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Pearl River, NY - U.S. RE Companies, Inc., the international financial services and reinsurance brokerage firm, moved its world headquarters from mid-town Manhattan to the Blue Hill Plaza corporate of... |
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Pearl River, NY - U.S. RE, is expanding its European operations, Tal P. Piccione, Chairman and Chief Executive Officer, announced.
The Company has formed a new subsidiary, Euro Re Aps, licensed by ... |
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Riccardo Nicolini, a long-time senior executive of Assicurazioni Generali, Italy's leading international insurance company, has joined The U.S. RE Group, Tal P. Piccione, Chairman and CEO, announced.<... |
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After a prolonged debate with different bills passed by the House and Senate and facing year-end expiration, Congress enacted a seven-year extension of the Terrorism Risk Insurance Act (TRIA), which i... |
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As predicted, having escaped another year without major catastrophic losses, reinsurance rates showed reasonable improvements, particularly as the demand for reinsurance, especially among the lar... |
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The Casualty Actuarial Society recently provided a forum to debate the proposed Optional Federal Charter legislation now before Congress. Sharp disagreement within the industry has stalled the legisla... |
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The Insurance Information Institute (I.I.I.) reports that the global pollution liability insurance market has shot up from an estimated $500 million in 1993 to between $2 billion and $3 billion today.... |
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Net income and surplus moved up through the third quarter of 2007. According to the Insurance Services Office (ISO) and the Property Casualty Insurers Association (PCI), industry net income after taxe... |
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A new model for assessing terrorism risk was released recently by AIR Worldwide Corporation, a leader in risk modeling for the insurance industry. Modeling the terrorism risk became a high priority af... |
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A new survey commissioned by Lloyd's and the Economist Magazine's intelligence unit shows that 54 percent of business leaders think the risk of terrorism and political violence will increase over the ... |
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After two years of double digit earnings, industry CEOs and analysts expect only marginal growth in 2008. They point to growing price competition as a restraint on profits. Even so, the outlook remain... |
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Susan Lubalin, a 17-year veteran of U.S. RE Corporation, has been named Vice President-Human Resources for U.S. RE Companies, Inc. She will be responsible for human resources programs at U.S. RE Corp.... |
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Climate change will influence the nature of risks across the globe and inevitably affect the insurance industry as it helps society to manage risk, writes Trevor Maynard, Manager of Emerging Risks at ... |
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A flood insurance reform bill that would phase out subsidies for homes valued at $600,000 or more including houses built before flood insurance rate maps became effective in 1974 has passed the House ... |
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Standard & Poor's Rating Services recently predicted that 2007 will go down as "another excellent year" for Bermuda reinsurance companies based on strong results in the first nine months.
"Despite ... |
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Florida is moving to allow top-rated, foreign reinsurance companies to do business in the State without posting 100 percent collateral. This follows a move last year by Eric Dinallo, New York Superint... |
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At last, the Department of Homeland Security (DHS) has issued a detailed plan aimed at achieving unified response to disasters. Known as the National Response Framework (NRF), officials say the plan i... |
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Property catastrophe losses in 2007 added up to $6.5 billion from 23 events, according to the Property Claims Service (PCS) of ISO. PCS estimated that insurance companies paid 1.18 million damage clai... |
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Population exposed to coastal flooding is forecast to increase threefold to
150 million over the next six decades, according to a global study sponsored by the Organization for Economic Cooperation ... |
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This year marks U.S. RE's 20th anniversary. Reflecting on these years, I'm pleased to report that we've grown from a traditional reinsurance intermediary into a diversified financial services company ... |
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Editor's Note - Art Dougherty joined U.S. RE's broker team a few months ago as Senior Vice President. In a recent chat, we asked about his background and what he thinks about the industry today. Here'... |
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One of the leading catastrophe modeling firms, AIR Worldwide Corporation, reported recently on research that indicates a higher number of tropical storms in the Atlantic does not always translate into... |
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Legislation to create a federal charter for companies that want to opt out of the current system of regulation by 50 separate state agencies is a top priority for the American Insurance Association (A... |
