Reinsurance


Reinsurance

SVM E-Business Solutions Launches Manufacturing E-Business Trends Survey

SVM E-Business Solutions, a leading Web development and consulting firm, announced today the launch of the 2004 E-Business Trends in Manufacturing Survey co-sponsored by the New Jersey Chamber of Commerce. This study will help executives acquire an in-depth understanding of the key internet business trends that are impacting their industry and their competitors.

E-business offers manufacturers a compelling opportunity to enhance their marketing, sales and customer service efforts," said Bob DeStefano, president of SVM. "However, it is often a difficult task to identify the best strategies that will produce measurable results.

The most effective ways to measure internet business success"We hope that manufacturers will be able to use the results of this survey to develop better marketing strategies and in the end create more economic growth opportunities for New Jersey," ...

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Scott Poore Joins InsurBanc as Vice President of Sales & Business Development

Farmington, Conn. (ContentDesk) August 11, 2005 -- InsurBanc, the trusted and respected full-service financial services provider to the Independent Agency community, announced that Scott Poore has joined the company as Vice President of Sales and Business Development.Poore will direct the sales and business development efforts of the bank, focusing on the needs of Independent Agencies and developing relationships with carriers across the country. "We're excited to have someone of Scott's caliber join our team," said Robert J.

President. "With nearly 15 years of experience in both the banking and insurance arena, we expect Scott's vast knowledge and contacts to serve as a catalyst for the bank's continued growth."Prior to joining InsurBanc, Poore served as Managing Partner of a private investment fund. He also spent four years as Vice President, ...

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On a Mission To Prosperity — Eliminating the Debt Spiral

San Francisco, CA (ContentDesk) April 20, 2006 -- Gulfstream Financial Corporation has announced an agreement with Aspen Management Corporation, the parent company of Aspen Reinsurance Group, Inc. for the distribution of Gulfstream's professional financial liability management services.

We determined that Gulfstreams solution is more sophisticated and more responsible than other approaches to reducing, and even eliminating, consumer debt, said Steve Keltie, Vice-President of Aspen Reinsurance Group. We work with unions and associations who are looking for added value for their members and their dependents. Especially now, with consumer debt reaching alarming levels, we are convinced that Gulfstream is addressing an unmet need for professional liability management, Mr.

He added: The comprehensive features of the Gulfstream design are superior to other approaches weve examined and therefore incorporating this competitive advantage into the ...

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Collins Adds John Daum in New York Office

Minneapolis, MN February 16, 2005 - John B. Collins Associates, Inc., one of the world's leading reinsurance intermediaries, today announced that John Daum has joined the firm as a Vice President in their New York office. In his new role, Mr. Daum will be responsible for establishing new reinsurance brokerage client relationships as well as serving the needs of existing clients. He brings 25 years of insurance and reinsurance experience to the company. Mr. Daum began his career in London and later joined General Reinsurance Corporation, until 1989 when Mr. Daum joined E.W.

John is an outstanding addition to our New York staff," said Simon Hudson, Senior Vice President and manager of the New York office. "He brings extensive knowledge and industry experience to the service of our property ...

Demotech, Inc. Summarizes Sixteen Years of Financial Stability Rating

Columbus, OH (ContentDesk) August 17, 2005 -- Demotech, Inc. releases an extensive, 16-year analysis, entitled Serious About Solvency,' of the survival rates of Financial Stability Ratings (FSRs) prepared between 1989 and 2004. This study demonstrates the favorable survival rates associated with stable FSRs.

FSRs prepared over the period 1989 through 2004, Demotech observes that P&C insurance companies earning an FSR of A or better have long-term survival rates that compare favorably to the impairment rates of other rating alternatives. Furthermore, given Demotech's affinity for reviewing regional insurance companies, specialty insurance companies and relatively new insurance companies, its methodology effectively discerns between those that will be financially stable and those that will not.

Koestler, Chief Ratings Officer of Demotech, states, "the analysis confirms the impressive track record of Financial Stability Ratings ...

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2006 Survey Lists Top Ten Ways Mortgage Lenders Overcharge/Abuse Homeowners

ContentDesk) April 10, 2006 -- The Homeowner's Consumer Center and its partner the National Mortgage Complaint Center have just released the results of their survey of common mortgage fee overcharges/mortgage lender abuse for 2006. The survey includes mortgage transactions in every state and region of the United States. This survey was compliled as a resource for consumers wondering what mortgage fees are appropriate, and what fees are not.

The top ten areas of overcharging or mortgage borrower abuse are as follows:1. Yield Spread Premiums. By far the most abusive or the most poorly understood mortgage fee in the United States is the "yield spread premium", also called a "YSP". A "yield spread premium" should not be confused with "points" or other fees a mortgage lender might charge a consumer. This ...

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Virginia Surety Company, Inc. Earns Financial Stability Rating

Columbus, OH (ContentDesk) September 14, 2005 -- Virginia Surety Company, Inc. has earned a Financial Stability Rating (FSR) of A' (A prime), Unsurpassed, from Demotech, Inc. This level of FSR is appropriate for insurers who possess unsurpassed ability to maintain liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves and realistic pricing.

SRs summarize Demotech's opinion as to the financial stability of an insurer regardless of general economic conditions or the phase of underwriting cycle. FSRs are based upon statutory insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). For more than a decade, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace, including the Fannie ...

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Lorman Education Services Presents “Landlord And Tenant Law” on Oct. 27, 2005

ContentDesk) September 21, 2005 -- This program is designed to alert landlords, property management professionals and real estate agents to recent changes in California landlord and tenant law. The impact of these changes on the eviction process and on the landlord's ability to collect past due rent will be discussed in detail. The program will take a practical approach, beginning with a step-by-step review of the eviction process. There will be a discussion of how the contents of a lease can affect that process. The program will also review the "nuts and bolts" of how to collect rent in court.

Guidance will be offered as to how implementation of proper procedures can significantly reduce the risk of liability in these areas.The program is designed to give landlords, tenants and other real ...

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NAILM Sponsors Seminar to Explore Building Better Relationships Between Defense Counsel and Carriers

ContentDesk) October 15, 2005 -- Fostering the Collaborative Rather than Adversarial Relationship between Claims handlers and Defense Firms in the Tri-Partite RelationshipThe National Association of Insurance Litigation Management presents A special Seminar about collaboration and team work in the management of Litigated Insurance Claims.The relationship amongst the participants in the Insurance litigation management tripartite relationship is, at best, often strained.

Upon by: * External bill auditing protocols* Precarious relationships with their carrier clients in an era of carrier mergers and consolidation* Staff counsel initiatives* Overly- rigorous billing guidelines To name a few.Carriers are concerned about:* Spiraling defense cost* Inadequate communications* And a sense that counsels duty to their real client the insured", inevitably leads to bad resultsThese issues have lead to an unfortunate trend toward the adversarial rather than the ...

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Regional, Customer-Driven Management Consulting Firm Strengthens Business with Global Solutions

NouvEON Technology Partners and Technology Evaluation Centers, Inc. (TEC) announce the launch of a new alliance designed to deliver impartial, analyst-vetted software selection assessments to enterprise IT clients.

IT assessments far more efficiently and effectively than by traditional means. "The key value proposition for service providers such as NouvEON is significantly reduced time, costs, and resources required to meet clients' needs by combining the technology of a global player with strong regional experts," says Barry Melsom, Vice President, Global Marketing and Sales at TEC. "The customer proposition is better, easy-to-use, detailed and quantified analysis, delivered in less time than alternative methods.

BestMatch decision support tools to analyze vendor and product data. This will allow decision-makers to select software products that best fit their business and systems requirements, and deliver ...

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