Workers' comp and CAT models.(WORKERS' COMP)
When you think of catastrophe models, you typically think property
exposure. But you've got to think workers' comp as well. After
all, earthquakes and terrorist attacks do not give a . . .
Salary data released.(NEWS & NOTES)
The Risk and Insurance Management Society Inc. has released a
salary survey of risk management positions at U.S.-based companies. The
survey found the average base salary for a chief risk officer . . .
My lesson in unknown unknowns.
In 1998 I was working for a banking trade publication in New York.
While I was working in physical proximity to Wall Street, I wasn't
working in the metaphysical place known as Wall Street, the . . .
Swiss Re.(EXECUTIVE MOVES)
Swiss Re appointed STEFAN LIPPE as deputy CEO. Lippe, formerly head
of (Re)Insurance Products, will also take over as chief operating
officer, succeeding Andreas Beerli who will retire mid 2009. . . .
The Hartford Financial Services Group Inc.: Juan
Andrade.(EXECUTIVE MOVES)
[ILLUSTRATION OMITTED]
Also at The Hartford, JUAN ANDRADE was named executive vice
president of sales and distribution, succeeding Brown. Andrade most
recently served as leader of The Hartford's . . .
The emergence of TCM.(TECHNOLOGY)
What do you get when you put together enterprise content management
and business process management technologies into a single platform?
It's called transactional content management, and here's . . .
CA comp bills vetoed.(NEWS & NOTES)
Gov. Arnold Schwarzenegger vetoed two bills that would have
modified workers' comp legislation, with one increasing permanent
disability payments and the other adding various qualifications . . .
Lloyd's profits down.(NEWS & NOTES)(Financial
report)
Lloyd's pretax profits in the first half of 2008 fell by 47
percent compared to last year, according to the insurer's interim
report. Pretax profits for the period ending June 30, 2008 totaled . . .
In addition, Swiss Re appointed Brian Gray chief underwriting
officer and member of the Executive Committee.(EXECUTIVE MOVES)
In addition, Swiss Re appointed BRIAN GRAY chief underwriting
officer and member of the Executive Committee. Gray previously served as
head of Property & Specialty Underwriting. WALTER A. BELL was . . .
The Hartford Financial Services Group Inc.: Andy
Pinkes.(EXECUTIVE MOVES)
[ILLUSTRATION OMITTED]
ANDY PINKES will assume the position of executive vice president of
claims, succeeding Andrade. Pinkes will continue his stewardship of the
company's P/C run-off . . .
Automating the pharmacy.(WORKERS' COMP)
Pharmacy benefits management service providers play an important
intermediary role between the tens of thousands of pharmacies and the
workers' comp insurance and managed care industry. It would . . .
Site helps consumers.(NEWS & NOTES)(Website overview)
A new Web site dedicated to helping consumers understand multiple
lines of insurance has been created by the Chartered Property Casualty
Underwriters Society. Located at . . .
Upcoming events.(Calendar)
OCTOBER
23-25
Nevada Captive Conference
The Nevada Captive Insurance Association, formally organized in
2004 to support Nevada as a captive insurance domicile, is hosting its
annual . . .
AXA Equitable Life Insurance Co.(EXECUTIVE MOVES)
[ILLUSTRATION OMITTED]
MICHAEL ARCARO was named vice president of external affairs for AXA
Equitable Life Insurance Co. He will report to CHRIS WINANS, who joined
the company in August as senior . . .
The Hartford Financial Services Group Inc.: Dan Brown.(EXECUTIVE
MOVES)
[ILLUSTRATION OMITTED]
The Hartford Financial Services Group Inc. has appointed DAN BROWN
to the new role of senior vice president of Industry Markets. Brown, who
joined The Hartford in 1989, . . .
Modeling tool created.(NEWS & NOTES)
Benfield launched a modeling tool that allows reinsurers to better
quantify their risks in line with rating agency and solvency
requirements. Developed by Benfield's ReMetrics team, the Curve . . .
Stations survive Ike.(NEWS & NOTES)
Hurricane Ike failed to knock out new hardened weather stations
while 10 of the 11 National Weather Service stations failed, according
to Risk Management Solutions and WeatherFlow. The new . . .
Zurich North America Commercial.(EXECUTIVE MOVES)
Zurich North America Commercial announced the recent appointments
of several executives to its new Surety, Credit and Political Risk
group. DICK YEAZEL has taken over the role of head of customer . . .
The Hartford Financial Services Group Inc.: Brian
O'Connell.(EXECUTIVE MOVES)
[ILLUSTRATION OMITTED]
The Hartford also named BRIAN O'CONNELL to the newly created
position of senior vice president and Brian O'Connell chief
information officer. He previously served as chief . . .
American International Group Inc.(EXECUTIVE MOVES)
EDWARD M. LIDDY has been elected chairman and chief executive
officer of American International Group Inc., succeeding Robert B.
Willumstad. Liddy was chairman and CEO of Allstate from 1999 until . . .
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