Cpcu News

Allianz just released its 12th Risk Barometer, an annual corporate risk survey incorporating the views of 2,712 risk management experts in 94 countries and territories, including CEOs, risk managers, brokers and insurance experts. The overall global results reveal Cyber incidents and Business interruption as the biggest company concerns for the second year in succession. Macroeconomic developments such as inflation, financial market volatility and a looming recession rose to the third spot followed by the impact of the Energy crisis…

LIG Marine Managers, a commercial marine and longshore MGA in the U.S. and Lloyd’s broker, announced that veteran marine insurance executive Ken Baldwin has joined the company as Vice President of Marine.At LIG, Baldwin will direct and expand marine programs, including the company's quality control, and expand the team’s industry knowledge.Baldwin brings to the role extensive underwriting, operations improvement and program management experience. At one point, he personally handled…

Though water covers more than 70 percent of the Earth’s surface, businesses engaged in marine shipping operations and logistics, and other businesses that manufacture and ship product still have a lot of ground to cover getting their various goods to their final destinations. The ocean marine insurance market, the oldest insurance market in the world, was initially developed to protect these goods while crossing the ocean’s open waters, later to morph into a product to protect all international transportation regardless of mode.

Wheelabrator Group said it reached a major milestone during the first quarter of 2014 with 1 million hours without a lost time incident. More than 200 Wheelabrator employees and guests marked the event during a safety luncheon at their LaGrange facility, March 13. Featured speakers included Robert E. Joyce, President & CEO of Norican Group (parent company of Wheelabrator and DISA); Poul Erik Arre, Director of HS&E, Norican Group from Denmark; Pierre Tanguay, VP Supply Chain, Wheelabrator Group…

Grace D. Thomas, Senior Vice President at Great American Insurance Company and a former Chairperson of the Inland Marine Underwriters Association (IMUA), was presented with a Lifetime Achievement Award at the association’s Annual Meeting held mid-May. Ms. Thomas was one of three individuals recognized by the IMUA. The others included Arthur L. Flitner, CPCU, Senior Director of Knowledge Resources at The Institutes – Excellence in Education; and Julie A. Saunders, Inland Marine Business Unit Audit Lead, Travelers – 2012 Outstanding Committee Person.

To put its marine insurance experience closer to their clients, agents and brokers, the Marine insurance unit at XL Group plc (NYSE: XL) announced additional underwriting appointments further establishing its inland marine field operation. XL’s new Inland Marine Field team includes Michael Perrotti, Senior Vice President, Marine Field Operations based in Cleveland, Ken Mueller, Regional Vice President in Atlanta, and Ryan Faris, Marine Underwriter in New York. According to Richard DeSimone, President of XL’s US Ocean and Inland Marine unit, “New York, Cleveland and Atlanta are key trading hubs. With these appointments, we’re putting our inland marine underwriting expertise out in our key markets and in closer proximity to our clients.

The Inland Marine Underwriters Association (IMUA) will be celebrating its 80th anniversary, during its annual meeting, this May at the Kingsmill Resort & Conference Center in Williamsburg, VA, May 16-19, 2010. Rich Soja, the current IMUA chairman, will kick things off by introducing Sophia Phillips, The Hanover Insurance Group, as the new chair of the IMUA. Ron Thornton, IMUA President & CEO, will be delivering the State of the Association report. Following these presenters will be a full schedule of educational sessions and trade show participation over the course of the meeting. On Monday, May 17, 2010 attendees will hear from the Chairman and CEO of Willis North America, Donald J.

Integro Insurance Brokers announced that Patrick J. Murphy has joined the firm’s New York office as a Managing Principal in the Marine Practice. He will focus on coverage related to the global transportation and storage of cargo, among his other areas of expertise. Murphy has some 18 years experience in global transit insurance. He joins Integro from Marsh, where he served as a Managing Director and New York Cargo Department Manager. Prior to Marsh, he worked for Johnson & Higgins. Murphy earned a Bachelor of Science degree from Maritime College, State University of New York. He also holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Marine Insurance Management (AMIM) professional designations

William Pennella, vice chairman and executive vice president of Crowley Maritime Corporation, announced today that Dwight Menard has been promoted to vice president of risk management effective Dec. Menard will be responsible for the company’s global insurance program; management of Beacon Insurance Company, Ltd; supporting the risk management and insurance requirements of Crowley’s four business lines; allocation of insurance cost and administration/management of the claim, insurance and contract review/approval processes. Menard will remain domiciled in Jacksonville and report to Pennella. Menard’s promotion is the final step in the two-year effort to consolidate Crowley’s risk management functions in Jacksonville…