retail

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  $45M Global Bank Heist Could Complicate Cyber-Liability Market; Impact Other Coverages

  By Anya Khalamayzer, PropertyCasualty360.com  |  May 13, 2013

  Experts say liability for the theft could fall on the processors of the debit cards used to perpetrate the crime, and make it difficult for other financial institutions to get cyber insurance coverage.

• ‘Core’ Specialty: Core Programs' Apartment-and-Condo Niche

  By Anya Khalamayzer  |  May 1, 2013

  Richard Trezza, president of Morristown, N.J.-based program administrator Core Programs LLC, recalls discovering his own personal niche in the insurance world: “I graduated with a business administration degree, decided I don’t like corporate America and went into my family’s small insurance business,” he says. “That’s how I learned insurance.”

• Aon’s Case Says Berkshire Deal Will Benefit Lloyd's

  By Mark. E. Ruquet  |  April 29, 2013

  Aon seeks to calm concerns that its co-insurance agreement with Berkshire Hathaway will upset the Lloyd's market.

• New Hires and Promotions at OneBeacon and Vertafore - Around the Industry

  By Staff Writer  |  April 23, 2013

  M&A activity at the Hilb Group and Atlas. The ACE Group, Ryan Specialty Group, MSO and K&K Insurance group unveil new programs.

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  Enviable Combined Ratios, Steady Pricing, Lure Players to Inland Marine

  By Bonnie Cavanaugh  |  April 17, 2013

  An excess of capacity, new competition among carriers and increased measures against cargo theft characterize the landscape of the Inland Marine segment, the vast and varied coverage area that encompasses any type of shipment that does not travel over an ocean, including fine art and jewelry.

• Aspen Enters US Marine, Energy, Construction Sector

  By Anya Khalamayzer, PropertyCasualty360  |  April 10, 2013

  Aspen Insurance is expanding into the U.S. marine, energy, and construction insurance sector under the leadership of Anthony S. Carroll, the company’s newly appointed executive vice president.

• Small Retail Businesses Find Themselves in Hackers’ Crosshairs

  By Chad Hemenway, PropertyCasualty360.com  |  March 20, 2013

  Retail businesses are in the crosshairs of hackers, according to a recent report from Trustwave, a provider of on-demand data-security and payment-card compliance solutions to businesses.

• The Horton Group: Giving Retail Clients A Heads-Up

  By Bonnie Cavanaugh  |  March 20, 2013

  The biggest concerns among retailers in the current economy are Workers’ Comp, getting added value from their insurance agency and loss control, says Paul Sabatino, vice president of The Horton Group in Orland Park, Ill.

• Hiscox Weathers Cat Losses; Will Return Capital to Investors

  By Sinead Cruise, Reuters  |  February 25, 2013

  Insurer Hiscox Ltd plans to return $305.3 million to investors after Superstorm Sandy failed to derail a bumper year of growth in its global underwriting business.

• Leonard Re-elected Chair of ACORD Board of Directors

  By Staff Writer  |  February 5, 2013

  John Leonard, president and CEO of Maine Employers Mutual Insurance Company (MEMIC) has been re-elected 2013 chair by the ACORD Board of Directors (www.acord.org). Lawrence Blakeman, an outside director, was also re-elected as the vice-chair. The announcements were made by ACORD's president and CEO Gregory A. Maciag.

• Innovation Engine: Marsh Forges New, Unique Environmental Products

  By Bryant Rousseau, PropertyCasualty360.com  |  February 4, 2013

  Given the breadth of its client base—and the complexities of Environmental exposures—it’s inevitable that Marsh’s clients will encounter risks for which no insurance solution exists. In these situations, the Environmental practice, which prides itself on its innovation, will work to develop a risk-transfer product that addresses the gap and then...

• Marsh: Rethinking Environmental

  By Bryant Rousseau, PropertyCasualty360.com  |  February 4, 2013

  Chris Smy & co. are securing clients by changing the dialogue around the “P” word and focusing on operational risk—and having an in-house environmental-consulting firm doesn’t hurt.

• Brokerage Business Drives 10% Increase in Aon's Q4 Net Income

  By Mark E. Ruquet, PropertyCasualty360  |  February 1, 2013

  London-headquartered insurance broker Aon plc. says fourth-quarter net income was up 10 percent, primarily due to the strength of its insurance-brokerage business, where revenues grew by 15 percent.

• Cyber Coverage: Protecting Against the ‘Hack Attack’

  By Anya Khalamayzer, PropertyCasualty360.com  |  November 19, 2012

  Cybercrime, including identity fraud, is the world’s fastest-proliferating criminal threat. According to Interpol, cybercrime, which used to be committed by expert individuals, is now perpetrated by organized syndicates that target big and small businesses alike. The crime-enforcement association estimates that, to date, such organizations have stolen up to $1 trillion...

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  Lloyd's America Names Dorr Northeast Region Director

  By Staff Writer  |  November 15, 2012

  HCC Specialty's Glenn Dorr has joined Lloyd's America to become its Northeast region director.

• New Hires and Promotions at Crawford & Co., Aon, Willis North America, SafeAuto and Markel - Around the Industry

  By Staff Writer  |  August 2, 2012

  Digital acquires DSG Benefits, new programs from Ironshore and Markel, Insurance Associates Inc. form F&W Insurance.