PEOPLE & PLACES
Arik Rashkes, of Houlihan Lokey, was hired as managing director of the firm's Financial Institutions Group overseeing the insurance sector. He also brought along Juan Guzman as senior vice president of FIG from his former post at Blackstone.
Homeowners Choice Property & Casualty Insurance Co. President Scott Wallace is planning to retire after 37 years within the insurance industry. Paresh Patel, current CEO and chairman of HCI, will take over for Wallace.
ACE Group appointed David Fedarb to the newly created position of head of travel insurance for Eurasia and Africa. The two regions represent ACE's forecast that the Middle East and Africa will become dominant airline hubs in the near future.
NEW PROGRAMS
The Navigators Group announced Tuesday that its underwriting company, Navigators Underwriting Agency Ltd., has created an international casualty division. Leading the division is Wayne Harrington, who has an 18-year background in environmental and liability solutions.
Enterprise Insurance, a branch of Enterprise Holdings, has started doing business in Ireland with the help of Wrightway Underwriting Ltd., the largest underwriting agency in the country.
NEWS
Zurich will enhance its cyber security coverage by implementing new bring-your-own-device policies, adding an extra level of IT expertise within its risk engineering team and expanding security and privacy coverage to include businesses that operate internationally.
California's Supreme Court will hear arguments next month in regards to a workers' comp case where a man overdosed on his prescribed medication. After the family filed for workers' comp death benefits, the courts ruled the death noncompensable.
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