Latest Risk Management Headlines
All the headlines from our Risk Management Topic Page, ordered by recency.
Berkowitz To Head Risk Management/Operations for PMI
Feb 22 2008 // PMI Mortgage Insurance Co., a subsidiary of The PMI Group, Inc., has appointed Joanne Berkowitz as executive vice president for risk management and operations. In this capacity Berkowitz will be responsible for optimizing...
Willis Group Promotes 2 on Tennessee Team
Feb 20 2008 // Willis Group Holdings promoted Dee Anderson to executive vice president, and Terry Burkhalter to vice president, risk control consulting services, Knoxville office of Willis of Tennessee Inc., effective immediately. After...
Marsh Report on Europe Transport Highlights Regulatory, Liability Concerns
Feb 19 2008 // A new report from Marsh’s London office focuses on the increasing problems of transport and logistics firms across Europe in coping with new categories of liability and an increasingly complex regulatory...
S&P Takes Rating Actions -‘Mostly Negative’- on U.S. Mortgage Insurers
Feb 15 2008 // Standard & Poor’s Ratings Services has issued a blanket bulletin outlining the rating actions, which it notes are “mostly unfavorable,” on several U.S. mortgage insurers and their core and dependent...
Physicians Insurance Names Olson VP, Risk Management
Feb 14 2008 // Physicians Insurance A Mutual Company has named Dennis Olson as vice president, risk management. Olson has relocated from Oregon, where he was director of corporate compliance and workers’ compensation at Health...
Accenture Solvency II Survey: Europe’s Insurers Expect Manageable Costs
Feb 12 2008 // According to findings from a recently released survey conducted by Accenture, “more than three-quarters of large European insurers expect to spend less than €25 million [$36.27 million] through 2012 on Solvency II...
Western National Adds Senior Vice President, General Manager
Feb 12 2008 // Minneapolis-based Western National Insurance Group recently announced that effective as of Feb. 11, 2008, Jeffrey J. Couchman will join the Western National Insurance Group’s management team, serving as both senior...
Nev. Monte Carlo Resort & Casino Fire Losses Could Have Hit $75M, Risk Analysts Say
Feb 10 2008 // The fire that blazed through the top of the Monte Carlo Resort & Casino in Las Vegas on Jan. 25, 2008, could have been far more damaging had it started elsewhere in the building and not been contained so quickly,...
Nev. Casino Fire Losses Could Have Hit $75 Million, Say Risk Analysts
Jan 31 2008 // The fire that blazed through the top of the Monte Carlo Hotel in Las Vegas last Friday could have been far more damaging had it started elsewhere in the building and not been contained so quickly, according to analysts at...
Best Lowers XL’s Ratings; S&P Sees No Change
Jan 28 2008 // A.M. Best Co. and Standard & Poor’s Ratings Services have been reexamining their ratings on the Bermuda-based XL Capital. and its subsidiaries in light of recent announcements (See IJ web site...
People
Jan 27 2008 // Swett & Crawford appointed Meredith Dyson as senior vice president. Dyson, who will assist the company with its marketing efforts and other related activities, will be based in New York. Most recently, Dyson was with...
European Risk Managers, Industry Face New and Not so New Challenges
Jan 27 2008 // FERMA conference highlights growing importance of risk management in complex global business environment The insurance industry’s “traditional model” has become outdated and is so abstruse that the...
Risk Management Solutions Warns of Costly Repeat of 1998 Ice Storm
Jan 14 2008 // Risk Management Solutions (RMS) has released a 10-year retrospective report on the 1998 Ice Storm that devastated the Canadian provinces of Ontario and Quebec, as well as portions of the northeastern U.S., in January 1998....
Risk Management Solutions Comments on French Windstorm Securitization
Jan 14 2008 // Risk Management Solutions gave details of the recent analysis it conducted for a securitization of windstorm risk in France. The securities were issued through Green Valley Ltd., a special purpose vehicle (SPV), and...
Los Angeles Controller: City Should Take a New Look at Managing Risk
Jan 14 2008 // The city of Los Angeles spent millions of dollars settling lawsuits that could have been avoided if effective risk management programs had been in place, according to an audit. City Controller Laura Chick said the city...
People
Jan 13 2008 // ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, appointed John Nilson senior vice president, western region for ACE Risk Management. Nilson will be based in Los Angeles and oversee ARM...
IRISK Solutions Targets Risk Management Services to Middle Market
Jan 3 2008 // IRISK Solutions is a new independent risk management consulting firm, targeting small to middle market companies with annual gross premiums from $50,000 to $1 million. IRISK uses an Enterprise Risk Management approach to...
Dyadem’s Houston Office to Focus on Energy Risk Management
Dec 28 2007 // Risk Management Solutions Provider Dyadem recently opened its U.S. headquarters in Houston, Texas. Dyadem’s Houston office will address the needs of its existing and rapidly growing U.S. customer base, particularly...
Willis Report Tackles Global Warming Impact on Risk Management
Dec 27 2007 // “Climate change is one of the foremost concerns of our time,” states a bulletin from Willis. “In a relatively short time, the focus has shifted from debate over the reality of global warming to a general...
People
Dec 23 2007 // Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC...
