FERMA has welcomed Malta and Slovenia as its newest members.
The risk management association of Malta (MARM) and Slovenia (SI.RISK) bring the Federation of European Risk Management Associations’ (FERMA) members up to 19.
21/09/2011
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A captive specialist has joined UK broker firm, Miller, from Bowring Marsh.
Gavin Hamilton (pictured) will work with Miller’s UK and European corporate clients.
20/09/2011
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Jorge Luzzi, group risk management director for Pirelli worldwide, has been elected the next president of the Federation of European Risk Management Associations (FERMA).
He will start as president at the end of the FERMA forum on 5 October 2011 and continue until the end of the forum 2013.
20/09/2011
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The Chinese insurance regulators have allegedly disclosed that China National Petroleum Corporation has had its application for a captive approved.
On September 2, the regulatory commission vice-chairman, Wei Yingning, announced the authorisation according to Free Paper, a world news publication.
19/09/2011
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Dow Corning has asked the US Labor Department for permission to expand employee benefits risks funded through its captive.
Devonshire Ventures, a captive jointly owned between Dow Chemical Corporation and Corning, intends on funding basic life insurance benefits.
16/09/2011
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Marsh has appointed a new COO to oversee global operations.
Bill Pieroni will start on September 19 in Marsh’s New York offices, reporting to Peter Zaffino, president and CEO of Marsh.
16/09/2011
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Willis Re is offering select clients the opportunity to use predictive analytics tool ISO Risk Analyzer.
Willis’ reinsurance arm is promoting ISO property/casualty insurance analytics products in return for ISO offering their products to Willis clients.
The World Trade Centre Captive Insurance Company is deciding whether to appeal against a judge’s decision to pay those who sued for health damage an extra $55m.
Over 10,000 rescue and clean-up workers, who sued New York City (NYC) for damages to their health, will receive a bonus payment and will not have to pay lawyers’ fees on the extra
compensation.
15/09/2011
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Chubb has made a new recruit to its European insurance sector with Jeremy Miles appointed as UK and Ireland manager.
Miles will report to the CEO of Chubb Europe, Michael Casella.
14/09/2011
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A risk retention group has been created to offer errors and omissions coverage exclusively for the National Association of Professional Insurance Agents (PIA) members.
PIA Professional Liability Insurance Company (PIAPRO) was certified by Montana’s captive insurance authority on August 5.
13/09/2011
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An uncertain reinsurance market can work in the industry’s favour argue industry experts.
Alex Moczarski, president and CEO of Guy Carpenter & Company, led a briefing on the current unreliable reinsurance market in September.
13/09/2011
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The insurance-linked securities (ILS) market is poised for growth, Swiss Re predicts in its latest publication.
Re/insurers, governments, corporations are continually accessing capital market solutions to manage capital, transfer natural catastrophe related risks and finance growth, it is reported in Swiss
Re’s publication, The fundamentals of insurance-linked securities.
06/09/2011
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Insurance premium tax rates are likely to rise following European governments’ bids to increase revenue.
Tax compliance consultancy FiscalReps believes that despite changes to IPT compliance requirements to simplify procedures, IPT remains a major challenge for insurers throughout the European Union
(EU).
06/09/2011
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