Lockton: Stephen L. Doherty.(BROKER MOVES)
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Lockton also announced that its Denver office gained the addition
of STEPHEN L. DOHERTY as a producer for all property/casualty lines. He
brings 15 years of consulting . . .
Integro Ltd.(BROKER MOVES)
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Integro Ltd. has announced that its president, PETER GARVEY has
assumed the additional responsibility of chief executive officer. Former
CEO Roger Egan resigned from the . . .
For cedants a Rendez Vous with a happy ending reinsurance rates
expected to continue their slide as capacity remains plentiful.(
MONTE CARLO -- Jan. 1, 2009, is one renewal date that this year
can't come soon enough for cedants. With a market awash in
capacity, no natural catastrophe to deplete industry coffers . . .
Innovation in CAT trading.(CATASTROPHES)
Trading volume of CHI contracts on CME has been impressive for a
new product. In the first seven months of 2008, more than 31,000
contracts were traded with a notional amount of risk close to . . .
Correction.(NEWS & NOTES)(Correction notice)
In the Sept. 15, 2008 issue of Risk & Insurance[R], the list of
winners for the Risk Innovator awards in the Manufacturing category
should have included Robert Restivo, director of welfare programs . . .
Aon Construction Services Group.(BROKER MOVES)
KAREN REUTTER has joined Aon Construction Services Group as senior
vice president. Prior to joining Aon, Reutter was employed with Willis,
where she specialized in large accounts and national . . .
Marsh.(BROKER MOVES)
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Marsh has hired BERTIL OLSSON as energy leader of the U.S. Energy,
Mining & Power Practice. Olsson joins Marsh from Willis Global
Energy where he was executive vice . . .
How businesses got it right with Ike: Hurricane Ike provided
corporations in the Houston area with their first real business
con
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HOUSTON -- As days passed after Hurricane Ike made landfall on
Saturday, Sept. 13, some businesses sat in the dark, literally and
figuratively. They waited for power to . . .
Getting injured on the job like a rockstar.(WORKERS'
COMP)
The analysis of government data by researchers from The George
Washington University Medical Center concluded that excessive alcohol
use is costing U.S. employers billions in lost . . .
Suit settled.(NEWS & NOTES)
A former chief executive of UnitedHealth Group Inc. has agreed to
pay $30 million to settle a shareholder lawsuit accusing him of
improperly manipulating stock-options awards. The terms of a pact . . .
Willis Group Holdings.(BROKER MOVES)
Willis Group Holdings appointed CHRIS LORSUNG as leader of the
company's Minneapolis Commercial Construction Practice, effective
immediately. He will retain his title of senior vice president, . . .
Lockton: Brian Neary.(BROKER MOVES)
BRIAN NEARY has joined Lockton in Washington, D.C., as a vice
president and producer in the firm's employee benefits consulting
practice. Prior to joining Lockton, Neary was a worldwide partner . . .
AIG's troubles open up the market for certain buyers: with
the exception of some specialty lines coverage and companies with the
The blows, when they began falling, were heavy and bone rattling. A
first quarter 2008 loss, reported in May, of $7.81 billion, followed in
August by another haymaker, the announcement of a $5.36 . . .
Vetting violent employees.(WORKERS' COMP)
Employers are continuing to make progress in preventing violence in
the workplace, according to a recent study by the National Council on
Compensation Insurance. According to the report, . . .
Ironshore closes deal.(NEWS & NOTES)
Bermuda-based insurer Ironshore has completed its purchase of
Pembroke Managing Agency Limited, which manages Lloyd's Syndicate
4000. The transaction with Chaucer Holdings PLC was announced on July . . .
Tribal Nation Insurance Services.(BROKER MOVES)
PATRICK JEWELL is the new senior vice president of Tribal Nation
Insurance Services, a subsidiary of Beecher Carlson that provides
services specifically targeted to Tribal Nations. Jewell has more . . .
Lockton: Orlando Rodriguez.(BROKER MOVES)
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ORLANDO RODRIGUEZ was named vice president, unit manager, for the
Connecticut-based Commercial Insurance team at Lockton. He will oversee
Orlando Rodriguez commercial . . .
Soft in the middle, hard around the corner: broker executives see
no end in sight to the current soft market--until something se
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It might be stating the obvious at this point. The market is soft.
"The fire sale continues. Enjoy it while you can," said
Peter Austen, president and CEO, Willis of . . .
Cyber slumber.(LIABILITY)
It's a bold statement, but one that needs to be
said--traditional insurance polices were written for a world that no
longer exists. In today's business environment, most organizations
are based on . . .
A farmer's almanac for the technology
era.(CATASTROPHES)
By definition, natural disasters are infrequent events that cause
severe loss, injury, or property damage to a large population of
exposures. They are hard to predict in both timing and frequency, . . .
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