Archive for February 2015
1st Cayman Portfolio Insurance Company Formed by Ascension Insurance
The first portfolio insurance company (PIC) has been formed in the Cayman Islands, as a direct result of new insurance regulations Cayman enacted in January to provide risk management alternatives for insurers incorporated as segregated portfolio companies (SPCs). AARIS Insurance … The article 1st Cayman Portfolio Insurance Company Formed by Ascension Insurance appeared first on…
Read MoreWillis Signs Indian Market Joint Venture with Almondz Insurance Brokers
Willis Group Holdings plc announced that it has agreed to purchase a 49 percent stake in Almondz Insurance Brokers Private Limited, an Indian insurance broker with nearly 300 associates in nine offices in India serving clients with a broad range … The article Willis Signs Indian Market Joint Venture with Almondz Insurance Brokers appeared first…
Read MoreIPCC Selects Acting Chair after R.K. Pachauri Steps Down
The Bureau of the Intergovernmental Panel on Climate Change (IPCC) announced that it has agreed, in accordance with its procedures, to designate Vice-Chair Ismail El Gizouli as Acting IPCC Chair. The IPCC said the selection of “Gizouli follows the decision … The article IPCC Selects Acting Chair after R.K. Pachauri Steps Down appeared first on…
Read MoreFinancial Markets Warned Aging Population Means End to Savings Glut
The global “savings glut” that has driven stocks to record highs and bond yields to record lows will soon start to disappear, leading to higher interest rates around the world as populations age, according to a Barclays study. After three … The article Financial Markets Warned Aging Population Means End to Savings Glut appeared first…
Read MoreU.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of Interest
Aviva plc was fined 17.6 million pounds ($27.2 million) by the U.K. financial markets regulator for failing to manage conflicts of interest among funds in its fixed-income business. From August 2005 to June 2013, Aviva served funds that paid different … The article U.K. Regulator Fines Aviva $27 Million for Failing to Manage Conflicts of…
Read MoreInternet Domain .Insurance to Be Available By End of 2015
The top-level Internet domain “.insurance” should be available to to the industry late this year, according to a financial services-backed organization that operates generic domains including “.bank.” The group, fTLD, submitted an application to the domain-approval organization, the Internet Corporation … The article Internet Domain .Insurance to Be Available By End of 2015 appeared first…
Read MoreBP Appeals Ruling on Gulf Oil Spill Size
BP Plc on Monday appealed a federal judge’s finding of the size of the 2010 Gulf of Mexico oil spill, which leaves the company potentially liable to pay $13.7 billion in fines. In January, U.S. District Judge Carl Barbier in … The article BP Appeals Ruling on Gulf Oil Spill Size appeared first on Insurance…
Read MoreFebruary Insurance Job Market Observations
February Insurance Job Market Observations Another cold blast and more snow continue to frustrate many but the insurance job market stays hot as the demand for talent has intensified. The shortage of well trained talent is costing employers opportunities to write new business or sell other services and products nationally. The inability to identify and…
Read MoreWho Is Responsible for Employee Engagement?
Who Is Responsible for Employee Engagement? By: Omnia Blog Employee engagement is crucial to the success of any organization. There’s no shortage of available material offering theories, tips, and tidbits on ways that companies and managers can increase employee engagement by following Steps 1, 2, and 3, or implementing Principles A, B, and C. However,…
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