Property/casualty insurance brokers who aren’t diligent about the accounts they’re presenting to American International Group risk being discovered through one of the features of the carrier’s analytical process, AIG’s CEO Bob Benmosche said Friday. Speaking on an earnings conference call …
Global art insurance specialist AXA ART announced the appointment of Jean Gazançon as Chief Operations Officer. He has also been appointed as a member of the Executive Management Board of AXA ART Versicherung AG. Gazançon has oversight responsibilities “for AXA …
The first Asia Reinsurance Barometer, published by the Qatar Financial Center (QFC) Authority, concludes that the “region’s reinsurance markets are still bustling with confidence, although the outlook on pricing and profitability for the next twelve months is slightly waning.” Asia’s …
“One of the growing concerns among multinational risk managers is global insurance program compliance,” a bulletin from Lockton notes. As a result the global insurance broker has launched a new online system called “Lockton Compass” to help finance executives and …
ING Groep NV, the biggest Dutch financial-services company, will complete its reorganization two years earlier than planned after winning regulators’ permission to combine its Japanese insurance unit with European operations in a 2014 initial public offering. Under its agreement with …
Greenhouse gas emissions in 2020 will be 8 billion to 12 billion tons more than the level needed to keep global warming to only 2 degrees Celsius [3.6°F] and avoid severe climate change, a United Nations report estimated on Tuesday. …
RSA Insurance Group Plc tumbled after the U.K.’s biggest non-life insurer by market value said it will miss its profitability target in the wake of last week’s European windstorms. Wind damage in Europe and continued adverse weather in Canada will …
A Harahan manufacturing company has had to recruit outside Louisiana for skilled trade workers. The Laitram Corp. isn’t alone in its difficulty finding trained workers for such jobs as electricians and welders. Turner Industries Group, an industrial construction and vessel …
Leavitt Central Coast Insurance Services named Omar Perez vice president of alternative risk and affinity programs. Perez specializes in risk management and self-funded risk financing alternatives for commercial insurance clients. He has more than 30 years’ experience in the industry, …
Marsh & McLennan Agency LLC (MMA), a subsidiary of insurance broker Marsh Inc., announced the acquisition of Elsey & Associates, a $4.5 million revenue agency based in Spring, Texas. Terms of the transaction were not disclosed. Founded in 1978 as …
