Monthly Archives: <span>February 2017</span>

Student Allowed Back at New Hampshire Prep School after Sex Case

A judge has allowed a student to return to a New Hampshire prep school, months after his mother alleged the school wrongfully expelled him after he had sex with another student. Both sides reached an agreement signed by a federal …

Starr’s Pittinger Joins ANV Global Services as Underwriting Director

ANV Global Services Inc., the North American managing general underwriter (MGU) owned by AmTrust Financial Services Inc., has appointed James Pittinger to the role of underwriting director. Responsible for the North American MGU business which focuses on management liability and …

AIG to Sell Vermont’s Stowe Mountain Ski Operations After Seven Decades

American International Group Inc., the insurer that’s been divesting assets to narrow its focus, agreed to sell ski operations at Vermont’s Stowe Mountain to Vail Resorts Inc. AIG will retain majority ownership of the base area, which includes a 312-room …

Willis Towers Watson Plans to Acquire French Aviation Broker, OAAGC

Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d’Assurances Aériennes G. de Cugnac) was founded in 1898 and its team of 16 is …

All Risks Acquires American Management Advisors in Pennsylvania

All Risks Ltd., an independent wholesaler based in Hunt Valley, Md., has announced the acquisition of American Management Advisors Inc. (AMA) located in Pennsylvania. Terms of the transaction were not disclosed. Following the acquisition, Janet Smith-Hogeland, President of American Management …

How Technology Is Changing Workers’ Compensation

New technologies are improving workers’ compensation programs in everything from communications and training to health care delivery and claims, according to experts. Tom Ryan, market research leader for Marsh’s Workers Compensation Center of Excellence, speaking during a recent Marsh broadcast, …

Allianz Officially Launches Its Moroccan Subsidiary

The Allianz Group has officially launched its Moroccan subsidiary, Allianz Maroc, which has has been a part of the Allianz Group since Nov. 3, 2016, following the acquisition of 98.9 percent of Zurich Assurances Maroc. After obtaining the relevant regulatory …

Insured Losses from New South Wales’ Bushfires & Hailstorms Pass US$53.7M

Combined losses from the two New South Wales catastrophes of bushfires and hailstorms, have passed A$70 million (US$53.7 million), according to the Insurance Council of Australia (ICA). As of Feb. 20, insured losses for the NSW bushfires had reached A$28.5 …

Ironshore International Hikes Capacity to $400M for Terrorism & Sabotage Cover

Ironshore International has increased capacity for Terrorism & Sabotage programs to US$400 million, an increase from the current U$375 million limit, effective immediately. Ironshore’s Terrorism & Sabotage cover provides insurance protection for clients against damage to commercial and residential property, …

AXIS Insurance Taps Beazley’s Brown to Lead London Market MGA Growth

AXIS Capital Holdings Ltd. announced that Julian Brown has joined AXIS Insurance as vice president and underwriter, responsible for leading growth initiatives and product development for the company’s London market managing general agency (MGA) unit. Brown will work alongside Paul …