Business Insurance - _Brokers & Insurers en-us Mon, 20 Oct 2014 06:03:41 EST 10 U.S. property/casualty insurers' reserves steady for 2014: Moody's 20141017/NEWS04/141019877 Reserves among U.S. property/casualty insurers will remain “moderately redundant” at year end 2014, with some differentiation among companies and business lines. Fri, 17 Oct 2014 14:14:55 EST Katie School names David M. Lockton 2014 Hall of Fame Laureate 20141017/NEWS04/141019879 Illinois State University’s Katie School of Insurance and Financial Services named the chairman of Lockton Cos. L.L.C. its 2014 Hall of Fame Laureate. Fri, 17 Oct 2014 12:57:12 EST Platinum 3rd quarter net income down as net losses jump 20141016/NEWS04/141019895 Third quarter net income declined 23.9% to $29.1 million at Platinum Underwriters Holdings, Ltd. as net premiums written dropped while net losses and loss adjustment expenses soared for the quarter. Thu, 16 Oct 2014 11:49:31 EST New Marsh CFO to take position March 1, 2015 20141016/NEWS04/141019896 Courtney Leimkuhler will become chief financial officer of Marsh L.L.C. on March 1, 2015, the Marsh & McLennan Cos. Inc. unit announced Thursday. Thu, 16 Oct 2014 11:25:42 EST Insurance-linked securities could break annual record despite weak 3rd quarter 20141016/NEWS04/141019898 Despite a slow third quarter for insurance-linked securities, 2014 will still likely surpass 2007’s record year for these non-life securities, according to a report issued by Willis Group Holdings P.L.C.’s Willis Capital Markets & Advisory. Thu, 16 Oct 2014 10:35:57 EST Succession search begins as Oil CEO announces retirement 20141015/NEWS04/141019915 Robert Stauffer will retire as president and CEO of Oil Insurance Ltd. at the beginning of 2016, Hamilton, Bermuda-based Oil announced Tuesday. Wed, 15 Oct 2014 11:45:36 EST Council of Insurance Agents and Brokers elects chairman for 2015 20141015/NEWS04/141019920 Steve Brockmeyer, president and CEO of Pasadena, California-based Bolton & Co. was elected as 2015 chairman of the Washington-based Council of Insurance Agents and Brokers on Tuesday. Wed, 15 Oct 2014 10:11:01 EST JLT hires Aon exec Sarah Stephens to head cyber business 20141014/NEWS04/141019942 Jardine Lloyd Thompson Group P.L.C. has appointed Sarah Stephens as head of cyber, technology and media errors and omissions in its speciality financial lines group. Tue, 14 Oct 2014 09:09:51 EST Brokers, insurers need to offer relevant insurance to prosper: Panel 20141013/NEWS04/141019962 COLORADO SPRINGS, Colorado – Insurers and brokers need to offer relevant products to add value for insurance buyers if they are to prosper in an environment where nontraditional capital continues to enter the market. Mon, 13 Oct 2014 13:31:37 EST Capsicum absorbs AJG Re brokerage team, business 20141013/NEWS04/141019970 The London-based reinsurance brokerage team of Arthur J. Gallagher & Co. has transferred to Capsicum Reinsurance Brokers L.L.P., the reinsurance brokerage set up earlier this year as a joint venture between Gallagher and Capsicum Private Office L.L.P. Mon, 13 Oct 2014 09:09:01 EST