Latest Risk Management Headlines

RMS’ Terrorism Risk Analysis Tools

Aug 8 2005 // Risk Management Solutions released its Global Geocoding Platform and upgraded Global Terrorism Risk and Terrorism Scenario models, which provide insurers and reinsurers with the first worldwide view of their catastrophe...

Lemoine Joins Woodruff-Sawyer’s Southern California Office

Aug 3 2005 // Woodruff-Sawyer & Co. announced that Stacy Lemoine has joined the firm as an Account Executive with their Southern California office. Lemoine will lead new business development activities and provide strategic risk...

Global Survey Highlights Increasing Threat of Network Risk

Aug 1 2005 // Almost 60 percent of Chief Risk Officers and senior risk managers view network risk as a significant and growing threat to their organizations, according to the latest quarterly Corporate Business Barometer, conducted by...

Compensation Study Shows More Agencies Hiring Risk Managers

Jul 18 2005 // Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to Business Management Group Inc.’s 2005-2006 Non-Producer...

More Agencies Expand with Hiring of Staff Risk Managers

Jul 18 2005 // Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to a recent study. Business Management Group Inc.’s...

The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern

Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...

Jul 18 2005 // Majestic Insurance Company announced the appointment of David Porter to the new position of marketing manager for Southern California. Porter has more than 25 years of experience in the industry. Prior to joining Majestic,...

More Agencies Expand with Hiring of Staff Risk Managers

Jul 18 2005 // Larger insurance agencies today are more likely than not to employ a director of risk management, a claim specialist and a loss control specialist, according to a recent study. Business Management Group Inc.’s...

The Industry Goes to School: Universities That Offer Insurance Degrees

Jul 18 2005 // Twenty years ago, it was nearly impossible to find colleges and universities offering degrees in insurance. Now there are many programs across the nation that offer bachelor’s degrees, concentrations, certifications...

International Newsbriefs

Jul 18 2005 // XL Hit with $183M Reserve Increase: Bermuda’s XL Capital Ltd. announced that its second quarter results will be adversely impacted by an increase in net reserves in its North American reinsurance operations of $191...

The Threat Remains: With or Without TRIA, Terrorism Still a Top Concern

Jul 18 2005 // The insurance industry expressed its disappointment over the June 30 release of the Treasury Department’s report announcing its opposition to the renewal of the Terrorism Risk Insurance Act by Congress in its current...

Lloyd’s Licenses RMS Catastrophe Modeling Software

Jul 12 2005 // Risk Management Solutions (RMS) announced that Lloyd’s has licensed the RiskLink catastrophe modeling software which will be used by the Loss Modeling team. This license agreement is a testament to the continuing...

Wagner Joins ACE Risk Management

Jul 12 2005 // ACE USA, the U.S.-based retail operating division of The ACE Group of Companies, announced the appointment of Richard Wagner as senior vice president and branch manager for ACE Risk Management. Based in San Francisco,...

Swiss Re Capital Unit Names Gocksch Global Head – Market Risk

Jul 6 2005 // Swiss Re Capital Management and Advisory (CMA) has named Andreas Gocksch as Head of Market Risk. He will be based in New York and is responsible for managing the global market risk management function in CMA, reporting to...

CII Warns EC Directive Could Hamper Flood Risk Management

Jul 5 2005 // The U.K.’s Chartered Insurance Institute (CII) notes that “legislation to implement the EC Water Framework Directive could seriously limit our ability to implement flood management schemes in future.” The...

Standard & Poor’s Annual Insurance Conference

Jul 4 2005 // Top Corporate Executives Stress Moving Beyond Spitzer Despite recent adversity and scrutiny faced by the insurance industry, financial ratings for companies appear on the upswing. “For the first time that I can...

Jerry Blais

Jul 4 2005 // Tom Ellis Zurich North America appointed Jerry Blais to a newly created executive position as head of Zurich’s South Central region. Headquartered in Dallas, the region consists of Texas, Oklahoma, Arkansas and...

First Niagara Risk Management to Purchase Hatch Leonard Naples

Jun 30 2005 // First Niagara Risk Management Inc., the wholly-owned insurance subsidiary of First Niagara Bank and its parent First Niagara Financial Group, Inc. has signed a definitive agreement to acquire Hatch Leonard Naples Inc. the...

FERMA Active in EC Drive to Expand Risk Management Techniques

Jun 30 2005 // The Federation of European Risk Management Associations (FERMA) has been taking an increasingly active role in supporting the efforts of the European Commission to expand the use of risk management techniques in the...

China’s PICC Uses AIR Model for Earthquake Risk Analysis

Jun 28 2005 // AIR Worldwide Corporation has announced that China’s PICC Property and Casualty Company Limited has completed the first earthquake risk analysis using AIR’s China earthquake model. Guy Carpenter coordinated the...