Symetra Life Insurance, a subsidiary of Symetra Financial Corporation, has selected Craig Raymond as its new senior vice president and chief strategy officer, effective from 17 September 2012. Based in the greater Hartford, Connecticut, ...
Tags: Symetra Life Insurance, Symetra Financial Corporation, Craig Raymond
Southport Lane, a private equity firm, has selected Jim McNichols as chief actuarial officer of its reinsurance group, Southport Re. McNichol, in the new role, will support reinsurance, underwriting services and directing quantitative ...
Tags: Southport Lane, chief actuarial officer, reinsurance, insurance
With downward price pressures, the excess capacity that providers must have on hand for peak traffic becomes a drag on profits. After the cloud gold-rush era is over, providers will need to find ways to turn that cost center into a profit ...
Tags: cloud service, IT industry, IT technology, SETI
Home furnishings industry veteran Ron Downs announced the launch of The Downs Group, providing senior financial consulting services to the furniture and home furnishings industry working with manufacturers, distributors and its suppliers. ...
Tags: Industry, Company, Furnishing
Many businesses are still reluctant to move sensitive data into an outsourced datacentre,according to analyst Gartner. The findings,based on Gartner's latest annual survey of the state of risk management programmes globally,show that many ...
Tags: Gartner, keep data in-house, risk management programmes, cloud computing
The IT glitch that affected NatWest,Ulster Bank and Royal Bank of Scotland(RBS)will cost the RBS Group£125m,the firm has revealed. In its half-year report,RBS said that it had to provision£125m for"costs arising from the ...
Tags: RBS, IT glitch, Ulster Bank, NatWest
Gallagher Benefit Services (GBS), employee benefit consulting operation of Arthur J. Gallagher has introduced a private insurance exchange platform to offer employers a new way to budget and manage employee benefits. Offered through ...
Cyara Solutions--a pioneer of next-generation premise and cloud solutions for testing,monitoring and simulation of interactive voice response(IVRs)and contact center systems and applications--today announced the hiring of Laurence Webb,a ...
Tags: Cyara Solutions, IVRs, contact center systems and applications
Government-sponsored cybercriminals are using hacking techniques to steal commercial secrets from businesses,KPMG has warned. Confidential information,including product designs and bid documents,are at risk from states seeking to win ...
Tags: Government-sponsored cybercriminals, hacking techniques
The Board of Directors of American International Group (IAG) has elected Morris Offit as director as well as chairman of the finance and risk management committee of the board. Offit will serve as a director until the 2013 AIG's annual ...
Tags: IAG, management committee, Morris Offit
Huatai Property Insurance of China has selected FICO's insurance fraud protection solution to reduce losses from auto insurance claims fraud. FICO said that its predictive analytic models will help uncover fraud early in the process, ...
Tags: Huatai Property Insurance, FICO's insurance, fraud protection solution
Research assesses maturity of current financial, operations and IT processes and benefits. SAN RAMON, CA, June 13, 2012 /24-7PressRelease/ -- Ventana Research has released its latest Benchmark Research, Governance, Risk & Compliance ...
Tags: Ventana Research, benchmark business technology research
US insurers' reserve redundancy during the year 2011 was estimated to be $11.7bn, or 2% of total booked reserves compared to $22bn during the same period last fiscal. According to a research report compiled by Aon Benfield, the global ...
QBE Europe has signed a contract with Arthur J. Gallagher & Co to underwrite its subsidiary, Risk Management Partners' (RMP) public sector business, effective from 01 July 2012. According to sources, the agreement includes underwriting ...
Tags: QBE Europe, Arthur J.Gallagher, RMP
Aon has appointed Steve McGill as group president to oversee development and execution of the firm’s overall growth strategy with primary focus on its risk businesses namely, Aon Risk Solutions and Aon Benfield. In this capacity, ...
Tags: Aon, New Group President, Steve McGill