People and Places
Momentous hires new senior VP: Stephen J. Gambale has joined Momentous Insurance Brokerage as senior vice president of the company. Gambale has been apart of the insurance industry since 1985 and held senior leadership positions with other insurance agencies.
Promotion at Neace Lukens: Tim Devine has been promoted to northern region leader by Neace Lukens. Devine will be responsible for overseeing the growth and expansion of Neace Lukens' Cincinnati, Cleveland, Columbus and Dayton, Ohio, northern Kentucky, Southfield, Mich., and Indianapolis offices.
IFNY elects new president: Nick Pearson was named president of the Insurance Federation of New York's board of directors. It was Pearson's service to the company that led to a unanimous vote.
Robert G. Purdy joins AIC: AIC Holdings announced that Robert G. Purdy will take on the position of president and CEO of AIC Underwriters. He will be responsible for leading underwriting, marketing and operations strategies and the specialty market for temporary staffing.
Lockton broadens healthcare practice: The largest privately held insurance broker in the world has brought in a team of risk management and insurance professionals. Lockton's newly formed team will work with hospital, long-term care anf managed executives on professional liability. Kevin Junod will lead the Philadelphia team as the executive vice president.
Mergers and Acquisitions
Vertafore acquires Kaplan: Sircon, a wholly owned subsidiary of Vertafore, has agreed to acquire the assets of Kaplan Compliance Solutions. The acquisition is expected to close at the end of the 3rd quarter or early 4th quarter 2011 and will provide a more comprehensive producer insurance licensing and securities registration compliance offering in the industry.
New Policies
Markel launches new program: Markel now offers an admitted miscellaneous professional liability program for small businesses. Built around a claims-made policy form, this program provides flexibility to customize coverage to meet client needs. Pricing is a key feature to this program with minimum premiums as low as $750 for a $1million limit.
Willis develops new policy: A new insurance program has been developed to cover business interruption costs for companies that could be shut down due to nuclear plant safety being compromised and an exclusion zone is implemented by Willis Group Holdings. The cover was created in response to the earthquake and tsunami that struck Japan and caused a meltdown at the Fukushima nuclear power plant.
Glatfelter forms new program: Glatfelter Insurance Group has introduced Glatfelter Program Managers (GPM), a strategic business unit dedicated to the company's program business. The program will manage and market the company's various specialty programs that include VFIS for fire departments, ambulance and resuce squads and 911 centers. Art Seifert joins the company as president of GPM.
News
Conference offer sessions on technology: Sessions on technology will be offered to large insurance agencies and brokerages who use Applied Systems solutions at next month's technology, education, and networking conference. Hosted by the Applied Systems Client Network, the conference will be held in Orlando, Fla., and sessions will cover concepts for Microsoft Exchange servers and how to integrate third-party products with TAM, Epic, and Vision.
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