arrow_down.jpg









SUBMIT arrow_up.jpg
arrow_down.jpg




SUBMIT arrow_up.jpg

Articles in U.S. REviews November 2010

Click here to view our November 2010 edition in PDF format.

CHAIRMAN’S CORNER - NEW TOOLS FOR INSURERS AND REINSURERS FROM U.S. RE

I’m pleased to report that U.S. RE is continuing to commit substantial resources to provide our clients state-of-the-art risk analysis tools along with a new technology to improve underwriting re...

KUTSINA NAMED MANAGING DIRECTOR U.S. RE ANALYTICS, LLC

Anya Kutsina, an actuary with extensive experience in marketing and sales together with financial risk modeling, has been named Managing Director of U.S. RE Analytics, LLC, a subsidiary of U.S. R...

U.S. RE SELECTED BY DANISH REGULATORY AUTHORITY TO STUDY REINSURANCE CAPACITY FOR TERRORISM RISK

Basel, Switzerland – U.S. RE ApS, the European subsidiary of U.S. RE Corporation, international reinsurance brokers, has been selected by Finanstilsynet, the Danish financial Supervisory Authorit...

U.S. RE CHOSEN TO REINSURE TEXAS PROPERTY INSURER

American Risk Insurance Company (ARI), a Houston-based homeowners insurer, recently selected U.S. RE to develop its reinsurance program and place the coverage, Art Dougherty, U.S. RE Senior Vice Pr...

ELSASS ELECTED TO U.S. RE COMPANIES BOARD

Sanford “Sandy” Elsass, President of Uni-Ter Underwriting Management Corporation (UUMC), has been elected a Director of U.S. RE Companies, Inc., Tal P. Piccione, Chairman and Chief Executive Offi...

ULTIMATE RISK SOLUTIONS INTRODUCES NEW EDITION OF RISK EXPLORER™ FOR SMALL AND MID SIZE INSURANCE COMPANIES

New York, NY – Ultimate Risk Solutions, a global provider of risk modeling software to the property/casualty insurance and reinsurance industry, is introducing a new product, Risk Explorer Expres...

U.S. RE ANALYTICS AND ULTIMATE RISK SOLUTIONS CO-SPONSOR MIDDLE EAST WORKSHOP

Amman, Jordan – More than 70 executives from insurance companies in the region gathered here for a workshop session on risk modeling and reinsurance strategy. Maher Al Hussein, Director of the Jo...

U.S. RE WORKS WITH TUNISIAN INSURERS

U.S. RE Corporation is actively engaged in the Tunisian market, reports Brian McGuire, Senior Vice President and Director, Earlier this year, McGuire and Riccardo Nicolini, Senior Vice President-...

MONTE CARLO RENDEZVOUS – 2010

By Brian McGuire
Senior Vice President and Director
U.S. RE Corporation

Reinsurers and brokers alike might refer to this year’s Monte Carlo Rendezvous as one where th...

LUCAS BRIEFS INTERNATIONAL CONFERENCE ON REINSURANCE

Mexico City – Mark Lucas, Managing Director of U.S. RE ApS and Director of U.S. RE Corporation, conducted a seminar on risk mitigation and reinsurance at the International Insurance Supervision S...

NEW ACCOUNTING STANDARDS TO AFFECT GLOBAL INSURERS

The International Accounting Standards Board (IASB) is set to introduce new, uniform standards to measure insurers’ profitability in 2011. IASB rules are followed in more than 100 countries inclu...

LUBALIN NAMED PROFESSIONAL IN HUMAN RESOURCES

Susan Lubalin, U.S. RE Vice President-Human Resources, has earned the “Professional in Human Resources (PHR)” designation from the Human Resources Certification Institute. PHR is the gold standar...

U.S. RE PROGRAM DIVISION SERVES CALIFORNIA WORKERS COMP MGA

The U.S. RE Program Division has arranged a new carrier relationship for Intercare Specialty Risk Insurance, Inc. one of Northern California’s fastest growing Managing General Agencies. Intercare...

PLANS FOR NEW YORK INSURANCE EXCHANGE MOVING AHEAD

In an interview with the Insurance Journal, Mike Moriarty, Deputy Superintendent of the New York Insurance Department, said plans for recreating a New York Insurance Exchange are on course and th...

A.M. BEST REPORT CITES CHALLENGES FOR REINSURANCE INDUSTRY

Robust earnings mask challenges facing the global reinsurance industry based on market pressures, low interest rates and tightening financial and market regulations that could impact the industry...

EU PARLIAMENT ENACTS FINANCIAL REGULATORY REFORM

The European Parliament voted recently to create regulatory authorities that will centralize financial supervision in Europe with significant implications for large banks and multi-national insuran...

2010 P/C INDUSTRY GROWTH TO LAG GDP, CONNING PREDICTS

“Our expectation is for modest growth in 2010 with net premium growth but weaker than GDP,” said Clint Harris, an analyst at Conning Research & Consulting. Conning’s recent Property-Casualty ...

GLOBAL CAT LOSSES UP IN FIRST HALF 2010

Munich Re reported a significant increase in worldwide catastrophe losses during the first six months of 2010. Overall losses amounted to $70 billion from 440 events. Insured losses were $22 bill...

REINSURANCE RESULTS DECLINED IN FIRST HALF

The Reinsurance Association of America (RAA) reported that U.S.-based reinsurers’ premiums declined to $12.3 billion in the first half of 2010 from $12.8 billion in the same period of 2009. The R...

INVESTMENT INCOME DROVE P/C PROFITS IN FIRST HALF

First half profits for the property/casualty industry rose sharply this year driven by investment income. Net, after tax income grew to $16.5 billion compared to $6 billion in the first half of 2...

UNI-TER WINS COMPUTER SCIENCES CORPORATION INNOVATION AWARD

Atlanta, GA – Uni-Ter Underwriting Management Corporation (UUMC), the U.S. RE subsidiary that builds and manages Risk Retention Groups in the healthcare industry, won the Computer Sciences Corpor...

GLOBAL WARMING IMPACT ON HURRICANE OUTLOOK MINIMAL

The debate over global warming’s impact on hurricanes goes on with no clear-cut answers. At a recent workshop in London, Lloyd’s said “analysis of weather patterns and damage losses over the last...

TORT COST INFLATION REMAINS A THREAT

A special report by the Insurance Information Institute says tort cost inflation continues to threaten the health of the insurance industry and the economy despite declining growth of settlements...

NATIONAL CAPITAL ADJUSTERS TO ADMINISTER CLAIMS FOR REAL ESTATE PROFESSIONALS WHO LOST BUSINESS IN OIL SPILL

National Capital Adjusters (NCA) has been selected to administer the special allocation of funds to pay claims for real estate professionals who lost business as a result of the Deepwater Horizon...

ELSASS NAMED NRRA VICE CHAIRMAN

Washington, DC – Sanford “Sandy” Elsass, President/CEO of Uni-Ter Underwriting Management Corporation, was elected Vice Chairman of the National Risk Retention Association at its annual conferenc...

DONNELLY JOINS U.S. RE AS CLAIMS MANAGER

William B. Donnelly, a veteran claims executive, has joined U.S. RE as Reinsurance Claims Manager. Donnelly has more than 15 years of claims management experience in primary and reinsurance claims....