The Council of Insurance Agents & Brokers announced the addition of two new member firms, bringing its total new member firms year-to-date to 14. The new members are Besso Limited (London, England) and Patriot National (Fort Lauderdale, Fla.). New member firms previously announced in 2015 include: Aditya Birla Insurance Brokers; BroadStreet Partners; CLS Partners; CoBiz Insurance; Cowan Insurance Group; Crescent Global; Esser Hayes Insurance; Gehring Group; Jiang Tai Insurance Brokers; Prime Risk Partners; Snellings Walters Insurance; The Capacity Group. This year, The Council added a total of nine new sponsors to its Partners in Excellence corporate sponsorship platform, which complements its growth in membership. The Council most recently welcomed RiskMatch as a 2015 Event Sponsor. Previously announced this year, The Council added five prominent insurance companies and three notable industry firms: AXA Employee Benefits (Platinum Partner), XL/Catlin (Platinum Partner), ThinkHR (Gold level), ELAP Services (Event Sponsor), Markel (Event Sponsor), UnitedHealth Group (Event Sponsor), Westfield Insurance (Event Sponsor), and Work at Home Vintage Employees (WAHVE) (Event Sponsor). Additionally, four existing sponsors increased their investment in The Council from the Event Sponsor to Gold Council Partner: Aspen, Great American, Nationwide and Swiss Re.
USI Insurance Services (USI) announced that it has acquired the employee benefits business of Benefit Controls of the Carolinas, Inc. This is USI's first acquisition in North Carolina, extending its presence as the leading middle market insurance brokerage and consulting firm in the Southeast. Benefit Controls of the Carolinas, Inc. designs and manages employee benefits and wellness solutions, as well as provides human resources consulting for companies of all sizes. This business and its employees will remain in its Charlotte, North Carolina, location.
Marsh and Munich Re announced the availability of a new non-damage business interruption insurance (NDBI) solution that combines risk transfer and consulting services to assist life sciences companies in managing the impact of regulatory actions imposed by the US Food and Drug Administration (FDA). The FDA and its international counterparts are more closely scrutinizing life sciences companies today through planned and unplanned inspections to ensure current good manufacturing processes (cGMP) are being followed. NDBI Pharma IQ offers life sciences companies that suspend their manufacturing and distribution due to a cGMP violation, up to $10 million in aggregate non-damage business interruption and extra expense coverage for up to 10 manufacturing locations, including those owned by third parties. The policy is only available through Marsh and Munich Re. Additional insurance capacity and consulting services are available as needed.
The National Association of Professional Insurance Agents (PIA) has named MMG Insurance the recipient of its prestigious 2015 Company Award of Excellence. The presentation was made on September 18, 2015 at a gala ceremony held in conjunction with PIA's Board of Directors meeting in New Orleans, Louisiana. Founded in 1897, MMG Insurance currently writes over $170 million in premiums in partnership with more than 180 Agencies across 450 locations.
The American Academy of Actuaries will present Andrea Sweeny, MAAA, FCAS, FCA, with the 2015 Jarvis Farley Service Award during the Academy's Annual Meeting and Public Policy Forum, Nov. 12-13, 2015, in Washington, D.C. The Jarvis Farley Service Award honors actuaries whose volunteer efforts on behalf of the Academy have made significant contributions to the advancement of the profession. The Academy established the award in 1991 to honor one of its most dedicated volunteers, Jarvis Farley, a charter member of the Academy and an invaluable resource for the profession. The Academy will also honor Michael Boerner, MAAA, ASA, director of the actuarial office in the financial regulation division of the Texas Department of Insurance, with the 2015 Robert J. Myers Public Service Award. The Academy's Committee on Actuarial Public Service established the Robert J. Myers Award for Public Service in 1994. The award is named after Robert J. Myers to honor his lifelong commitment to public service.
Insurance leaders at the annual NAPSLO conference in San Diego said cyber claims are starting to come home to roost and some companies are reporting surprising levels of natural catastrophe losses, despite few headline events. NAPSLO 2015 full length interviews include:
The Insurance Marketing & Communications Association (IMCA) will host part two of its 2015/16 Leadership Webcast Series. The two-part series is entitled "Beyond the Buzzwords of Social Media, Content Marketing and Marketing Automation." Part Two: "Putting Your Inbound Marketing Strategy to Work," will broadcast on Tuesday, October 20 at 2 p.m., and will offer valuable tools to position marketers to start practicing better Inbound Marketing quickly and with a higher ROI. It will teach metrics that can be used to monetize conversations in the C-Suite and build a case for even greater success. The webinar will focus on actionable strategies and tactical executions that will move your current program forward with more accountable activities that produce more measurable results and a better ROI. Additional information on the IMCA Webcast Series.
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