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

Finaccord Reports on Bancassurance in Global Markets

A new report from UK based market research, publishing and consulting firm Finaccord notes that “emerging markets in the Asia-Pacific region and Latin America offer the most growth potential for bancassurers but the magnitude and nature of opportunities vary greatly …

Hong Kong’s Peak Re Licenses AIR Worldwide Catastrophe Modeling Systems

Catastrophe modeling firm AIR Worldwide announced that Hong Kong-based Peak Reinsurance Co. Ltd., which focuses on the Asia-Pacific market, has selected AIR’s catastrophe modeling solutions to manage its catastrophe risk. “Catastrophes are a growing concern in the Asia-Pacific region as …

Aon Benfield’s Impact Forecasting Launches New Cat Scenario Models

Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a suite of new scenario models to generate loss estimates for specific historic or hypothetical events. The bulletin noted that “loss estimates for events such as …

Recently Formed MDS Africa Names Mora Director

MDS Group, the Iberian, Latin American and African insurance broker, announced the appointment of Tiago Mora as a director of its recently formed fully owned subsidiary MDS Africa. The company was launched in 2012 to target insurance and risk consulting …

Directors and Officers Liability Market Firming: Towers Watson

The directors and officers liability market continued to see price increases in 2012, with more private/not-for-profit organizations reporting rate increases than public organizations but, according to a new industry survey. Overall, the D&O marketplace is in a state of transition …

Titan Claims Management Announcing “Best in Class” Services

San Diego, CA 3/14/13 – Titan Claims Management is announcing their premier “Best in Class” services to include claims oversight to third party administrators, self-insured employers and insurance carriers for claims handling standards, full service medical management and all other …

Insurance Weighs in on Working from Home

Working from home has become a hot topic following Yahoo Inc. CEO Marissa Mayer’s announced plans in late February to bring telecommuters back into the office, and the issue is being taken up by some insurance firms, many of which …

The Institutes in Pennsylvania Names Director of Member Knowledge for CPCU Society

Nichole Ritz joined The Institutes as director of member knowledge for the CPCU Society. She is responsible for developing and implementing an effective strategy that will achieve the CPCU Society’s strategic goal of providing members with relevant knowledge. Ritz has …

Missouri Golfer Survives Mid-Round Illinois Sinkhole

When it comes to dealing with this divot, score one for Missouri golfer Mark Mihal. The St. Louis Post-Dispatch reports that the mortgage broker from Creve Coeur, Mo., is recovering after a sinkhole opened up beneath him on the fairway …

N.Y. Proposes Establishing Private Right of Action for Insureds Suffering Disaster Losses

A New York legislator proposed a new bill that would establish a private right of action for the insured for unfair insurance settlement practices when the claim relates to loss or injury in regions where the governor has declared a …