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R&I One®: March 9, 2010
In this issue: New Gallagher Bassett boss; Liberty lights up earnings; dismantling the AIG jewel; reviewing the new Spitzer book; risk management school's latest Philly flavor; can't escape the youth movement; Roger on Risk; Joanna on bodyguards; and more.
A firm foundation in claims management is how we lower the cost of risk. ............................................................
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------------------------------------------------------------ Hudson Steady as He Goes
A few weeks into the job, Scott Hudson likes what he sees at Gallagher Bassett and is confident he can move the TPA forward. Read the Story
------------------------------------------------------------ Liberty Mutual 4Q Net Income Edges Up
Fewer CAT-related payouts and robust revenues from international operations help boost profits, despite intense price battles in commercial lines. Read the Story
------------------------------------------------------------ Saint Joseph's Tackles Risk
A Philadelphia-area university launches an ambitious risk management and insurance program housed in a rapidly growing business school. Read the Story
------------------------------------------------------------ Adapting to the Real "Alternative" Insurance Market
Demographic changes in store for the United States give new meaning to the expression "alternative markets" when it comes to how the industry must recruit, train and market. Read the Story
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In harmony, ACE insures progress
ACE environmental liability
25 years of insuring progress
Listen to our free podcast on environmental liability ............................................................
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------------------------------------------------------------ AIG "jewel' took 91 years to build, week to dismantle: Timeline (Bloomberg) Book on Spitzer's downfall sets off angry replies (New York Times) Caught on tape: Wave crashes into cruise ship (CBS News) Recent high profits for insurers attracting new underwriters (Space News) Earthquake a major blow to Chile's wine industry (Miami Herald) From power to prison: The Tom Noe interview (13abc) Novato's Fireman's Fund selects the riskiest films of the year (Marin Independent Journal) Mortal combat: Risk in the Winter Olympics (Religion Dispatches)
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Quality In Everything We Do
Contingent business interruption? ............................................................
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------------------------------------------------------------ AAMGA Automation and Technology Management Conference (March 13-16)
The American Association of Managing General Agents holds this annual meeting, open to all AAMGA and NAPSLO members, to provide opportunities to gain practical and immediately useful information to improve operational performance and results. The event will be held at the Marriott Orlando World Center Resort. World Insurance Forum (March 14-16)
After its last event in Dubai, the World Insurance Forum is returning to Bermuda. The event will feature four CEO panels, other educational events and networking opportunities. It will take place at the Tuckers Point Hotel and Spa. NAMIC CEO Roundtables (March 14-16)
The National Association of Mutual Insurance Companies holds this two-day event exclusively for CEOs and executives of primary insurance companies. Participants are divided into groups based on company size and participate in frank discussion, idea exchange and the opportunity to ask questions about what's working for others. The event will be held at the Biltmore Four Seasons in Santa Barbara, Calif.
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Sponsor: Risk & Insurance® Webinars
Structuring Employee Benefits in an International Workforce
March 11, 2010 1:30pm ET Click here to register. ............................................................
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Brokers
REGINA SPRATT was named as head of the National Brokerage business in the U.S. organization of Marsh. Most recently, she led Marsh's National Brokerage business in the New York market and, previous to that, was sales leader for operations in New York and the Northeast and Northeast leader of Marsh's Risk Consulting practice. Read the Story
Other notable moves
- Edward Lynch - Lisa R. Hoffman - Benjamin Newman - Sharon M. Werner - Mark Reagan - Roberto Glogau - Alberto Montepagano - Linda Culliton - Fiona Gilvey - Gerry Tollan
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Regional Brokers
ROBERT GAUDETTE was hired as a commercial lines account executive at Provider Insurance Group. He joins the Needham, Mass.-based agency with more than 10 years of experience and specialty working with manufacturing, wholesale distributor and contractor clients. Read the Story
Other notable moves
- Beth Ward - Matt Marchal - Brent Hartman
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Insurance
SERAINA MAAG was appointed as the chief executive of the North America property/casualty unit at XL Insurance. She most recently was the head of the specialties business unit at Zurich North America Commercial. She will succeed Dennis Kane, who will be retiring at the end of the year. Read the Story
Other notable moves
- Robert P. Hallenbeck Jr. - Christopher J. Maguire - Sean S. Sweeney - Nancy Fallgren - Eva Gonzales - Bruce Hay - Frank Jevitz - Tony O'Sullivan - Daniel Riordan - Christopher J. Swift
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------------------------------------------------------------ Coverages
Ironshore: Transition Protection Insurance
Ironshore: healthcare environmental
Zurich, Sonoma: Plaintiff Contract Litigation Insurance
Poulton Associates: Natural Catastrophe Insurance Program
------------------------------------------------------------ Solutions
Mitchell, LexisNexis: claims-handling
StoneRiver: StoneRiver Stream
Solartis: BPO
Crowe Paradis, Coventry: Medicare Secondary Payer compliance
Towers Watson, UnitedHealthcare: Retiree Health Collaborative
------------------------------------------------------------ Resources
Ward Group: P/C research center
ECRI Institute: e-Learning courses
Moore School of Business: i3 Web site
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ROGER CROMBIE: This Industry Is Toast
In an American strip mall, somewhere, stands a Chinese restaurant. It doesn't do very well and goes out of business. The boards go up; we learn that a Chinese restaurant doesn't work in that particular spot. Read the Story
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JOANNA MAKOMASKI: Who Takes the Bullet?
This past Christmas, I saw three back-to-back news events that left me flabbergasted. Read the Story
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------------------------------------------------------------ NV Energy Forms New Captive With Beecher's Help
A risk manager at a Western utility finds just the right--but rare--tool he needs to manage all his company's exposures: a captive. Read the Story
------------------------------------------------------------ Compensating D&O Insureds for Bonus Battles?
Irate plaintiffs resort to the courts for reform of compensation practices as a way to encourage more dialogue. If insureds come calling for defense, expect insurers to consider possible exclusions. Read the Story
March 9, 2010 Copyright 2010© LRP Publications |
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