INSURANCE BRIEFS

INSURANCE BRIEFS

SKANDIA RE TO OPEN

NORWALK BRANCH OFFICESkandia America Reinsurance Corp. will open the Norwalk branch property/facultative office in Norwalk, Conn.

Norwalk will service facultative property clients and intermediaries in the New England region. Skandia America Re's property facultative capacity is $10 million.

Thomas J. Frem, assistant secretary, was named the property manager in the Norwalk office.

P/C SURVEY TO SUPPLY

EXPENSE GUIDELINES

NEW YORK - The insurance general management consulting group Towers Perrin and its actuarial subsidiary Tillinghast will launch a study in April to provide benchmark measurements of expenses and productivity for property/ casualty companies.

The study will help managers to identify the full cost of doing business and compare the results with peer companies.

"The industry desperately needs a benchmarking system to establish competitive standards and encourage continuous improvement," said Bill Morelli, a Towers Perrin principal who will co-author the study.

INSURERS' NETWORK TAPS

LAWRENCE E. BACON

TARPON SPRINGS, Fla. - Lawrence E. Bacon, senior vice president of Travelers Cos., was elected chairman of Insurance Value Added Network Services, Greenwich, Conn., at its recent annual meeting here.

Mr. Bacon succeeds Douglas Bennett, president of Bennett-Elbert Co., Lake Jackson, Texas.

William A. Rue, president of Rue Insurance, Trenton, N.J., was named chairman-elect.

MED PRO HEADQUARTERS

MOVES TO BEDFORD HILLS

MOUNT VERNON, N.Y. - Medical Professional Liability Agency Ltd. (Med Pro) has relocated its national headquarters from Mount Kisco to Bedford Hills.

The firm, which provides professional liability insurance for doctors and dentists, markets coverage in New York and in other states primarily on a sponsored basis, through medical and dental associations.

According to Thomas J. Dietz, president and chief executive of Med Pro, the agency needed more space to accommodate its expansion. Med Pro is a subsidiary of Frontier Group Inc., a property/casualty insurance holding company in Monticello.