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R&I OneŽ: May 17, 2011
In this issue: Recapping brokers' quarterly earnings; the insurance agent to the stars; workers' comp or workers' con?; mixed martial artists fight for new insurance; defending your true brand value; Osama and tightening terrorism insurance; finding secrets to brokering success in the funny pages; deadline extended for Reinsurance Power BrokerŽ; and more. ............................................................
Sedgwick/SRS are now ONE company. One focus, resource, client at a time. ............................................................ ------------------------------------------------------------ NEWS & ANALYSIS ------------------------------------------------------------ Top Five Risk Ready Industries The chemical industry shows the largest gains in risk readiness, while metal milling and manufacturing show the steepest drops, as industries hardest hit by the Great Recession rein in spending. ------------------------------------------------------------ Brokers Steam Ahead Against Lessening Headwinds The major insurance brokerages experienced ups and downs in their last earnings quarter. Organic growth and acquisitions represent opportunity, but costs have been perhaps cut as much as possible. ------------------------------------------------------------ Brand Value and Brand Restoration Technology companies and McDonald's garner high brand valuations. Now how will they protect them? ------------------------------------------------------------ Osama and the Tightening Terrorism Insurance Market If the assassination of the terrorism kingpin signifies the ultimate success of counterintelligence, perhaps the terrorism insurance marketplace can now blossom. Or not. ............................................................ Sponsor: Sperian Introducing Sync, the next generation stereo earmuff Howard Leight by Honeywell ............................................................ ------------------------------------------------------------ EDITOR'S CHOICE STORIES ------------------------------------------------------------ An insurance man to the stars (Wall St. Journal) D.C. wants to know: Workers' comp or workers' con? (Washington City Paper) Rome 'gripped' by earthquake prediction fear (BBC) With 'milestone' policy, UFC ownership expands insurance for fighters (StarPhoenix) Health insurers making record profits as many postpone care (New York Times) Mississippi flooding will hit taxpayers hard nationwide (Philadelphia Inquirer) Lloyd's of London facing $3.89 billion of insurance claims (BBC) Hartford said to seek buyers for mutual-fund unit, may fetch $1.5 billion (Bloomberg) Japan insured loss $22 billion to $39 billion, according to risk modeling agency Eqecat (Dow Jones) Ahold tackles rising workers' comp medical costs (Supermarket News) ............................................................ Sponsor: Towers Watson Towers Watson + EMB World's largest provider of actuarial software Advising the world's leading insurers Expanded P&C consulting and software Risk transfer solutions ............................................................ ------------------------------------------------------------ NEXT WEEK'S EVENTS ------------------------------------------------------------ The 85th annual meeting of the American Association of Managing General Agents will take place at the Ritz Carlton Grande Lakes Resort in Orlando, Fla. ACORD LOMA Insurance Systems Forum (May 22-24) The annual Insurance Systems Forum provides a unique opportunity to hear about breaking news and cutting-edge trends in the insurance IT space. The event will take place at the San Diego Convention Center. 6th Annual USA Risk Group Executive Educational Conference (May 25-26) This annual event put on by the captive managers at USA Risk Group will cover such topics as captive insurance taxation, investment programs, and legislative and accounting updates. The event will take place at the Ballantyne Resort & Lodge in Charlotte, N.C. ------------------------------------------------------------ PEOPLE ON THE MOVE ------------------------------------------------------------ Brokers CHRIS BUTCHER was named as managing director of the new management team for International at London-based Cooper Gay. He currently serves as chief trading officer for Cooper Gay & Co. Ltd. Other notable moves - Tony Pickering - Sean B. Rider - Rick Hodgdon - Mike Kaster - Brian Holland - Tanya Buswell - Sheree Davis - Scott Pruitt ------------------------------------------------------------ Consulting KRISTI SAVACOOL was named co-chief executive officer for Aon Hewitt. She will be responsible for Benefits Administration. Joining Hewitt in 2005, Savacool previously had responsibility for all benefits client delivery on Hewitt's Total Benefit Administration platform worldwide. Prior to that, she had responsibility for providing a broad range of technology and business services to Hewitt's global clients. Other notable moves - Baljit Dail - Gregg Kamas - Karen Vines - Dyan Thornton - Brian J. Kelly ------------------------------------------------------------ Insurance ADAM HAMM was elected to the position of secretary-treasurer of the National Association of Insurance Commissioners (NAIC). The North Dakota insurance commissioner will assume the responsibility on May 31, 2011, replacing Illinois Insurance Director Michael T. McRaith, who will be taking on the head post at the new Federal Insurance Office. Prior to becoming commissioner in 2007, Hamm served as a prosecutor for the Cass County State's Attorney's office. Other notable moves - Jim Hageman - Bruce Schnitzer - Greg Butler - Edith M. Aguila - Vere Bryan ............................................................ Sponsor: IQPC Reinsurance & Risk Management Executive Forum Fueling Growth, Innovation and Solutions for the Industry June 20-21, 2011 New York, NY ............................................................ ------------------------------------------------------------ NEW PRODUCT ANNOUNCEMENTS ------------------------------------------------------------ Travelers: Excess Educators Legal Liability Five Star Healthcare: kidney dialysis center program Ironshore: financial lines capacity U.S. Preventive Medicine: The Prevention Plan Aon: Zero Collateral Deductible Program ------------------------------------------------------------ Instec: Quicksolver 3 policy administration software CSC: Workers' Comp as a Service Pitney Bowes Business Insight: Uplight modeling EQE: WORLDCATenterprise update ------------------------------------------------------------ Geneva Association: "The Fundamentals of Future Insurance Regulation and Supervision" PLUS: curriculum digital distribution Strategy Meets Action: SMA Insurer Forum The Institutes: SMART QuizMe apps ------------------------------------------------------------ COLUMNISTS ------------------------------------------------------------ MICHAEL G. MANES: See You in the Funny Pages All I need to know about creating the insurance agency of the future I learned from three comic strips. ------------------------------------------------------------ PETER ROUSMANIERE: A Proletarian's Progress American employers have cut the rate of work injuries by around 3 percent per year in recent decades. This success can only partly be attributed to shifting employment to less risky work. ------------------------------------------------------------ FEATURES ------------------------------------------------------------ Public-Sector Risk Report Table 2011 We list some of the nation's top public risk pools, along with their key leaders and contact information. Read the Story ------------------------------------------------------------ For Employers, Government is Source of Angst and Assistance The U.S. Equal Employment Opportunity Commission is often the best place to go for employers and managers seeking guidance on corporate human resource and diversity programs. ------------------------------------------------------------ Deadline Extended to Apply for the 2011 Reinsurance Power BrokerŽ To nominate someone for the 2011 Reinsurance Power BrokerŽAwards, or to put yourself in the running, please download the application form here. You have an extra week! May 17, 2011 Copyright 2011© LRP Publications |
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