Gen Re LifeHealth Expands to Office in Mumbai.
HEALTH AND BEAUTY CLOSE-UP-8 June 2008-Gen Re LifeHealth Expands to Office in Mumbai(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com Gen Re, a worldwide reinsurer company, announced that it is opening a new liaison office for Life/Health reinsurance business in Mumbai, India. After the Indian Regulatory and Development...

Actuarial modelling of claim counts; risk classification, credibility, and bonus-malus systems.
9780470026779 Actuarial modelling of claim counts; risk classification, credibility, and bonus-malus systems. Ed. by Michel Denuit et al. John Wiley & Sons 356 356 pages $130.00 Hardcover HG9970 The result of...

Commerce sale looks good to go; State doesn't object to deal with Spanish insurer.
Byline: Bob Kievra BOSTON - Spain's biggest insurer is poised to acquire Webster-based Commerce Group Inc. after state regulators said the $2.2 billion deal complies with state laws and poses no antitrust concerns. Attorney General Martha Coakley Wednesday night cleared the merger and the state...

Zurich North America Commercial Taps Marcia Munn to Lead Professional Liability Unit.
HEALTH AND BEAUTY CLOSE-UP-3 July 2008-Zurich North America Commercial Taps Marcia Munn to Lead Professional Liability Unit(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com Zurich, a property-casualty insurance company, announced Marcia Munn has joined the company as head of its Specialties Professional Liability unit, part of its North America Commercial...

HUB International Buys United Benefit Consulting.
HEALTH AND BEAUTY CLOSE-UP-8 July 2008-HUB International Buys United Benefit Consulting(C)2008 - CloseUpMedia - newsdesk@closeupmedia.com Hub International Limited announced that Hub International Northeast (HUB Northeast) has acquired the assets of United Benefit Consulting (UBC), a Long Island-based firm specializing in employee benefit consulting services. Terms...

Evolving issues in reinsurance disputes: the power of arbitrators.
INTRODUCTION Due to its efficient and cost-effective nature, arbitration is often the preferred approach for resolving reinsurance and other complex commercial business disputes. (1) For this reason, reinsurance contracts, as well as many other commercial agreements, often contain arbitration clauses requiring that any and all disputes arising...

NPC sets tender notice for $ 18-M reinsurance policy.
Byline: MYRNA M. VELASCO State-run National Power Corporation (NPC) has issued tender notice to all prospective local and foreign reinsurance companies for its $18-million industrial all-risk policy. The policy will cover the power firm's insurance from March 1, 2007 to March 1, 2008. The solicitation...

The role of U.S. insurance regulators in responding to climate change.
ABSTRACT: This article addresses three key issues set forth in the National Association of Insurance Commissioners' (NAIC) Climate Change & Global Warming Task Force charter: 1. Implications of climate change on the insurance sector 2. Insurers' knowledge of potential climate change impacts ...

Hanover purchases Michigan insurer; Company serves small law firms.
Byline: Bob Kievra WORCESTER - The Hanover Insurance Group Inc. yesterday said it would spend $23 million to acquire a niche Michigan insurance company that provides professional liability insurance to small law firms. After the markets closed yesterday, Hanover said it had forged an agreement...

Splash engages 2 underwriters for IPO.
Byline: ANA MARIE MACUJA Hortaleza family's Splash Corporation has tapped SB Capital Investment Corp. and First Metro Investment Corp. (FMIC) as joint underwriters for a planned initial public offering this year. FMIC Investment Banking Group executive vice president Jose Pacifico E. Marcelo said the family-owned...