Insurance Marketplace

QwickRate Introduces Insurance Offering for its Marketplace Subscribers

January 8th, 2009

QwickRate®, the premier, online marketplace for non-brokered funding and investing, announced today the QwickRate Insurance offering for its marketplace subscribers. Extending well beyond typical packages, QwickRate Insurance provides banks and credit unions comprehensive corporate, crime and property and casualty protection and crucial enhancements not usually included in standard insurance policies, such as Cyber Liability. Due [...]

Insurance Marketplace Leaders Join IMSA Board

November 1st, 2008

The Insurance Marketplace Standards Association (IMSA) has approved a new Chairman of the Board and has elected its new Board of Directors, representing leaders from across the life insurance marketplace.
At its annual meeting, IMSA Board members confirmed Scott Curtis, Senior Vice President of Raymond James & Associates, as Chairman of the standards-setting organization.
“As the entire [...]

ICW Group Insurance Now Offers Workers’ Compensation in Illinois

July 10th, 2009

ICW Group Insurance Companies, which partners with 3,800 agents and brokers across the United States, is now offering workers’ compensation insurance in the state of Illinois.
The super-regional carrier’s industry-leading claims services and forward-thinking risk management has helped thousands of companies create a safe and productive work environment, while lowering the costs associated with workers’ compensation [...]

Olympus Managed Health Care Appoints Steve Stoute, Insurance Industry Executive, to Board of Advisors

July 9th, 2009

Olympus Managed Health Care Inc., a leading provider of health care claims administration and cost containment services, announced today that Steve Stoute, a veteran insurance industry executive, has been appointed to the company’s Board of Advisors. The Board establishes and manages the strategic direction of the company.
Stoute brings nearly 50 years of insurance industry experience [...]

Best’s Review’s Insurance Broker Ranking Shows Aon, Marsh at the Top, Shifting Lineup

July 3rd, 2009

Despite the downturn in the economy, the multibillion dollar global insurance brokerage business held steady, for the most part, in terms of brokerage revenues in 2008. Best’s Review’s annual Top Global Insurance Broker ranking reports Aon Corp. as the No. 1 global broker with $6.2 billion in brokerage revenues. No. 2 is Marsh Inc. with [...]

XL Insurance Teams Up With National Indemnity To Provide ‘Side A’ Directors & Officers Coverage

June 9th, 2009

XL Insurance, XL Capital Ltd’s global insurance operations, announced a new agreement with National Indemnity Company (”National Indemnity”), an insurance company subsidiary of Berkshire Hathaway Inc. Under this agreement, and its related reinsurance agreement, National Indemnity will issue endorsements to “Side A” Directors & Officers policies.
“Given today’s business climate, we believe that this enhanced ‘Side [...]

Universal Property & Casualty Insurance Co. Increases Business Continuity Coverage at 1Vault Networks

June 2nd, 2009

As a leader in the property and casualty insurance marketplace, South Florida-based Universal Property & Casualty Insurance Co. certainly understands the science of risk management and protecting the assets of its customers.
As part of its corporate business continuity/data protection plan, Universal has decided to expand the scope of its colocation/disaster recovery coverage with 1Vault Networks [...]

European Insurance Asset Management Survey Published

February 26th, 2009

Insurance Finance & Investment, published by WorldTrade Executive, Inc., in partnership with Patpatia Associates announces the publication of a new survey of asset management practices of European insurance companies and money management firms entitled IFI European Insurance Asset Manager Annual Survey.
IFI European Insurance Asset Manager Annual Survey provides comprehensive, hard-to-find details on asset managers specializing [...]

Northern Trust Launches Insurance Accounting Solution with ProMutual Group

February 12th, 2009

Northern Trust announced it has been appointed to provide an insurance accounting and financial reporting outsourcing solution for ProMutual Group, a leading provider of medical liability insurance in the Northeast. ProMutual Group, with an investment portfolio of approximately $1.9 billion, is the first client to benefit from the full statutory accounting solution developed by [...]

Senior Market Sales Offers Discounted E&O Insurance for Agents

February 9th, 2009

Senior Market Sales, Inc., a leading independent marketing organization (IMO), has partnered with Brown and Brown of California, Inc., dba CalSurance, to offer Errors & Omissions insurance for agents at significantly discounted rates. The initial open enrollment period launched Feb. 2, 2009. Insurance agents who are contracted with Senior Market Sales can now enroll for [...]