“Risk-taking lies at the heart of business operations, and it can also lead to problems if not handled properly,” said Anil Puri, dean of Mihaylo College of Business and Economics at Cal State Fullerton. Thus, a “discussion of the connection …
The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite on behalf of Lloyd’s syndicates and other insurers, have …
Financial markets rallied slightly and European Union partners voiced relief on Monday after Ireland agreed in principle on a three-year bailout package with the EU and the IMF to salvage its shattered banks. European shares rose 0.7 percent in early …
Independent wholesale broker and underwriting manager Burns & Wilcox, based in Farmington Hills, Mich., has acquired NorthCoast Excess & Surplus Agency – a wholesale brokerage and underwriting manager based in Cleveland, Ohio. Jeff Burke, president of NorthCoast Excess & Surplus …
Lloyd’s has posted a warning on its web site that it has discovered it’s “subject to a recruitment scam (Recruitment Fraud) in which people are being offered fictitious employment opportunities with Lloyd’s and being asked to send their personal details …
Boston-based AIR Worldwide announced that UIB Asia Reinsurance Brokers Pte Ltd, a subsidiary of UIB International/UIB Holdings UK Ltd, has licensed AIR’s catastrophe risk management systems. “UIB is an independent, multilingual insurance and reinsurance broker headquartered within the London Market …
Willis Group Holdings announced the appointment of Mike Lack as an Executive Director of its London-based downstream energy team, effective immediately. He will report to Justin Blackmore, Managing Director of Willis Energy Downstream. Lack has over 40 years experience in …
Lloyd’s of London notes that “after almost a decade of development regulators are now putting the finishing touches to Solvency II, new rules governing European insurers’ capital adequacy. The regime is set to modernize the way European insurers are supervised, …
Risk Management Solutions announced the appointment of Martin Weinthrop to the position of vice president of client development, Europe, effective immediately. He will be based in London, and will lead the regional sales team, “focusing on developing both existing and …
Willis Group Holdings has appointed two new Regional Managing Directors for Willis Networks, the global insurance broker’s alliance with local, independent brokers in the UK. Mike Rush will be responsible for Willis Networks in Scotland, Northern England and Northern Ireland, …
