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Monday, July 29, 2013

Reinsurers Find Reliable Source of Capital in Pension Funds

Reinsurance and pension fundsU.S. pension funds have been key in boosting the global reinsurance market's capital base and helped reinsurers pay insurer claims arising from major disasters such as 2011's earthquake in Japan and 2012's Superstorm Sandy, according to the Casualty Actuarial Society.


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Kansas Schools Keep Existing Concealed-Carry Policies

Schools and gunsUnlike state and municipal buildings, school districts in Kansas are exempt from recently passed concealed-carry legislation.

However, with school board approval, school districts may allow those with concealed-carry permits to bring handguns onto school grounds. But insurance carriers for the ...

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Hiscox First-Half Profit Jumps 44%

HiscoxHiscox Ltd., the second-biggest Lloyd's of London insurer by market value, said first-half profit jumped 44 percent, beating analyst estimates, helped by accelerating growth in gross written premiums.

Net income climbed to $180.7 million pounds ($278 million) in the six months to June 30 from 125.8 million pou...

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Halliburton Pleads Guilty to Destroying Evidence After 2010 Oil Spill

HalliburtonHalliburton has agreed to plead guilty to destruction of critical evidence after the Gulf of Mexico oil spill in 2010, the U.S. Justice Department has announced.

The oil services company said it would pa...

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Glatfelter Risk Control Receives Public Sector Safety Award

Glatfelter Program ManagersDaniel Mahoney, CIH, CSP, Vice President of Risk Control at Glatfelter Public Practice (GPP) was the recipient of the American Society of Safety Engineers (ASSE) Public Practice Specialty Safety Professional...

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Marsh Private Client Services Appoints Kevin Tobin as CEO

MarshMarsh today announced that it has appointed Kevin Tobin to be CEO of its Private Client Services (PCS). Currently chief operating officer of Marsh's Insurance Services Businesses (ISB) unit, he will assume the role on August 1. Mr. Tobin will be responsible for leading this important business, which serves the personal in...

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