High catastrophe losses and the continuing international credit crisis pushed property catastrophe rates up by 8 percent at the January 1, 2009, reinsurance renewals period, according to a briefing on global reinsurance market conditions published by Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist. Cats and Credit Push Prices Up: Global [...]

Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist, today published 2008 Catastrophe Update, a briefing about the catastrophe reinsurance marketplace in 2008. The briefing, available on www.GCCapitalIdeas.com, Guy Carpenter’s new intellectual capital website, states that the high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made [...]

New York Life Insurance Company announced that it will place its life insurance manufacturing and marketing operations under the direction of Senior Vice President Mark Pfaff, who has run the Agency Department since 2006. The move creates a powerful combination of the industry’s leading field force and one of its strongest life insurance franchises. [...]

Ameriana Bancorp, parent company for Ameriana Bank, announced that Ameriana Insurance Agency, a bank subsidiary, has completed a previously announced purchase of the book of business of the Chapin-Hayworth Insurance Agency Inc. Chapin-Hayworth is a multi-line property and casualty insurance agency located in New Castle.
Chapin-Hayworth Insurance agents Ruth Hayworth and Gail Byers and customer service [...]

The recent financial market meltdown has highlighted the importance of risk management in protecting and creating shareholder value. Executives are under pressure to improve their risk management capabilities and to be responsive to additional regulatory oversight. At the same time, the economic climate dictates that companies must squeeze out additional efficiencies across their business. To [...]

ACE USA, the U.S.-based retail operating division of the ACE Group of Companies, announced the appointment of Robert G. Purdy to the position of Senior Vice President, Workers Compensation, as part of the ACE Casualty Risk Division. Based in Philadelphia, Mr. Purdy will be responsible for leading the underwriting, marketing, and operations strategies for ACE [...]

Chris Kiah, President & CEO, Christianne Dostie, Executive Vice President and Tim Currie, Assistant Vice President, of Markham-based Allstate Canada, joined Richard Cunningham, President & CEO, Markham Board of Trade, and Daniele Zanotti, President & CEO, United Way of York Region, for the official grand opening of a new Allstate Insurance Agency in Markham. Later [...]

Chris Kiah, President & CEO, Christianne Dostie, Executive Vice President and Tim Currie, Assistant Vice President, Allstate Canada, joined Sheldon Leiba, President & CEO, Mississauga Board of Trade, and Frank Dale, Councillor, City of Mississauga, for the official grand opening of a new Allstate Insurance Agency in Mississauga. Earlier today, the Allstate officials opened another [...]

The Worcester Business Journal today recognized Unum as the 2009 Corporate Citizen of the Year. The award is part of the publication’s Business Leaders of the Year awards program, which highlights admirable businesses and business leaders in Central Massachusetts.
“We give out the Corporate Citizen of the Year award to celebrate the businesses that demonstrate that [...]

Today, Chris Kiah, President & CEO, Christianne Dostie, Executive Vice President, and Tim Currie, Assistant Vice President, Allstate Canada, joined his worship, Mayor Ted Salci, Kim Craitor, MPP, Niagara Falls, and Joyce Morocco, Director of Sales for Niagara Falls Tourism and a local member of the Liberal Party of Canada for the official grand opening [...]