes and core loss ratio improvements from recent underwriting and pricing actions,” concludes a report from Fitch Ratings. The survey is a “compilation of full-year GAAP …

Report Warns of Rise in Maritime Crime in South East Asia

UK’-based marine intelligence provider, Dryad Maritime, is releasing a special report – “Special Advisory Southeast Asia. Disorganized theft to organized crime” – which will focus on the rise of targeted hijackings in South East Asia. The advisory, to be released …

Report: Japan PM Abe’s Pacific Trade Pact Gambit Pays Off, for Now

Japan’s Prime Minister Shinzo Abe’s first politically risky step of declaring the country’s intent to join talks on a U.S.-led Pacific Rim free trade pact appears to be paying off as his record high ratings edge even higher. Public opinion …

India Finance Minister Wants ‘Outdated’ Caps on Foreign Investment Relaxed

India’s Finance Minister P. Chidambaram advocated the removal or relaxation of “outdated” caps on foreign direct investment (FDI) in different sectors, including insurance, as his government struggles to revive an economy that has posted its weakest growth in a decade. …

Michigan Association of Professional Insurance Agents Hosts Astonish’s One-Day Modern Consumer Training on March 28

Warwick, RI, 3/18/13 – Astonish, a leading digital marketing solutions and sales training provider for insurance agencies, encourages local insurance agency principals, CEOs, and presidents in Michigan and surrounding areas to attend a free one-day sales and marketing training event …

Maryland Researchers Issue Fracking Recommendations

Researchers commissioned by a state panel studying natural gas drilling in western Maryland have come up with recommendations. The researchers studied hydraulic fracturing, which uses sand, water and chemicals to free gas from shale. The technique has sparked an energy …

N.Y. Gov. Cuomo: Banks Release $112M to Sandy Victims

New York Gov. Andrew Cuomo’s administration says banks and mortgage service companies have released $112 million in insurance checks intended for victims of Superstorm Sandy, but delayed by bureaucracy. The New York Department of Financial Services had sought to free …