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MMC said it would seek to create savings on information technology by establishing global centers for service, infrastructure and network operations. It also plans to improve procurement management
The insurance industry was getting mixed signals at week's end as to whether the U.S. House of Representatives will act on a bill to reform regulation of the surplus lines and reinsurance markets
Rep. Edward Royce, R-Calif., says he plans to introduce a House version of optional federal charter legislation this fall--but the move comes amid several indications that the Democratic leadership in
A report on excess and surplus lines released at the annual convention of key market players last week may have indicated little industry premium growth for 2005, but 2006 is another story, according
MajescoMastek has introduced its Elixir Incentive Compensation Management solution (Elixir ICM), which permits carriers to manage distribution channels, motivate producers with customized reward
The executives were charged in a multi-count indictment with conspiracy to violate federal securities laws and commit mail fraud, as well as with securities fraud and making false statements to the
AIR Worldwide Corporation has released its U.S. wildfire model, a probabilistic model designed to help insurers understand the location of their exposures and to estimate potential losses from
The National Underwriter Company (parent company of Tech Decisions magazine and eNews) has released the OCS Online CAM (Career Activity Management) Report, an analysis and reporting tool that
In the United States, 5 reinsurers now handle about 80% of U.S. individual life business in force, the analysts write, citing figures from a May study conducted by Munich American Reassurance Corp.
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