Willis Group Holdings announced the appointment of Paul Owens as CEO of the newly formed Willis Global Captive Management business, effective January 1, 2014. He “will lead the formation of Willis Global Captive Management, bringing together the captive operations of …
Torus, the global specialty insurer, announced that John Milne has joined the company as Accident & Health Underwriter. The bulletin said the “appointment furthers Torus’ commitment to growing its Accident & Health business, which is underwritten through Lloyd’s Syndicate 1301.” …
Liberty Mutual Group Inc. said it will buy the 49 percent stake in the former Quinn Insurance Ltd. in Ireland that it doesn’t already own from failed lender Irish Bank Resolution Corp. The company didn’t disclose financial terms. Liberty, based …
Florida’s questionable claims rose 23 percent from 2010 to 2012, according to the National Insurance Crime Bureau’s (NICB) 2010-2012 Florida questionable claims referral reason analysis. Questionable claims (QC) are those claims that NICB member insurance companies refer to NICB for …
Agency managers tend to have a rosier view of agency operations than their employees do, according to a survey that also suggests this gap could present errors and omissions (E&O) implications. The survey reveals that while many agencies have standard …
Shreveport, La.-based Specialty Risk Associates Inc. announced that Sue LeBreton joined the firm as a commercial lines underwriter. Prior to joining Specialty Risk Associates, LeBreton worked for nine years as a senior underwriter for Southern Cross Underwriters. She also has …
Rick Gentry, executive director of the Insurance Council of Texas (ICT) since 1997, has announced that he will retire from the association at the end of March 2014. “It is hard to imagine a better professional experience,” said Gentry. “ICT …
Tyson Foods Inc. has been cited by the U.S. Department of Labor’s Occupational Safety and Health Administration for four workplace safety violations at the Hutchinson, Kan., prepared foods manufacturing plant after a worker’s hand was severed by an unguarded conveyor …
Questionable insurance claims rose by 38 percent in Texas from 2010 through 2012, the National Insurance Crime Bureau (NICB) reports. Questionable claims (QC) are those claims that NICB member insurance companies refer to NICB for closer review and investigation based …
Financial services firm Cantor Fitzgerald, which lost nearly two-thirds of its employees in the Sept. 11, 2001 attacks against the U.S., revealed a $135 million settlement with American Airlines and insurance carriers Tuesday to a judge who said the deal …
