Agency Management

Reinsurance broker Guy Carpenter & Company, LLC, said it has entered into an agreement to purchase London-based specialty reinsurance broker Rattner Mackenzie Ltd. from HCC Insurance Holdings Inc.

The Pennsylvania Insurance Department on Friday said it is seeking a court order to place Penn Treaty Network America Insurance Company into liquidation.

In a speech today, NU Editor Sam Friedman continued his mini-crusade to convince insurance leaders that their industry's image problem is a risk that can and should be proactively managed. See Sam's blog at www.NUSamSoapBox.com.

Consumer use of social media sites such as LinkedIn, Facebook and Twitter grows unabated, yet insurers and producers have been slow to embrace them as communications tools.

In the United States, the numbers of voluntary and involuntary recalls continue to hit higher levels than in the past--or at least they have played out more dramatically in the media.

While recent comments by Federal Reserve Chairman Ben Bernanke suggest the nearly two-year-long recession may be nearing an end, the economic downturn is likely to remain a force behind additional and potentially uninsured risks for a long time.