Monthly Archives: <span>February 2011</span>

RSA Posts Strong Results Despite Extreme Weather

The UK-based RSA Group (formerly Royal & Sun Alliance) came through 2010 with a good earnings performance, despite what its report described as “extreme weather conditions.” RSA summarized the highlights as follows: Net written premiums of £7.5 billion [$12.1 billion], …

Willis’ Global Markets-International Names Wemyss CEO

Willis Group Holdings announced that Toby Wemyss has been appointed CEO of its Global Markets International (GMI) division, effective immediately. He is based in London, and reports to Dominic Samengo-Turner, CEO of Willis’ London Market Wholesale businesses – Faber & …

Arkansas House Rejects Backseat Belt Bill

The Arkansas House has voted down a bill that would require rear seat passengers in vehicles to wear seat belts. The House voted 57-34 against the bill by Reps. Hank Wilkins, D-Pine Bluff. House members questioned the possible impact the …

New Zealand May Use Cat Bonds to Recapitalize Disaster Fund

New Zealand’s government may have to recapitalize its crucial national disaster safety fund after being hit by two major earthquakes in five months, analysts and insurers say. The government could decide to dip into its own coffers to top up …

Welcome to the Insurance Journal Advertising & Marketing Blog!

Last week an email went out to the company congratulating me on 21 years with Wells Publishing, Inc. Now this made me feel very old so I immediately emailed back that I was only 12 when I started with the …

Austen to Head Cooper Gay Singapore Brokerage Operations

London-based Cooper Gay, the independent wholesale, reinsurance and specialist retail insurance broker, has appointed Jeremy Austen as Head of Broking for its Singapore office. He reports to Asia Pacific Regional Managing Director, Stephen Britten, and will focus on business development …

First Chicago Insurance Names Fisher House Foundation as Charitable Partner

First Chicago Insurance Co. will contribute $1 to the Fisher House Foundation for every insurance policy the company issues in 2011, the insurer has announced. In selecting a charitable partner for the year, First Chicago aimed to find an organization …

New York Gov.’s Budget Details Banking, Insurance Regulation Merger

New York Gov. Andrew Cuomo’s proposed state budget contains slightly more money for the new agency he wants to create by combining existing banking and insurance regulatory departments than they now get. Cuomo’s proposed 2011-2012 budget recommends $564 million for …

Another Federal Judge Dismisses Suit Against Healthcare Mandate

A federal judge this threw out a lawsuit claiming that President Barack Obama’s requirement that all Americans have health insurance violates the religious freedom of those who rely on God to protect them. U.S. District Judge Gladys Kessler in Washington, …

ACE USA Appoints Hurley, Kubursi in New York Region

ACE USA, the U.S.-based retail operating division of the ACE Group, has appointed Andrew Hurley as chief operating officer of its New York region. In this new role, Hurley will assist in executing the regional business plan, and driving regional …