Agents & Brokers News

Reinsurance Broker UIB Asia to Use AIR Catastrophe Models

Boston-based AIR Worldwide announced that UIB Asia Reinsurance Brokers Pte Ltd, a subsidiary of UIB International/UIB Holdings UK Ltd, has licensed AIR’s catastrophe risk management systems. “UIB is an independent, multilingual insurance and reinsurance broker headquartered within the London Market …

Willis Appoints Lack Executive Director of Downstream Energy Team

Willis Group Holdings announced the appointment of Mike Lack as an Executive Director of its London-based downstream energy team, effective immediately. He will report to Justin Blackmore, Managing Director of Willis Energy Downstream. Lack has over 40 years experience in …

Soft Commercial Lines Market to Persist: Marsh

Soft U.S. commercial insurance market conditions are expected to persist through the fourth quarter of 2010, according to preliminary rate information published by Marsh. So far in the fourth quarter, Marsh said its clients renewing their programs have experienced average …

Ireland’s Re/Insurers Not Seriously Affected by Financial Crisis

Even though Ireland’s financial crisis continues to make headlines, it’s not by any means a national meltdown, and it doesn’t appear to pose a threat to any of the re/insurance companies and brokers, who have substantial operations in the country. …

ACE USA Restructures Retail Operations with Kinsella, Church, Stoer

Ace USA, the U.S.-based retail operating division of the ACE Group, announced a new structure and senior leadership appointments. The structure consists of two zonal operations and a centralized complex risk unit for global property programs. Kelley Kinsella and Brian …

Donkin Appointed Golden Eagle Insurance President and CEO

Golden Eagle Insurance, a Liberty Mutual Agency Corp. regional company, has appointed Spencer J. Donkin president and CEO. Donkin joins Golden Eagle Insurance from Liberty Mutual Agency Corpo.’s Regional Companies Group, where he was senior vice president of Agency Management. …

Smith Joins Crump in Memphis

Brad Smith has joined wholesale insurance broker Crump in its Memphis, Tennessee office as a broker. Smith joins Crump from South & Western General Agency, where he served as territory manager for Arkansas, Mississippi and Tennessee for the past several …

Broker Wins Appeal Against CRC Insurance Services

The California Court of Appeal, Second Appellate District, has reversed a lower court’s $4.2 million judgment against former CRC Insurance Services broker Constance Callan. According to court documents in Constance Callan v. CRC Insurance Services Inc., Tom Curtin, et. al., …

Willis Appoints Two New Regional Managers to UK Broker Network

Willis Group Holdings has appointed two new Regional Managing Directors for Willis Networks, the global insurance broker’s alliance with local, independent brokers in the UK. Mike Rush will be responsible for Willis Networks in Scotland, Northern England and Northern Ireland, …

Declarations

Settlement Scramble “A lot of people appear to be making a last minute decision. It’s like tax day… there is going to be a lot of last minute wrangling.” —Paul Napoli, a leader of the legal team representing most of …