Cayman Islands News

Siech Named Beecher Carlson Exec. Managing Director

Beecher Carlson Holdings Inc. has hired Joe Siech as executive managing director in its Atlanta office. Siech’s primary responsibility will be large account production and continued development of the Global Property Practice. Siech has 17 years experience in the insurance …

Hamilton Named SVP, Will Lead Beecher Carlson D&O Risk Practice

Beecher Carlson Holdings Inc. of Atlanta has announced the appointment of Jane Hamilton as senior vice president and team leader in the newly formed Directors & Officers (D&O) Risk Practice. Located in the Atlanta office, Hamilton will assist with the …

SPITZER TAKES COMPENSATION PROBE TO WASHINGTON

Senate Panel Wants In, Agents Want Out of Brokerage Scandal At recent Senate hearings in Washington called to follow-up on allegations of bid rigging and hidden compensation by Marsh and other large insurance brokers, public officials debated the politics of …

Smith Named Beecher Carlson Managing Director

Beecher Carlson Holdings Inc. of Atlanta has announced the appointment of Robert “Robbie” C. Smith as a managing director. Smith will focus on acquisition opportunities and talent recuritment. Smith spent the majority of his career working with insurance agencies and …

Smith Joins Beecher Carlson Holdings

Beecher Carlson Holdings Inc., of Atlanta has announced the appointment of Jeffrey Smith as a managing director. Smith will focus on large account sales and recruitment of talent. For 15 years, prior to joining Beecher Carlson, Smith held sales and …

N.Y. AG Suggests Off-Shore Insurers, Rating Organizations, Insurer Investments Next Targets

New York Attorney General Eliot Spitzer signaled today he believes investigations of the insurance industry have only “scratched the surface” thus far of questionable activities and that additional probes are needed into off-shore insurers, insurance rating organizations and the investment …

$13 TO $15 B HURRICANE DAMAGE LOSSES ESTIMATED:

The triple-whammy hits of hurricanes Ivan, Frances and Charley combined probably produced about $13 billion to $15 billion in losses, according to catastrophe modeler Risk Management Solutions of Newark, Calif. The losses rival those of the costliest hurricane ever, 1992s …

RMS Estimates Ivan Insured Losses at $3-$6 Billion

Risk Management Solutions (RMS), a provider of products and services for the management of catastrophe risk, said that insured losses in the U.S. from Hurricane Ivan are expected to be between $3 and $6 billion. RMS’ latest estimates are based …

CAT Modelers: Ivan’s Estimated Losses Up to $10B

Initial estimated insured losses from Hurricane Ivan range from about $2 billion to about $10 billion, according to catastrophe modelers Eqecat, Inc. The estimated range of insured losses takes into account Category 3 Ivan’s landfall on Sept. 16 between Mobile, …

RMS: Potential Losses for Hurricane Ivan, $2 to $7 Billion

Risk Management Solutions (RMS), reported that insured losses from Hurricane Ivan in the U.S. are likely to range from $2 to $7 billion, based on updated information on landfall location and wind speeds. Additional insured losses of $1-2 billion are …