People & Places
Zurich North America appointed Tom Fioretti chief risk engineering officer. He will oversee development and delivery of risk engineering management and loss prevention services. Fioretti joined Zurich in 2008 after a 20 year career with AIG.
Nick Trent was hired by Integro to fill the role of principal in its property practice. He brings more than 23 years of experience in the global property insurance industry and comes from Marsh & McLennan, where he was recently senior vice president and team leader of its property and international practice.
Lockton expanded its loss control team with the addition of Kevin Hoffman as senior loss control consultant in its St. Louis office. Hoffman has more than 15 years of experience managing hospital safety programs and will focus on providing strategic direction and advice to large healthcare organizations
Paul Calnan has been named senior vice president global offshore energy for Ironshore. He will be responsible for underwriting first party offshore energy risk such as offshore platforms, mobile drilling rigs and exploration.
Willis North America appointed Jeremy Sykes and Francesca Sykes as client advocates of its Marine Practice. They will oversee business development within the practice and will also work to expand Willis' footprint in the Virginia marketplace.
Mergers & Acquisitions
ACORD and DISA consolidated under the ACORD banner. The merger will benefit both organizations by allowing them to support all insurance standards including healthcare and introducing new industry sectors to ACORD. The DISA agreement follows in ACORD's tradition of expansion through merger and build on DISA's support of the Accredited Standards Committee that develops and maintains cross-industry e-commerce standards.
New Programs
Zurich teamed up with Affinity Group Underwriters (AGU) on a new bicycle accident insurance policy. AGU's insurance pays lump-sum cash benefits for bicyclists who may suffer injury or death following a cycling accident as long as the rider was wearing a helmet. Coverage details include:
- Availability in 26 states
- Limits from $50,000 to $250,000 for critical injuries
- $100 per day for a maximum of 60 days for accidents that require hospital stays longer than 24 hours.
Philadelphia Insurance Cos. now offers coverage designed to protect Fuel Dealers. Eligible businesses include liquid propane, home heating fuel, bulk oil sales and wholesale fuel dealers. Coverages include:
- Pollution
- Auto
- Terminal access card protection
- Liquor liability
- E&S coverage for hard to place exposures.
The product offers higher sub-limits for many typical coverages unique to these businesses such as $50,000 for surface water contamination of gas and pollution from above ground storage tanks or erroneous delivery.
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