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One of the world’s largest beverage companies has successfully embraced the somewhat modern practice of funding employee benefits through captive utilization. Coca-Cola recently began reinsuring some of its international pension liabilities through its Dublin-based captive, Coca-Cola Reinsurance Services Ltd. The captive reinsures about $400 million in annuities written by insurers for benefits provided to enrollees [...]
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In our print publication, Risk Management magazine, we have spent some time highlighting the diversity — or lack thereof — in the risk management and insurance industries. In November 2008, I wrote a cover story about the racial makeup of the insurance industry, and this month, our editor Emily Holbrook wrote a cover story on Women [...]
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The most-watched sporting event of the year is upon us. This Sunday, the Packers will take on the Steelers in a battle of brawn. But such a large event undoubtedly poses serious risks to everyone in attendance, including vendors, teams and spectators. To understand how the NFL and the stadium handle such threats, I contacted [...]
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Yesterday, Aon released its quarterly D&O pricing index, finding that the average price for $1 million in coverage limits increased 4.9% from the first quarter of 2010 and, more importantly, that D&O pricing decreased 16.4% in the second quarter as compared with the same quarter in 2009. According to the report, this is the largest decrease [...]
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