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CGSC Appoints Hooper, Newman, Ruggieri to Holding Company Board
Global broker Cooper Gay Swett & Crawford (CGSC) has appointed three senior officers to its board of directors with immediate effect. Shaun Hooper, CEO of CGSC International, Gordon Newman, CEO of CGNMB and Thomas P Ruggieri, CEO & President of …
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Willis Appoints Messer Regional Leader for Latin American Aviation
Willis Group Holdings announced the appointment of Thomas Messer as Regional Leader of aviation in Latin America with immediate effect. Messer joined Willis in 2002 and has served in a variety of roles within the aerospace re/insurance market – most recently …
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Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best
The pursuit of improved investment returns has become more important for European insurers after a lengthy period when their attention was more focused on non-investment sources of profit, according to a report published by A.M. Best. How an insurer might …
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UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services
Allianz Insurance has joined forces with cyber risk management company, Pentura, to provide commercial customers with help and guidance to improve cyber security. As part of the partnership, Pentura, which is based in Reading, England, will provide Allianz Commercial policyholders …
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Best Analyzes Changes to Brazilian Local Reinsurance Market
A.M. Best has released a new briefing focusing on the National Council of Private Insurance issuance of CNSP Resolution CNSP No. 322, which decreases the amount of premiums that Brazil’s local insurers must “place” with local reinsurers, from 40 percent …
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U.S. Issues Final Oil Train Safety Rules
The Obama administration on Wednesday released a new regulation intended to prevent explosive rail disasters such as the 2013 oil train derailment that killed 47 people and destroyed part of Lac-Megantic, Quebec. The new rule by the Federal Railroad Administration …
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Hacker Claims to Open GM’s OnStar App, Start Engine Remotely
A researcher is advising drivers not to use a mobile app for General Motors Co.’s OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to unlock cars and start engines remotely. “White-hat” hacker Samy Kamkar …
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Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit
When you are identified in a picture on Facebook, biometric software remembers your face so it can be “tagged” in other photographs. Facebook Inc. says this enhances the user experience. But privacy advocates say the company’s technology — which was …
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Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity
W.R. Berkley Corp.’s chairman and CEO slammed the surge of merger and acquisition activity hitting the property/casualty industry in recent months as something driven more by “management ego” than true business needs. “Consolidation that is happening now is frequently about …
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Total Cost of Risk Dips a Bit: RIMS
In a relatively stable insurance market, businesses paid nearly one percent less in 2014 than they did in 2013 to cover the total cost of risk (TCOR) after three consecutive years of increases, according to the 2015 RIMS Benchmark Survey. …
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