FSA / ban : insurance broker David Marriott banned for persistent misuse of client money
The Financial Services Authority (FSA) has banned insurance broker David Marriott for persistent misuse of client money after using clients’ funds to support his businesses and finance bonuses, salary increases and new cars. The FSA said it took action against Mr Marriott, former chief executive of two insurance intermediaries Target Underwriting and Professional Insurance Select Limited (PISL), for failing to segregate and protect money from clients’ insurance premiums. The watchdog said Target and PISL were run as one business under the control... Lire la suite
Reinsurance : Aon Benfield Research results interesting for companies
AON published its first edition of the Aon Benfield Research Newsletter which shares the successes of their global research organisations and highlights how academia can work hand in hand with businesses to improve risk awareness and deliver practical results for the reinsurance industry. Highlights include: - Top 5 mega-earthquake hotspots identified - New European windstorm research partnership - Natural Hazards Research Platform launched in New Zealand - ETH advances tropical cyclone risk model - European flood risk management - New hurricane... Lire la suite
Appointment : Duncan Szeto is Presidential Life’s new chief actuary
Presidential Life has named Duncan Szeto as the new chief actuary of its operating subsidiary, Presidential Life Insurance Company. Mr Szeto replaces Jerrold Scher. He joined Presidential Life in 2007 as vice president of financial modeling. Prior to joining Presidential Life, Mr Szeto served in various actuarial roles at MetLife, Inviva and Prudential Financial. He also has several years of actuarial consulting and audit firm experience. Donald Barnes, vice chairman of the board, CEO and president of Presidential Life, said: “Duncan’s... Lire la suite
Aviva : New U.S. Headquarters
All 1,300 of Aviva USA’s Des Moines-based employees and contractors are now occupying the company’s new U.S. operations headquarters at 7700 Mills Civic Parkway in West Des Moines. Capping a summer of highly orchestrated moves, Aviva relocated its staff from three leased locations in downtown Des Moines to the new campus. Aviva USA broke ground on its new headquarters in April 2008. With a project budget of approximately $150 million, the eight-story building sets on 88 acres of commercial property at the intersection of Jordan Creek... Lire la suite
AXA : Incident at Stoke Gifford center
The incident occurred at 1.30pm yesterday. An office worker fell to his death in front of staff inside one of Bristol’s biggest office buildings. The man, who is believed to have been in his 50’s, fell three storeys from the top floor at the Axa Centre, in Stoke Gifford, on to the floor of an atrium yesterday afternoon. Shocked workers at the centre, where 3,000 people work, were sent home by bosses after the incident. Paramedics and police were called immediately but the man, who had not been named by police last night, was declared dead... Lire la suite
