Monthly Archives: <span>June 2015</span>

Ethics, Education and YOUR Personal Standards!

Insurance is necessary for the survival and growth of any free market economy. Because of this necessity, insurance practitioners are expected to practice applying a high ethical standard; they are expected to know their profession. Education is one part of …

ThoughtWorks Provides New Thinking for Insurers’ Software Needs

Wardour Street in Central London’s SoHo district has long been known for film and TV productions, but it’s now home to hi-tech enterprises as well. Jaydeep (Jay) Korde, client principal at ThoughtWorks, one of the most innovative creators of what …

Newbridge Writes Political Violence, Terrorism Risks via Castel MGA Platform

Newbridge Risk Partners has launched operations on Castel Underwriting Agencies MGA formation platform, targeting political violence and terrorism risks in emerging markets. The new underwriting cell will be focused on the emerging markets regions including, but not limited to, MENA …

ACE Appoints New Country President for Vietnam

ACE Group announced the appointment of Dang Hoang Tung as its new country president for its general insurance operation in Vietnam, effective June 29. Dang succeeds Christopher Twomey, who will return to the U.S. to take up a role in …

Flitcroft Named Managing Director of Gen Re Australia, Regional Treaty Manager

Gen Re announced that Andrew Flitcroft will assume the role of managing director of General Reinsurance Australia and regional treaty manager for the Asia Pacific region, effective July 31. He will take over for Pietro Toffanello who has taken on …

Main Street America Appoints Root as VP in Florida Headquarters

The Main Street America Group announced Janet Root has been appointed vice president of internal audit at the super-regional property/casualty insurance company. She replaces former internal audit vice president Dave Medvidofsky, who was recently appointed as the organization’s vice president …

Florida High Court Removes Judge Over Misconduct in Progressive Injury Cases

A Broward County judge will be removed from the bench for misconduct committed eight years before she was elected to the post. The Florida Supreme Court ruled June 18 that Judge Laura Watson isn’t fit to serve as a judge …

Fire Destroys Alabama Apartment Complex

Four people have been injured in a fire that destroyed a Bessemer, Ala., apartment complex. Multiple news outlets report the fire broke out Sunday evening at the General Clay Apartments. According to Battalion Chief Kenny Ray, the fire may have …

North Carolina Approves Amendments to Captive Insurance Law

Amendments proposed to the North Carolina Captive Insurance Act by the North Carolina Department of Insurance were met with unanimous support from the N.C. General Assembly and signed into law on June 19, 2015. Some of the amendments include: Clarifying …

Reitzel Joins NAS Insurance Services in Minneapolis

NAS Insurance Services has expanded its Specialty Reinsurance and Programs team with the addition of Joe Reitzel in Minneapolis, Minn. Reitzel will serve as senior vice president of the division. NAS Insurance, based in Encino, Calif., is a full-service specialty …