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

Penn. Lawyer Indicted for Insider Trading Ahead of Nationwide-Harleysville Deal

A former partner at a Philadelphia law firm has been charged with insider trading linked to a client’s merger with another insurance firm. Federal prosecutors have charged Herbert Sudfeld with making $75,000 by purchasing stock in Harleysville Insurance the day …

Price is Important! Well, Not So Much!

What steps do you take to assure your client has the best insurance carrier? The “best” carrier is the one that best combines coverage (protection), service, and price. Coverage (Protection) Why do your clients buy insurance? Most say, “Because they …

Hartford Names Gen Re’s Tooker as P/C Insurance Chief Underwriting Officer

The Hartford has named A. Morris “Mo” Tooker as executive vice president and chief underwriting officer for the company’s property/casualty insurance businesses. Tooker will oversee underwriting across The Hartford’s Small Commercial, Middle Market, Large Commercial and Personal Lines segments. He …

Marsh Names Bailey Head of Global Sales

Insurance broker Marsh has appointed Don Bailey as head of global sales. Based in New York, Bailey will be a member of the Marsh Executive Committee and report directly to Peter Zaffino, president and CEO of Marsh. In this role, …

QBE North America Adds Fry, Remy as Specialty Program Underwriting VPs

QBE North America announced two new underwriting vice presidents in the company’s Specialty Programs unit – Erin Fry and Bob Remy. Fry joins QBE from XL, where she was vice president and head of professional liability programs. She will be …

Zywave Acquires Insurance Agency Digital Marketing Firm Intygral (Astonish)

Insurance software provider Zywave said it has completed the asset purchase of Intygral, formerly Astonish, a provider of automated marketing for property/casualty personal lines brokers. Terms of the transaction were not disclosed. The Intygral system provides automated, industry-specific prospecting campaigns. …

How Social Media Enhances Value of Luxury Cars

David Beckham may have more of an influence on you than you think. According to analysis by Black Book, the prevalence of modern and classic luxury cars on social media platforms like Instagram directly influences their resale value. So when …

Judge Finds Injuries ‘Part of Soccer’ in Dismissing Concussion Lawsuits

A U.S. judge has dismissed a lawsuit by soccer players and parents seeking to force FIFA and other governing bodies to change the sport’s rules to limit the risk of concussions and other head injuries, especially for children. In a …

Food Liability Costs Surging in Global Economy: Swiss Re

Liability costs involving food contamination are soaring, and a globalized supply chain has made risk management much more challenging. In a new report, Swiss Re says that the number of annual food recalls have nearly doubled in the U.S. since …

Global Reform of Tax Systems to Hit Insurance Industry: London’s IUA

A sweeping global reform of tax systems is under way and will have profound implications for the insurance industry, the London-based International Underwriting Association has warned. Responding to public concerns about tax evasion, the G20 major economies have ordered a …