People and Places
Lunt joins Admiral Insurance as vice president of professional liability: Admiral Insurance Co. has named Jeffrey Lunt vice president of professional liability for home office product management. Based in Cherry Hill, N.J., Admiral Insurance markets and underwrites specialty insurance products and programs to a variety of niche markets through its regional offices located across the U.S.
CIAB appoints Bailey to board of directors: James L. Bailey, president, Pritchard & Jerden, has been appointed to the board of directors of the Council of Insurance Agents & Brokers.
Brown joins Lockton as producer: Lockton Cos. has expanded its St. Louis office with the addition of Ryan W. Brown as producer. Brown comes to Lockton from Peabody Energy, where he served as director of insurance and enterprise risk management. In 2006, Brown was named to Business Insurance's Risk Management Honor Roll.
Holt joins Data Risk as vice president: Data Risk LLC has hired Rob Holt as its new vice president and account executive/producer. He will be actively involved in both business development and marketing in his new role. Holt has more than 13 years of experience in the insurance and risk management industry. He comes to Data Risk from Willis of New Hampshire, where he served as vice president, director of marketing for the insurance programs division.
Hollister joins OSC as senior sales executive: Lee-Ann Hollister joined the Overby-Seawell Co. (OSC) as a key member of the executive sales team in the company's nationwide expansion as senior sales executive. Hollister joins OSC from Life of the South/Fortegra Financial, where she was regional vice president and played a key role in expanding the company's customer base, especially its growth in Midwestern markets.
Gregory joins Markel Specialty as business development specialist: Markel Specialty has named James Gregory as business development specialist to support retail agencies in the Northeast. Gregory will team with existing Markel producers and develop new agency partnerships in Connecticut, Delaware, Maine, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island and Vermont.
Henderson joins Health Plan One as CFO: Health Plan One LLC, a leader in the online health insurance industry has appointed David M. Henderson to the Health Plan One Management team as CFO. Prior to joining Health Plan One, Henderson was previously vice president of Finance and Corporate Development at Open Solutions, which focuses on the financial services marketplace.
Read on for Mergers & Acquisitions and New Policies!
Mergers & Acquisitions
Marsh & McLennan acquires HRB: Marsh & McLennan Agency LLC (MMA) has acquired Hampton Roads Bonding (HRB), a premier surety bonding agency for commercial, road, utility, maritime and governmental contractors in Virginia. HRB will operate within Rutherfoord, an MMA company, expanding Rutherfoord's construction capabilities in the mid-Atlantic region. The transaction is the second complementary acquisition for Rutherfoord. HRB is the ninth acquisition for MMA since November 2009 when it began building out its national platform primarily to serve the property and casualty and employee benefits needs of the middle market.
GreenWood International partners with Cook & Co.: GreenWood International Insurance Services Inc. has partnered with Cook & Co., Marshfield, Mass. to provide exclusive claim and distribution support for police and fire injured on duty policies within the Massachusetts and Rhode Island municipal markets. GWI decided to form this exclusive relationship on the principle that Cook & Co. provides claims adjudication expertise within this specialist market.
New policies
Zurich offers PPP consultation services: Zurich introduces an integrated project lifecycle solution for Public- Private Partnership (PPP) projects with its North America Commercial's construction business. Zurich's PPP integrated solutions spans the large project lifecycle by offering strategic consultation services such as: conceptual planning and feasibility studies; contractual review and recommendations; supply chain analysis and coverage; contractor/subcontractor qualification parameters; quality assurance/quality control and crisis management.
GCube Underwriting expands solar property coverage: GCube Underwriting Ltd. has expanded its solar property coverage from $300 million USD to $500 million USD for any single solar project or phase. GCube's property coverage for solar projects includes transit, construction, operational all risks, mechanical and electrical breakdown, delay in start up, advance loss of profits and business interruption, including tax credit and other financial incentives.
RLI Corp. launches new property treaty group: RLI Corp. has created a new property treaty group within its RLI Re Division to expand its capabilities in the reinsurance marketplace. The new group will offer customized assumed property reinsurance solutions to a select group of regional and super regional insurance companies. The group is based in Stamford, Conn. and will be led by George Dragonetti. Dragonetti joins RLI with 20 years of experience in the treaty reinsurance industry as both an underwriter and broker.
WKF&C and ICW partner to offer earthquake insurance: WKF&C and ICW announce a new strategic partnership. WKF&C will offer earthquake insurance on a mono-line basis for select commercial business. The new program is available in all 50 states on admitted paper, with a minimum premium of $2,500. Earthquake coverage will automatically be offered to select WKF&C clients at renewal (based on risk acceptability), and will be available for new business accounts. The relationship is intended to complement the broker's existing relationship with ICW.
News
BMS Group opens office in Philadelphia: BMS Group has opened a new office in Philadelphia, which will be led by John Faustman. The new office will focus primarily on providing P&C treaty reinsurance for regional and super regional insurance companies. Faustman joined BMS in October 2010 after 19 years with Guy Carpenter as team leader and a managing director of the Philadelphia operation.
McGowan Cos. rebrand main insurance operations: The McGowan Cos. Inc. has rebranded its core insurance operations. McGowan and Co. Inc. has been renamed McGowan Program Administrators. Statehouse Casualty Managers Inc. and The Windward Group Inc. have merged to form McGowan Excess & Casualty. The company's rebranding campaign is designed to eliminate any confusion in the marketplace and to make it easier for brokers to access all McGowan product offerings.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.