Guy Carpenter & Company, Inc., the risk and reinsurance specialist of Marsh & McLennan, has unveiled its new Agricultural Risks Exposures (ERA) model for Italy’s hail insurance market. “The ERA model was designed to improve risk evaluation for reinsurance treaties …
U.S. tort costs reached a record $260 billion in 2004, or approximately $886 per person, according to the U.S. Tort Costs and Cross-Border Perspectives: 2005 Update from the Tillinghast business of Towers Perrin. This surpassed the previous record set in …
The Generali Group announced impressive preliminary results for 2005 and an ambitious growth plan at a general meeting yesterday, March 6, in Milan. 2005 profits rose 15 percent to €1.918 billion ($2.3 billion). The Group also announced a series of …
Standard & Poor’s Ratings Services and A.M. Best Co. both issued brief bulletins commenting on Generali’s earnings announcement and its plans for the future, which include issuing new hybrid securities (See related article above). S&P said “its ratings and outlook …
Specialty broker Ames & Gough announced the election of Dan Knise as its new president and chief executive officer. Ames & Gough is an insurance broker and risk management consultant specializing in serving architects, engineers, law firms and managed care …
In a recently issued bulletin Lloyd’s said it has “reaffirmed its position as the world’s leading specialist insurer with new figures that reveal the global spread of its business in 2005.” According to newly published figures, Lloyd’s notes that in …
Aon Risk Services of Oklahoma welcomed Don Horner to its staff as vice president, Health & Welfare Practice leader. He will be responsible for new business production, management of the Tulsa office’s Health & Welfare clients, expansion of product lines …
Aon Risk Services of Oklahoma welcomed Don Horner to its staff as vice president, Health & Welfare Practice leader. He will be responsible for new business production, management of the Tulsa office’s Health & Welfare clients, expansion of product lines …
Assurex Global, a worldwide network of independent insurance brokers, recently appointed Paul J. Hering as chairman. Hering succeeds Gregory S. Belton (with Hunter Keilty Muntz & Beatty Ltd., Toronto, Ontario, Canada), who continues his board service as chairman emeritus. Hering …
AIG Global Real Estate Investment Corp., a member company of American International Group, Inc. announced the groundbreaking of the Freccia Rossa Shopping Center in Brescia, Italy. “The Freccia Rossa Shopping Center is a 28,500 square-meter retail development in downtown Brescia, …
