September 21, 2011
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to ‘aa+’ from ‘aa’ of Philadelphia Insurance Companies and its members, and has revised its outlook on the …
September 21, 2011
Jorge Luzzi, Group Risk Management Director for Italian tire maker Pirelli worldwide, has been elected as the next President of the Federation of European Risk Management Associations (FERMA). His mandate as President will start at the end of the FERMA …
September 21, 2011
The risk management associations of Malta (MARM) and Slovenia (SI.RISK) have been accepted as the latest members of the Federation of European Risk Management Associations (FERMA). Their adhesion brings to a total of 19 the number of countries whose risk …
September 21, 2011
According to catastrophe modeling firm AIR Worldwide more than a million people were evacuated in central and western Japan in advance of Typhoon Roke’s arrival. The storm formed on September 10 and is the 15th named storm of the 2011 …
September 21, 2011
As had been more or less predicted, Lloyd’s posted a £697 million [$1.094 billion] pre-tax loss for the first six months of 2011, compared to an overall profit of £628 million [$985.6 million] as of June 30, 2010. The report …
September 21, 2011
In a keynote speech at the annual Houston Marine Insurance Seminar Tom Bolt, Lloyd’s Director of Performance Management, told an audience of energy insurers that he is not convinced offshore energy underwriters are ‘robustly managing risks.’ He added that the …
September 21, 2011
RLI has launched a new miscellaneous professional liability product called RLI Target Professionals. The new product is designed to protect firms from lawsuits arising from the performance of their professional services and is available for firms with gross revenues less …
September 20, 2011
Jacksonville-based MedMal Direct Insurance Co. has launched MedMal Direct University. MedMal Direct provides all of its insureds unlimited access to MedMal Direct University: offering clinical and non-clinical risk management courses authored by the school of medicine faculty of Harvard, Stanford …
September 20, 2011
Associated Builders and Contractors (ABC) and CNA’s Construction unit have partnered to advance industry best practices in the field of construction safety. During this three-year partnership, scheduled to launch January 2012, CNA will provide ABC chapters and members with access …
September 20, 2011
Mike Fitzgerald has joined insurance run-off consulting firm Devonshire as vice president of business development. His responsibilities include developing business initiatives and opportunities to help support and expand Santa Ana, Calif.-based Devonshire’s insurance and reinsurance business services. Fitzgerald previously was …