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Gen Re Makes Management Changes; Jones, Ferrero Co- Presidents

General Re Corp. has announced senior appointments at the group’s global direct property/casualty reinsurance operation. Robert M. Jones will serve as co-president and chief marketing officer for global marketing. Carole M. Ferrero will also assume the title of co-president in …

Smaje Appointed Willis GB Chief Broking Officer; Rooley for Aerospace

Willis Group Holdings, the global risk adviser, insurance and reinsurance broker, announced that it has promoted Philip Smaje to Chief Broking Officer for Willis GB, the operating segment that includes Willis’s UK retail insurance business, facultative and London specialty businesses. …

Allianz Re CEO Ahmed Says Rate Reductions May Abate in 2015

Rates charged by reinsurers, which have been falling for most of the past decade, may decline more slowly this year, the head of Allianz SE’s reinsurance division said. “Our assessments show that rates in some parts of the market are …

ABI Launches Campaign for ‘Flood Free’ Homes

the Association of British Insurers announced that it has launched a campaign for Flood Free Homes, “supported by Friends of the Earth, Know Your Flood Risk, National Flood Forum, and the Property Care Association’s Flood Protection Group.” The ABI said …

Report: Storage Tanks Pose Risks to West Virginia Water

Drinking water sources in West Virginia are at risk of contamination from more than 20,000 aboveground storage tanks that are located beyond an area where extra safeguards are required, according to a report released last week. These tanks include 19,133 …

Kentucky Enters into Fracking Debate

The debate over hydraulic fracturing, a technique used to drill oil and natural gas wells, may be coming to Kentucky. The Lexington Herald-Leader reports there’s been increased interest among oil and gas companies in areas of eastern and central Kentucky. …

NFP Acquires Michelsen Benefits in North Carolina

New York-based insurance brokerage and consultant NFP has expanded its corporate benefits practice with the acquisition of Charlotte, N.C.-based Michelsen Benefits Group Inc., or The Michelsen Group (TMG). The transaction closed November 1, 2014. TMG specializes in consulting services to …

Experts: Steady Rate of Earthquakes in Oklahoma in 2014

After increasing rapidly over the past three years, the pace of earthquakes in Oklahoma held steady in 2014 at a rate higher than California and far higher than the historic average in Oklahoma. Oklahoma experienced 567 earthquakes of magnitude 3.0 …

Texas to Help Pay Final Costs for Those Killed in Prison Bus Wreck

Texas will pay up to $6,000 in final expenses for two guards and eight inmates killed when a prison bus went off an icy highway and hit a freight train. The Odessa American reports the funds for funerals and burial …

Michigan Police Targeting Speeding, Distracted Driving After Pileup

Michigan authorities plan to crack down on speeding and distracted driving in eastern Kalamazoo County following a 193-vehicle pileup that killed one man and closed a stretch of Interstate 94 for two days. State police Lt. Dale Hinz tells the …

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