PMA Companies Names Kara Thompson as Vice President & Chief Segment Officer, Specialty Markets Underwriting

PMA Companies has named Kara Thompson as Vice President and Chief Segment Officer, Specialty Markets Underwriting. As segment leader, Ms. Thompson is responsible for growing PMA’s captive, program and group business. She reports to Drew Jones, Executive Vice President, Insurance Segments and is based in PMA Companies’ Blue Bell Office. “Kara is an outstanding insurance… Continue reading PMA Companies Names Kara Thompson as Vice President & Chief Segment Officer, Specialty Markets Underwriting

Specialty Insurers’ Exposures to PG&E Bankruptcy Are Within Risk Appetites

Natural disasters and homeowners insurance

Specialty companies specifically operating in the utility sector are likely to face substantial claims and losses stemming from the bankruptcy filing by PG&E Corporation, the California utility whose equipment is being investigated as having a potential role in the recent deadly wildfires, according to a new AM Best briefing. The Best’s Briefing, titled, “Specialty Insurers’… Continue reading Specialty Insurers’ Exposures to PG&E Bankruptcy Are Within Risk Appetites

Liberty Specialty Markets to Redomicile Its UK Insurance Company to Luxembourg

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance, has announced that it intends to redomicile its insurance company from the UK to Luxembourg, while maintaining its substantial London presence. The decision was taken in preference to setting up a separate insurance company. LSM has also today announced the appointment of Eric Daout as the… Continue reading Liberty Specialty Markets to Redomicile Its UK Insurance Company to Luxembourg

Ironshore Bermuda Rebrands and Integrates with Liberty Specialty Markets

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is to integrate its Ironshore Bermuda businesses and brands into a single business branded as: Liberty Specialty Markets Bermuda. The new business will be led by Steve Horton, currently chief executive of Iron-Starr Excess Agency. He becomes President of Liberty Specialty Markets Bermuda (subject to… Continue reading Ironshore Bermuda Rebrands and Integrates with Liberty Specialty Markets