Social Service Organizations Nuts & Bolts: Riverport Insurance Co. provides property, general liability, professional liability, automobile, crime, and excess liability coverages for social service and nonprofit organizations with flexible premium payment plans. Riverport is a Berkley company. Limits vary. Carrier: …
Washington appoints advisory board Washington Insurance Commissioner Mike Kreidler has appointed a special advisory board to monitor the agency’s fraud unit. Earlier this year, the agency’s eight-member Special Investigations Unit began operations, after the 2006 Legislature established a fraud unit …
Community Banks Nuts & Bolts: Progressive Casualty Insurance Co. has added a new coverage to its American Bankers Association-sponsored Financial Institution Program. The new coverage, Privacy Liability and Mitigation Expense, is designed to address banks’ liability arising from unauthorized access …
The request was simple enough: Lloyd’s underwriters had been approached to insure the movement of seven paintings, including one by Cezanne, from Russia to London for valuation and sale. So Lloyd’s contacted the Art Loss Register, a small private company …
According to a bulletin from Marsh’s London office, “businesses in the UK’s financial services sector are moving away from a compliance led approach toward operational risk, adopting instead more focused risk management and business process performance-based practices.” Cristiana Báez-Safa, Managing …
In an address to the UK’s Financial Services Authority (FSA) at its Annual Insurance Sector Conference (AISC), Willis Chairman and CEO Joe Plumeri strongly embraced the financial regulator’s announcement that it would implement a more “principles-based” approach to general insurance …
Swiss-based Converium confirmed it has achieved its medium-term ROE target of 14 percent, which, it also said highlights the “under valuation of the current SCOR offer” (See IJ web site March 7). Converium’s CFO, Paolo De Martin, made the announcement …
The UK-based Tropical Storm Risk (TSR) weather forecaster has issued a revised assessment of the upcoming Atlantic hurricane season, which indicates that it will be a more active season than previously expected. TSR, which operates in cooperation with the Benfield …
Los Angeles, CA – Derek Gullage has joined GJ Sullivan Reinsurance (GJS Re) as Vice President in their Los Angeles office. Mr. Gullage previously spent ten years with the Farmers Insurance Group, where most recently he was Director of Reinsurance, …
18 years ago an Irish insurance conference probably would have consisted of a broker and an underwriter from Dublin having a pint of Guinness in a pub (most likely in London). Times have changed. Since the founding of the Dublin …
