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We also work in areas as diverse as trade credit, surety, political risk, and environmental risk transfer. And if you have employee benefit issues or need KEYMAN LIFE we would also be pleased to guide you in finding solutions.

If it involves risk we will help you find what is needed.

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‘News Items’

Emerging Trends at Lloyds

Thursday, October 28th, 2010

And from Carl Philips blogging at the Lloyds website- an investigation of some emerging trends in the Lloyd’s Market. We hope you find this helpful. Clearly Lloyds is striving to grow from its conservative face-to-face style into the world leader in insurance technology  that it can be, with careful thought  about how to keep the best of the past and still evolve with the future needs of its clients and intermediaries.

Meridian is a highly dynamic specialized insurance consulting group and broker with offices in Boston, MA, Newport, RI and Brookfield, CT.  We are a hard-driving group with an entrepreneurial spirit who will work tirelessly for clients.  We specialize in risk management and risk transfer issues for clients. We are members of several business and industry associations  and the Professional Insurance Agents group (PIA.)

Our Mission is simple.   We seek to help our clients make the best risk and risk transfer decisions possible.  We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives.

“The Gracechurch London Market 2010 Study’s main headline was that Brokers were “very positive” about doing business at Lloyd’s over the next three years but digging down into the details some interesting trends are emerging.

An emerging market trend that caught my eye was the prediction that the percentage of risks placed electronically would almost double by 2012.  Brokers anticipate more business being placed screen to screen over the next two years, maybe as much as 5% of the total.  However brokers remain solid on the need to have close physical proximity with the people they deal with; face to face trading being one of the unique selling points of the London Market.

As we approach the formal launch of the Endorsements Pilot on 1 October 2010 that will see all endorsements for direct marine hull, cargo and liability sent electronically using electronic messaging to support the face to face trade it seems that this forecast may prove to be correct.

Lloyd’s is currently undertaking a piece of research using the iPad. This work proposes replacing the broker’s slip case with a device that enables documents used in the face to face negotiation to be stored and read electronically. Brokers have responded to this proposal with great enthusiasm.

The combination of a ‘sexy’ gadget to support the trade and ACORD messaging to evidence contract certainty could help maintain the uniqueness of the London Market and may well mean that 2011 is the year when electronic support for the face to face placing process comes of age.”

ASME 2010 4th International Conference on Energy Sustainability

Monday, March 1st, 2010

Whether your interest is simply in getting up to speed on fast changing energy policy or developments in energy technologies as far flung as solar, wind, biofuel, geothermal or even applications involving nano technology this is the place to be in May 2010.  Make sure to register for the event  upcoming May 17-22, 2010 at the Phoenix Convention Center,  Phoenix, AZ  and focused on building the new energy society.

For registration info paste the link:   http://www.asmeconferences.org/ES2010/

Meridian is a highly dynamic specialized insurance consulting group and broker with offices in Boston, MA, Newport, RI and Brookfield, CT. We specialize in risk management and risk transfer for companies interested in sustainable practice. We also promote sustainable practices and are members of the Sustainable Business Network and Slow Money Alliance. Our Mission is simple.  We seek to help our clients make the best risk and risk transfer decisions possible.

We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives.

Have you heard about Friends of Slow Money?

Saturday, November 21st, 2009

Here’s more of what came out of the Santa Fe Slow Money event in September!

“The Friends of Slow Money fundraising event is over, but the Slow Money movement is just beginning! Here’s how you can help:

Become a member of the Slow Money Alliance and sign the Slow Money principles.

Friends of Slow Money chose the Slow Money Alliance because its founders and board have a proven track record of running successful, socially responsible businesses. If anyone is going to pave the way for a radical shift in our economy – from the ground up — it’s them.”

Read more about Friends of Slow Money – a grassroots movement to seed a new economy – at their link

http://friendsofslowmoney.ning.com/

Meridian is a highly dynamic specialized insurance consulting group and broker with offices in Boston, MA, Newport, RI and Brookfield, CT. We specialize in risk management and risk transfer for companies interested in sustainable practice. We also promote sustainable practices and are members of the Sustainable Business Network and Slow Money Alliance. Our Mission is simple.  We seek to help our clients make the best risk and risk transfer decisions possible.

We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives.

 

Feedback on Slow Money Alliance National Gathering

Wednesday, September 23rd, 2009

Just wanted to share some of the momentum that continues to build after the event.

A few terrific press hits from last week:


Some of the things we’ve heard from all of you:

“For an event focused on the ground, the Slow Money Conference was surprisingly uplifting. The room was filled with positive energy and the sense that something important was going on. Woody’s idea of tackling the funding of sustainable agriculture directly and creatively couldn’t be more timely. Slow Money could kick sustainable agriculture to the next level…which for the sake of the soil and earth can’t happen fast enough. I don’t see how venture capitalists can resist. I think people are going to look back on Santa Fe as a turning point for sustainable agriculture. I’m glad I was there to be a part of it.”
- Mardi Mellon, Union of Concerned Scientists, Washington, DC

“I’ve been involved with a lot of movements over the last 40 years and this one has a real chance to make a difference. I can’t tell you how excited I am to be part of it.”
- Michael Kanter, Cambridge Naturals, Cambridge, MA

“A refreshing attitude towards meeting real investment needs”
- Wayne Silby, Calvert Funds, Bethesda, MD

“Excellent event. Honored to be a part of this co-creative process of a new paradigm in supporting local food systems. I kept meeting amazing people to interact with around subjects that I hold dear.  From Soil that grows our Food, to Food that sustains our Lives, to Money that is our society’s currency connection for the interplay of these natural resources. I was grateful to be included in the inaugural event.  I think what struck me most was the diversity and quality of attendees that arrived intent on being part of the process to ‘co-create a new paradigm’ .. around local food systems and authenticity empowering money. The agenda was perfect for telling the story and setting the stage for the next evolutionary leap forward in our relationship with Food and Money.  I got tears in my eyes coming home and explaining it to people. I truly appreciate you ‘holding  the space” and facilitating  the process. It was so good meeting others around the country with similar mindsets. I’m ready to help in the Pacific Northwest.”
- Jim Baird, Baird Orchards, Royal City, WA

“I think I’ve been waiting for Slow Money my entire life. The message instantly resonated with me and I felt grateful that someone had put a voice to things I had been feeling for years. Woody Tasch is a hero for our times.”
– Kathleen Slattery-Moschkau, The Kathleen Show, Madison, WI

“After attending the Santa Fe event, there is no doubt in my mind that Slow Money will play a significant role in creating a more sustainable, conscious and compassionate world.  It is a privilege to participate in this necessary shift and I encourage all those who are interested in making a vital contribution to the world to support Slow Money in any way they can.”
– Janie Hoffman, Bonsall, CA

“I returned filled with hope, inspiration and beautiful connections from the Slow Money Alliance National Gathering. My most profound gratitude to Woody Tasch and all the participants for providing the opening to engage the most critical life affirming conversation that is Slow Money and to explore greater possibilities for our future. The abundance of consciousness, knowledge and intelligence present in Santa Fe was absolutely amazing, encouraging, inspiring and simply beautiful.”
- Cecile Desire, Khroma Yoga, Boulder, CO

“The gathering was life changing. Welcome to a revolution.”
- Paul Tryba, THE FARM, Long Beach, CA

“Thanks and congratulations. I thought what you pulled together was amazing and was so pleased to be there.”
- Joan Briggs, Betsy and Jesse Fink Foundation, Norwalk, CT

“The cultural shift made possible by the work of Slow Money is critical to the success of efforts to change the system to support small and midsized farms.”
- Dorothy Suput, The Carrot Project, Somerville, MA

“I came to the Slow Money Alliance Gathering in Santa Fe full of hope that finally we could develop a working model of sustainable investing on a local and national level that would start to redirect the billions of dollars of invested funds that erode communities all over the USA and that we could finally start to build and nurture the soils of local communities that would enrich us all into the future. I left knowing that first steps have been made to fulfill this dream.”
- Wesley Roe, Permaculture Credit Union, Santa Barbara, CA

“The recent Slow Money conference in Santa Fe was the inauguration of a national movement of unprecedented magnitude, sending exactly the right message at the right time – creation of a sustainable world through the relocalization of economies, food and energy.”
- Chip Comins, American Renewable Energy Day, Aspen, CO

“The Slow Money conference was great!  I met people there interested in helping me by doing the most simple and pro-active thing a consumer can do to help a CSA farmer; Buy a share in my farm!”
- Melinda Bateman, Morning Star Farm, Taos, NM

Slow Money is the only real hope that sustainable agriculture has today. The importance of what Slow Money is doing will hopefully help save this planet. I know that sounds a bit over the top, but if we can’t finance small farm enterprises across the globe our food system will collapse and bring down with it our entire environment. I hope to play a role in helping change this both on my own farm and by participating in Slow Money‘s efforts regionally and nationally.”

- Dante Hesse, Milk Thistle Farm,  Ghent, NY

Stay tuned for more updates.

Meridian is a highly dynamic specialized insurance consulting group and broker  with offices in Boston, MA, Newport, RI and Brookfield, CT. We promote sustainable practices and are members of the Sustainable Business Network and Slow Money Alliance. Our Mission is simple.  We seek to help our clients make the best risk and risk transfer decisions possible.
We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives.

Forget Conventional 401(k)s; Think Goat Cheese and Fennel

Wednesday, September 23rd, 2009

The national convention of Slow Money Alliance last week drew 400 people to Santa Fe and caught the attention of the Wall Street Journal Sept 16th.

An excerpt notes “If all goes well, investors will see a modest 3% profit, maybe 6% over many years. But Mr. Tasch  the founder, has a broader balance sheet in mind. The real dividend, he says, is diversity: In an era of industrial agriculture, where millions of acres are planted with the same variety of corn and millions of pigs are bred to be genetically similar, small local farms are the ultimate hedge fund. They preserve heirloom seeds and quirky breeds; strengthen the soil with organic nutrients; create local markets that connect producer directly to consumer.”

For the full article see this link http://online.wsj.com/article/SB125305092106313571.html

We think it is a start and while it is not clear exactly where the alliance will go it is one to watch and to roll up sleeves and get involved if so inclined.

Meridian is a highly dynamic specialized insurance consulting group and broker  with offices in Boston, MA, Newport, RI and Brookfield, CT. We promote sustainable practices and are members of the Sustainable Business Network and Slow Money Alliance. Our Mission is simple.  We seek to help our clients make the best risk and risk transfer decisions possible.
We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives.

Energy Companies Slash Insurance Levels: WSJ

Thursday, September 17th, 2009

The Wall Street Journal noted on August 24th, that more energy companies are uninsured or underinsured as prices for coverage rise and as  infrastructure improves .

http://www.foxbusiness.com/story/markets/industries/energy/energy-companies-slash-insurance-levels-wsj/The focus of the article was primarily on offshore companies and their windstorm coverage decisions this year.

Brokers seemed to think these decisions are due to stiff rate increases while the energy companies attributed the changes to improved technology and more regulation reducing the likelihood of damage.

Particular approaches ranged from total wind self insurance to dropping cover on less valuable structures.

While we certainly have seen significant increases in offshore wind pricing post  Ivan, the risk transfer decisions made by these companies at this point are not just a factor of insurance product availability and pricing.  The 08-09 crash of prices and growth in inventories and its impact on company bottomlines in many cases threatened even company survival.   Those in the offshore world with the most stable contracts and utilization levels have weathered things well thus far thanks to the rebound that is occurring. By nature offshore exploration is more of a commitment in time and less vulnerable to the impacts felt in the land rig world.

In this context that companies are choosing to take on risk is not surprising. Tragically some of them may find themselves in a catastrophic loss at some point  for which they are totally unprepared.

Others may opt to go into captives or make some other arrangements as an alternative to traditional insurance products.

In many ways it is a tough loss for those of us who like to work with this industry to provide appropriate solutions.  But this takes  little creativity and unfortunately it’s not consistently present in the staid insurance industry.

We believe we can help with that.

Meridian is a highly dynamic specialized insurance consulting group and broker  with offices in Boston, MA, Newport, RI and Brookfield, CT.  We are a hard-driving group with an entrepreneurial spirit who will work tirelessly for clients. Our Mission is simple.  We seek to help our clients make the best risk and risk transfer decisions possible.
We bring market-leading service to the most creative solutions in the risk management field to ensure that each Meridian client achieves their risk objectives.

Piracy and Armed Robbery Against Ships July 2009 report

Friday, August 21st, 2009

Here is the latest International Maritime report on Piracy at sea. For those of you have read with interest the way in which this age-old problem has become newsworthy in 2009 I hope you will find it eye-opening.  The problem has not changed radically rather it ebbs and flows as it has for time immemorial. And for those of you who have gone to sea to work as I have you know that the problems are simply more visible when they involve an American flagged ship which was perhaps inevitable.  Please open the link to view it.

http://www.imo.org/includes/blastDataOnly.asp/data_id%3D25980/138.pdf

Tom Bryant is a partner in Meridian Consulting. His 35 year work career began in a farming community in Alberta and encompasses years in the onshore/offshore oilfield industry, penitentiary and parole supervision of violent offenders in the Correctional Service of Canada, and more recently risk management for corporate clientele primarily in the energy industry.

Meridian Consulting Group’s Risk Management Blog

Saturday, August 15th, 2009

Welcome to this brand new section of our new and improved website. Here we will begin to publish what we hope will be valuable information for our visitors as they navigate through the maze of all the risk management options  and providers out there on the Internet.

The content included here will include case studies, general information on risk management principles, insightful commentary on current political, judicial, legislative, and social events that could affect the risk environment in which our clients operate, along with links to relevant information regarding the current state of the risk management industry.