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Best’s Rating Notification – Royal & Sun Alliance Reinsurance Limited

February 23, 2012

A.M. Best Company has made the following rating update:. Company: Royal& Sun Alliance Reinsurance Limited. To obtain more information about this company, please visit:.

Vertafore Announces Moves to Strengthen Technology Innovation and Long-Term Business Performance

February 23, 2012

Vertafore, the leading provider of software and information to the insurance industry, today announced that CTO Vance Huntley and CFO Jeff Groh will be leaving the company. Vertafore has begun the search for both positions and in the interim John Morrow, SVP, Corporate Development and Legal Affairs, will assume the role of CFO. “Jeff and Vance have both made…

Aon Loses Bid to Find Alliant in Contempt in Employee-Poaching Suit

February 23, 2012

A New York judge has denied a motion by Aon to find Alliant in contempt, ruling no recent allegations against Alliant violated a previous court order…

A.M. Best Remains Concerned Over Potential Emergence of ULSG Tail Risk

February 23, 2012

The debate over how Actuarial Guideline 38 should apply to certain universal life with secondary guarantee and term universal life products is heating up again ahead of the National Association of Insurance Commissioners spring meeting in New Orleans, which begins on March 3. Bob Adams, senior financial analyst at A.M. Best Co., said although A.M. Best views…

Protiviti Promotes Nine Leaders to Managing Director Positions Worldwide

February 23, 2012

Protiviti, a global consulting firm, is pleased to announce that the following professionals have been promoted from director to managing director: Jonathan Bronson, Kim Dickerson, Barbi Goldstein, Michael Lane, Emma Marcandalli, Luca Medizza, Jordan Reed, Bernadine Reese and Scott Wisniewski. “These nine professionals are proven problem-solvers who excel at…

VCU study suggests use of managed care plan for uninsured may reduce costs, ER visits

February 23, 2012

The cost of caring for the uninsured population who will gain coverage through the Affordable Care Act of 2014 can be reduced by almost half once the act is implemented, according to a new study from Virginia Commonwealth University researchers. In the study, now available online and to appear in the February issue of the journal Health Affairs, researchers led…

Hilton Brown to manage client advocacy and claims in EPIC Los Angeles and Irvine offices [California Newswire]

February 23, 2012

LOS ANGELES, Calif./ California Newswire/– Edgewood Partners Insurance Center, a retail property, casualty and employee benefits insurance brokerage, announced today the addition of Hilton Brown who will oversee client claims and advocacy in the company’s Los Angeles and Irvine offices. Brown will also provide claims support for sister company PowerGuard…

Western National Insurance Named First Insurance Company to Adopt Digital Postal Mail Powered by Zumbox

February 23, 2012

DST Output and Zumbox announced that Western National Insurance Group, a Minnesota- based insurance provider, is now delivering the majority of its customer communications via digital postal mail, powered by Zumbox. Through an agreement between DST Output, a leading print and digital customer communications provider, and Zumbox, the world’s first digital…

The Standard Appoints Rob Baumgarten as Vice President of Field Service

February 23, 2012

Standard Retirement Services, Inc., a subsidiary of StanCorp Financial Group, Inc., is pleased to announce the appointment of Rob Baumgarten as vice president of Field Service. Most recently, he served as a vice president of Field Sales, managing The Standard’s field sales team. Baumgarten is a graduate of the University of Colorado in Boulder, where he earned a…

Chubb Forms Alliance to Address CEOs’ Personal and Business Risk Needs

February 23, 2012

As part of the alliance, Chubb will provide Vistage members with risk management education and access to an array of products and services tailored to their needs. “A strong risk management program, supported by Chubb’s high-quality insurance products and loss control and claims services, can help protect our members and their businesses from the unexpected,”…

Caring.com Hires World-Class Marketing Executive to Drive Company Growth

February 23, 2012

A veteran of the online advertising industry, with expertise in lead generation, social networking, ad networks, and Web publishing, Cassel has helped companies reach prospective customers online since 2002. She’s held senior leadership positions at online vertical marketing pioneer QuinStreet, social media giant Tagged, and, most recently, digital media…

Shareholder Unloads Stake in China Pacific Group

February 23, 2012

In January, Parallel Investors sold 18 million of China Pacific’s Hong Kong- listed H shares. Both Carlyle Holdings Mauritius Ltd. and Parallel Investors jointly reduced their stakes in the Chinese insurer’s H shares to 4.94% from 5.15% following the transaction, said China Pacific in a statement filed with the Hong Kong Stock Exchange.

LIMRA, LOMA Name Kevin McWhinney to Head International Sales

February 23, 2012

McWhinney will be responsible for developing and overseeing LIMRA and LOMA’s international sales force, building sales and membership in key markets throughout the world…

Centene wins Missouri Medicaid contract [St. Louis Post-Dispatch]

February 23, 2012

Feb. 23– CLAYTON– Centene Corp. has won a major contract to manage health care for Medicaid beneficiaries across Missouri, the Clayton- based company announced Wednesday. Missouri’s managed care program, serving 427,000 Medicaid patients, spends $1.1 billion annually, said Wanda Seeney, a spokeswoman for the state Office of Administration.

Desjardins Introduces Comprehensive Critical Illness Product

February 23, 2012

Desjardins Financial Security is offering a brand-new critical illness insurance product for employers who want to help their employees cope with the financial stress related to health problems…

Leading Business Publication Recognizes Capital BlueCross’ Employee Training Program As One of the Top Ranked Globally

February 23, 2012

Capital BlueCross was recently named by Training Magazine as No. 99 in its annual list of the 125 top companies for employee training. Training Magazine is the leading business publication for learning and development professionals. Now in its 12th year, the Training Top 125 is the only report that ranks companies across the globe that excel in harnessing…

Travel Insured’s “Team TII” Gives Back

February 23, 2012

In the course of the year, Team TII’s efforts generated $18,582 in donations for several charitable organizations, including, the American Liver Foundation, the Juvenile Diabetes Research Foundation, the Connecticut Children’ s Hospital, Toys for Tots and the East Hartford Food Shelters. This year, Team TII members will raise funds for the Special Olympics, for…

Announces CUNA Mutual Group’s Discovery Session Speakers and Topics for America’s Credit Union Conference

February 23, 2012

Credit Union National Association and CUNA Mutual Group announced speakers and topics for the Discovery Sessions at the 2012 America’s Credit Union Conference. “This year’s Discovery session speakers and topics address the most urgent issues facing credit unions,” said Jeff Post, President and CEO of CUNA Mutual. ” Ann Davidson, Consultant, Risk Management,…

Pacific Life Launches New Deferred, Fixed Indexed Annuity

February 23, 2012

Traditional fixed annuities fit the bill, but along with safety of principal, some clients also want the opportunity for greater growth than a traditional fixed annuity normally provides…

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