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Business Insurance announces 2014 Best Places to Work in Insurance winners

Published August 28, 2014 - 5:02pm CST

A record 75 insurance industry companies are being recognized in this year's Business Insurance Best Places to Work in Insurance program.

Willis Re Canada adds two executives from Guy Carpenter

By: Kate Shepherd

Published August 28, 2014 - 11:36am CST

Willis Re Inc., the North American reinsurance operation of Willis Group Holdings P.L.C., on Thursday said it has hired two executives for its Toronto-based senior management team from Guy Carpenter & Co. L.L.C.

U.S. loses bid to dismiss ex-AIG CEO's $25B lawsuit over bailout

Published August 26, 2014 - 4:35pm CST

(Reuters) — A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice R. Greenberg, the former chief executive of American International Group Inc.

Retrofit bulks up corporate weight-loss effort with BSwift

By: John Pletz, Crain's Chicago Businsess

Published August 26, 2014 - 3:07pm CST

Chicago's Retrofit Inc., a tech-enabled weight-loss startup backed by J.B. Pritzker, Larry Levy and Jai Shekhawat, is teaming with BSwift, a Chicago-based health insurance services company.

Jardine Lloyd Thompson Canada adds 2 executives to Calgary office

By: Kate Shepherd

Published August 22, 2014 - 12:52pm CST

Jardine Lloyd Thompson Canada Inc., a unit of Jardine Lloyd Thompson Group P.L.C., is adding two new members to its senior team in Calgary, Alberta.

National Financial Partners buys mid-market specialist Benefit Resources

By: Jerry Geisel

Published August 22, 2014 - 12:46pm CST

National Financial Partners Corp. said Friday that it has acquired Cincinnati-based Benefit Resources Inc., which specializes in group benefits, human resources and benefit compliance.

Willis partners with sleep health management specialist FusionHealth

By: Kate Shepherd

Published August 21, 2014 - 3:00pm CST

Willis North America Inc. has partnered with Atlanta-based sleep health management solutions provider FusionHealth to help firms reduce risks associated with sleep disorders.

Howden offers insurance coverage for mine collapse rescues

By: Kate Shepherd

Published August 21, 2014 - 2:57pm CST

Howden Insurance Brokers Ltd., a unit of Hyperion Insurance Group Ltd., has launched a stand-alone insurance product that mitigates the costs of rescue in a mine collapse.

Steve Niparko joins Aon Risk Solutions' Denver construction group

By: Kate Shepherd

Published August 21, 2014 - 9:47am CST

Aon Risk Solutions has appointed Steve Niparko as senior vice president and strategic account manager of the firm’s construction services group for the Denver office.

OFF BEAT: Adjuster who drove her way out of a job winds up with settlement

Published August 20, 2014 - 10:19am CST

Even when a loss assessor contributes to losses for the insurer she works for it’s apparently not sufficient grounds in Ireland to fire her.

Towers Watson names Eric Speer global head of risk consulting, software

By: Kate Shepherd

Published August 19, 2014 - 4:54pm CST

Towers Watson & Co. has named Eric Speer as global head of risk consulting and software.

NFP acquires two New England brokerages

Published August 19, 2014 - 8:59am CST

National Financial Partners Corp. has expanded its business in New England with a pair of brokerage acquisitions.

USI devotes month to community service

Published August 18, 2014 - 2:40pm CST

USI Insurance Services is in the midst of celebrating its 20th anniversary with “20 for 20: USI Gives Back,” which the Valhalla, New York-based brokerage describes as “a nationwide event where each of the more than 140 USI offices across the United States invests their time, talent and treasure in local community service during the 20 week days throughout the month of August....

USI acquiring seven retail brokerages from Willis

By: Matthew Lerner

Published August 18, 2014 - 2:15pm CST

USI Insurance Services L.L.C. will acquire seven retail brokerage offices from certain subsidiaries of Willis North America Inc., part of Willis Group Holdings P.L.C.

Former Zurich CEO James J. Schiro dead at 68

By: Sarah Veysey

Published August 18, 2014 - 9:56am CST

James J. Schiro, the former CEO of Zurich Insurance Group Ltd., has died at the age of 68.

Marsh & McLennan CEO Daniel Glaser tapped to lead Federal Advisory Committee on Insurance

By: Mark A. Hofmann

Published August 17, 2014 - 6:00am CST

WASHINGTON — The Federal Advisory Committee on Insurance has been one of the lowest-profile panels in Washington, but that could change in the coming months.

Brokers should assess how buyouts will affect the way they service clients

By: Matt Dunning

Published August 17, 2014 - 6:00am CST

When mid-market insurance brokers are acquired by larger competitors, maintaining the client relationships they've spent years developing demands an open dialogue between producers and insurance purchasers about their respective post-sale expectations.

Risk Management Associates happy with broker's acquisition transition process

By: Matt Dunning

Published August 17, 2014 - 6:00am CST

Hands-on placement and advisory services factor in why security firm Risk Management Associates Inc. chose employee health benefits broker and consultant in 2007.

State judge rules Florida Workers' Compensation Act unconstitutional

By: Stephanie Goldberg

Published August 15, 2014 - 3:20pm CST

The Florida Workers' Compensation Act no longer provides adequate benefits to injured workers and is therefore unconstitutional, a Miami-Dade County, Florida, judge has ruled.

IRS scrutiny of 831(b) tax treatment for microcaptives a VCIA 'hot topic'

By: Rodd Zolkos

Published August 15, 2014 - 9:36am CST

BURLINGTON, Vt.—Among the “hot topics” discussed at the Vermont Captive Insurance Association's annual conference was the Internal Revenue Service's scrutiny of so-called “microcaptives."

Guy Carpenter updates MetaRisk capital modeling tool

By: Bill Kenealy

Published August 14, 2014 - 1:10pm CST

Reinsurance broker Guy Carpenter & Co. L.L.C. on Thursday said it has released an updated version of its capital management decision-making tool, MetaRisk.

Vermont Captive Insurance Association presents 2014 awards

By: Rodd Zolkos

Published August 14, 2014 - 9:31am CST

BURLINGTON, Vt. — The Vermont Captive Insurance Association presented awards to several captive industry participants in recognition of their contributions to the industry at the opening of this year's VCIA conference.

More large employers to only offer CDHPs: NBGH survey

By: Jerry Geisel

Published August 13, 2014 - 2:06pm CST

WASHINGTON — Large employers are continuing to pare back the type of health care plans they offer to try to keep costs under control, according to a survey released Wednesday by the National Business Group on Health.

Industry welcomes bills to clarify NRRA's application to captive insurers

By: Rodd Zolkos

Published August 13, 2014 - 11:20am CST

BURLINGTON, Vt. — The president of the Vermont Captive Insurance Association is “cautiously optimistic” about the chances for bills in Congress aimed at clarifying the federal Non-Admitted Reinsurance Reform Act as it relates to captive insurance.

WellPoint to change name to Anthem

By: Bob Herman, Modern Healthcare

Published August 13, 2014 - 8:52am CST

WellPoint, one of the largest investor-owned health insurers in the country, is looking to rebrand itself as Anthem, pending shareholder approval.

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