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R&I One®: December 15, 2009
In this issue: The risk managers' recession; the Maersk mariners lawsuit; D&O pricing yo-yo; Aon's latest acquisition; top 10 healthcare risk management issues; Tiger exposure; Lloyd's lessons; defending the AIG bailout; Markel the new Berkshire?; flu flop?; the don of comp; Rousmaniere's ruminations on concussions; and more.
Identify Risk Trends in the Recession
Avoid Risky Businesses
Identify Prospects Who Will Be Good Customers View Study Now. ............................................................
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------------------------------------------------------------ Why Risk Managers Should be Grateful for the Great Recession
The current economic downturn gives risk managers a career boost as regulators are looking for robust ERM programs. Read the Story
------------------------------------------------------------ Making the Case for the Mariners
The new Maersk Alabama lawsuit could transform how marine companies care for their employees before and after a pirate attack. Read the Story
------------------------------------------------------------ Healthcare Risk Managers Not Immune From Economic Conditions
A new survey identifies nonpayment issues, better integration of risk management and healthcare reform as top concerns for the coming year. Read the Story
------------------------------------------------------------ D&O Pricing: A Continuing Tale of Two Segments
Financial institutions D&O liability rates buck stable pricing trends for 2010, but smaller and midsize financial companies might get a price break. Read the Story
------------------------------------------------------------ A New Ally for Aon
The broker acquires Allied North America for a bigger share of the construction and surety markets. It's a signal of things to come. Read the Story
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For 25 years, ACE has taken on the responsibility of your risks so that you can take on the responsibility of making things happen.
Visit acegroup.com to learn more. ............................................................
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------------------------------------------------------------ Tiger Bite: Risk-management firm fails to see risks in investment (Advertising Age) Geithner defends AIG bailout (CNNMoney) Lloyd's, 'RBS of 15 years ago,' has lessons for banks (Bloomberg) An open letter from Chris Rainwater (Dekalb Officers) KLC to run insurance for schools (Lexington Herald-Leader) Is Markel Corp. a Berkshire Hathaway in the making? (Money Morning) Flu pandemic could be mild (Washington Post)
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Sponsor: Pitney Bowes Click Here For Our Free Whitepaper On Location Intelligence.
Business Insight ............................................................
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------------------------------------------------------------ House of Sand or Foundation of Stone: The Board of Directors/Trustees (January 6)
This webinar put on by the Nonprofit Risk Management Center will explore best practices and practical risk management strategies in the areas of board composition, board operations, inspiring a culture of candor and more. The event will take place at 2 p.m. Big "I" Winter Meeting (January 6-10)
The annual winter event for the Independent Insurance Agents & Brokers of America will take place in Miami at the Doral Golf Resort & Spa. The event will feature meetings for various Big I committees, a chance to get to know state lobbyists and a golf tournament. P/C Insurance Joint Industry Forum (January 12)
The annual event that launches the new year for the property/casualty industry, the P/C Insurance Joint Industry Forum will take place in 2010 at the Waldorf-Astoria Hotel in New York City.
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Brokers
SANDEEP MALIK was named as CEO of Asia Aon Risk Services, effective Feb. 1, 2010. Based in Hong Kong, Malik will join the risk management and insurance brokerage arm of Aon Corp. from Prudential Asia, where he was chief commercial officer. Read the Story
Other notable moves
- Roger Haynes - Terry Morman - Tony Evans - Rod Ratsma - Philip Gawthorpe - Jeffrey Eggleston - Scot A. Housh - Michiel Bakker - Jacklyn Kearns
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Benefits Brokers
PAVLINA SUSTR joined IMA Inc. as an employee benefits account executive at IMA of Colorado. With more than 15 years of experience in employee benefits, Sustr will specialize in working on international accounts. Prior to joining the independent retail broker, she worked for another national broker in Denver for 10 years. Read the Story
Other notable moves
- Eddie Franco - Clint Cary - Craig Pearlman - Cecile Feliciano
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Insurance
SHU KHOO was appointed as executive vice president, group head of human resources, for Paris-based AXA, effective April 1, 2010. She will succeed the retiring Alain Rohaut. Khoo has been with AXA since 2005 when she joined as regional general manager, human resources and internal communications, at the AXA Life unit in Asia. Read the Story
Other notable moves
- Veronique Weill - Gerald Harlin - Jean Sorasio - Emmanuel de Talhouet - Michael Furgueson - Jenny Martin - Bill Mecklenburg - Alex Mitchell - Katharine C. Rathbun
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------------------------------------------------------------ Services
Guidewire, Ward Group: assessment service
Patni: expanded BPO services
Karen Clark & Co.: Thinking Outside the Black Box Catastrophe Management Operational Review
Insurance Market Intelligence: property insurance database
------------------------------------------------------------ Resources
National Alliance: "Agency Feed-Based Services"
ILO: call for microinsurance proposals
------------------------------------------------------------ Coverages
OneBeacon: network security and privacy
Chartis: Private Client Group offerings
Ironshore: Crisis ThreeSixty
Business Risk Partners: GL with E&O for tech firms
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PETER ROUSMANIERE: A Game Changer
Just as we're entering the college football bowl season, we learn that the sport is more dangerous than we had supposed. Read the Story
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BILL ZACHRY: The Luca Brasi Theory
"The Godfather" offers many valuable personal and professional lessons, none more important than the Luca Brasi theory. Read the Story
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------------------------------------------------------------ Utah on Track to License Two Dozen Captives in 2009
With a stable base of pure captives now secure, Utah's industry boosters say they would welcome group and segregated cell captives. Read the Story
------------------------------------------------------------ Tough Times Create Special E&O Risks
As service firms cut staff and look for new ways to generate income, they often increase the risk for an E&O claim. Here are five areas of vulnerability to consider. Read the Story
December 15, 2009 Copyright 2009© LRP Publications |
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