Chubb announced today leadership appointments for North America Commercial Insurance, the company’s $5.8 billion retail commercial property and casualty (P&C) insurance division that serves middle market and small businesses through 48 offices in the United States and Canada. Ben Rockwell, currently Executive Vice President and Chief Underwriting Officer of North America Commercial Insurance, has been… Continue reading Chubb Announces Leadership Appointments for its North America Commercial Insurance Division
Tag: P&C insurance
Kevin H. Kelley to Retire from Liberty Mutual Insurance
Liberty Mutual Insurance today announced that Kevin H. Kelley, Vice Chairman, Global Risk Solutions, will retire at the end of this year. In 2017, Kelley joined Liberty Mutual following the company’s acquisition of Ironshore Inc., where he was Chief Executive Officer. Under his leadership, Kelley led the company from its start-up beginnings into a global… Continue reading Kevin H. Kelley to Retire from Liberty Mutual Insurance
Next Insurance Hires Former Fitbit and Yelp Executives
Next Insurance, the leading digital insurtech company transforming small business insurance, today announced the appointment of former Fitbit executive Melanie Chase as Chief Marketing Officer and former Yelp executive Effi Fuks Leichtag as Chief Product Officer. Next Insurance provides digital small business insurance coverage across the US and is upending the traditional industry model by… Continue reading Next Insurance Hires Former Fitbit and Yelp Executives
Hiscox to Cease Writing Casualty Reinsurance
Global specialist re/insurer Hiscox has announced its intention to cease writing casualty reinsurance business, due to “ongoing, challenging market conditions.” Concerns over issues such as pricing and reserving mean that the company no longer considers this business to be sustainable. Instead, its reinsurance division, Hiscox Re & ILS, will continue to focus on other specialty… Continue reading Hiscox to Cease Writing Casualty Reinsurance
U.S. P/C Insurers Replace Higher Cost Debt with Lower Cost Alternatives: AM Best
U.S. property/casualty (P/C) insurance and reinsurance companies are using low interest rates to extend their debt maturity profiles and replace higher cost debt with often significantly lower cost alternatives, according to an AM Best report. A new Best’s Special Report, titled, “Property/Casualty Companies Replace Higher Cost Debt With Lower Cost Alternatives,” states that P/C (re)insurers… Continue reading U.S. P/C Insurers Replace Higher Cost Debt with Lower Cost Alternatives: AM Best
Aon Posts Organic Growth of 5% for Q3
Aon plc today reported results for the three months ended September 30, 2019. Net income from continuing operations attributable to Aon shareholders was $223 million, or $0.93 per share, compared to $149 million, or $0.61 per share, in the prior year period. Net income per share from continuing operations attributable to Aon shareholders, adjusted for… Continue reading Aon Posts Organic Growth of 5% for Q3
Newfront Insurance Announces New Chief Operating Officer Michael Brown
Newfront Insurance, a full-service retail brokerage, announces that effective immediately Michael Brown has joined as its chief operating officer. “I’m thrilled to welcome Mike to the Newfront team as our COO,” said Spike Lipkin, CEO and co-founder of Newfront. “As a seasoned and widely respected leader, he brings a tremendous wealth of experience to help… Continue reading Newfront Insurance Announces New Chief Operating Officer Michael Brown
Lockton to Provide Insurance Solutions for Vizient Members
Lockton Companies announces it has signed a contract with Vizient Insurance Services, LLC, a subsidiary of Vizient, Inc., to offer property and casualty (P&C) insurance products and related insurance services for Vizient members. Vizient is the largest member-driven health care performance improvement company in the country. The new contract became effective July 1. Under the… Continue reading Lockton to Provide Insurance Solutions for Vizient Members
Mercury Insurance Ends Fight with California for Record $41M
Mercury Insurance Co. is ending its two-decade battle with California regulators over extra fees charged to customers by agreeing to pay the state more than $41 million, officials said Wednesday. California Insurance Commissioner Ricardo Lara said it’s the largest property and casualty penalty and interest payment in the history of the state Insurance Department. The… Continue reading Mercury Insurance Ends Fight with California for Record $41M
Willis Towers Watson Appoints Nancy Woode Head of Property Broking, North America
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the appointment of Nancy Woode as head of Property Broking in North America. In this role Woode will lead the company’s North America Property Insurance Risk Management business, which delivers tailored, analytically-driven property solutions for clients, regardless of geography. Based in Atlanta,… Continue reading Willis Towers Watson Appoints Nancy Woode Head of Property Broking, North America