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31 07, 2015

CGSC Appoints Hooper, Newman, Ruggieri to Holding Company Board

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article CGSC Appoints Hooper, Newman, Ruggieri to Holding Company Board appeared first on Insurance Journal.

31 07, 2015

Willis Appoints Messer Regional Leader for Latin American Aviation

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article Willis Appoints Messer Regional Leader for Latin American Aviation appeared first on Insurance Journal.

31 07, 2015

Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article Investment Return Moves up Boardroom Agenda for Europe Insurers: A.M. Best appeared first on Insurance Journal.

31 07, 2015

UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article UK’s Allianz Insurance Partners with Pentura to Provide Cyber Risk Services appeared first on Insurance Journal.

31 07, 2015

Best Analyzes Changes to Brazilian Local Reinsurance Market

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article Best Analyzes Changes to Brazilian Local Reinsurance Market appeared first on Insurance Journal.

31 07, 2015

U.S. Issues Final Oil Train Safety Rules

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article U.S. Issues Final Oil Train Safety Rules appeared first on Insurance Journal.

31 07, 2015

Hacker Claims to Open GM’s OnStar App, Start Engine Remotely

By | July 31st, 2015|Recent Articles|Comments Off on 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 …

The article Hacker Claims to Open GM’s OnStar App, Start Engine Remotely appeared first on Insurance Journal.

30 07, 2015

Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit

By | July 30th, 2015|Recent Articles|Comments Off on 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 …

The article Facebook’s Facial Recognition Software Draws Privacy Complaints, Lawsuit appeared first on Insurance Journal.

30 07, 2015

Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity

By | July 30th, 2015|Recent Articles|Comments Off on 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 …

The article Berkley Sees ‘Management Egos, Rewards’ Behind M&A Activity appeared first on Insurance Journal.

30 07, 2015

Total Cost of Risk Dips a Bit: RIMS

By | July 30th, 2015|Recent Articles|Comments Off on 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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