Monthly Archives: <span>February 2017</span>

Pennsylvania’s HB Retirement Hires Ryan

HB Retirement, an independent financial services firm specializing in the design and function of retirement programs from corporations, small businesses and non-profit organizations throughout the Pittsburgh, Penn., region, has hired Jack Ryan as a client service associate. In this role, …

CNA Appoints Ex-Endurance, AIG Executive Worman as Chief Underwriting Officer

CNA has named Douglas Worman to fill the newly created position of executive vice president and chief underwriting officer. He reports to Dino E. Robusto, CNA chairman and chief executive officer. In this role, Worman will work jointly with the …

How Tattoo Artists Are Like Dentists

Getting a tattoo may hurt, but giving one is no picnic, either. That’s the finding of what its authors say is the first study ever to directly measure the physical stresses that lead to aches and pains in tattoo artists—workers …

Driver Deaths Rose 6% in 2016, Topping 40,000

U.S. motor vehicle accident deaths last year topped 40,000 for the first time since 2007 as cheap gasoline and a healthy economy encouraged motorists to drive more, according to new estimates released by the National Safety Council. Roadside fatalities last …

Global Insurance Rate Decreases in Q4 Slowed for 4th Consecutive Quarter: Marsh

Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter’s decrease of 3.2 percent), according to Marsh’s Global Insurance Market Index – Q4 2016. * “The last quarter of 2016 …

The Concord Group Insurance Companies in New Hampshire Hires McCabe

The Concord Group Insurance Companies, a Concord, N.H.-based insurance carrier, has announced that Daniel L. McCabe has joined the senior leadership team as a vice president. “Dan will play an important role on our management team as we transition through …

Beazley Taps Markel’s Tewfik as Underwriter for UK Tech & Data Breach Team

Beazley, a specialist in cyber and data breach response insurance, has appointed Michael Tewfik as a technology, media and business services underwriter focused on addressing the data breach and cyber security risks of organizations in the United Kingdom. He will …

Ratings Agencies Uphold Their Ratings on AIG

Despite American International Group’s poor 2016 fourth quarter earnings performance, Fitch Ratings and Standard & Poor’s both have affirmed the insurer’s ratings, with a few qualifiers slipped in. The struggling insurance giant lost $3.0 billion, or $2.96 per share, compared …

Verisk Buys Healix Risk Rating, UK-Based Medical Risk Assessment Firm

Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings.Financial terms were not disclosed, although the deal is designed to expand Verisk’s risk assessment offerings for the global insurance …

Zurich Insurance in APAC Creates New Commercial Insurance Structure

Zurich Insurance has created a new structure for its Commercial Insurance business in Asia Pacific (APAC), following the combination of its Global Corporate and Commercial units into a single division. “This simplified structure provides a single point of entry for …