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

Carnegie-Brown to Become Chairman of Lloyd’s, Succeeding Nelson: Sources

Bruce Carnegie-Brown, former CEO of Marsh Europe and non-executive chairman of Aon UK, will shortly be named the new chairman of Lloyd’s, succeeding John Nelson who had announced in 2015 that he would retire this year at the age of …

Woodruff-Sawyer in California Names Cartwright Practice Leader

San Francisco, Calif.-based Woodruff-Sawyer & Co. has named Darren Cartwright claims auditing and consulting practice leader. Cartwright will be responsible for the direction of the claims group, which provides claims management and advice across the areas of property/casualty, management liability …

Allianz Posts Higher than Expected Q4 Profit; Plans $3.2B Share Buyback

Allianz, Europe’s largest insurer, proposed spending 3 billion euros ($3.2 billion) on buying back its own shares on Thursday after the Munich-based firm posted higher than expected profits and said it was adjusting its policy on budgeting for possible takeovers. …

Argo Pro, BlueChip Underwriting Services Launch Transactional Risk Program

Argo Pro, a member of Argo Group International Holdings, Ltd., has partnered with BlueChip Underwriting Services LLC to provide transactional risk insurance to facilitate mergers and acquisitions. BlueChip will sell and underwrite this suite of products, including Representation & Warranties, …

Lockton Promotes Ruback to Sr. VP in Chicago

Insurance broker Lockton has named Amanda Ruback to the newly created position of senior vice president and major client strategist in the firm’s Chicago operation. In her new role, Ruback assists in strategy development and solutions for the needs and …

New West Virginia Town Files Suit Against Drug Wholesalers Over Opioid Abuse

A southern West Virginia town has joined other communities in seeking to recoup the costs of dealing with opioid abuse. The Charleston Gazette-Mail reports the McDowell County town of Welch filed a lawsuit Monday against several out-of-state drug distributors. The …

Patient Complaints Can Identify Surgeons Who Are Higher Claims Risks

Recording and analyzing patient and family reports about rude and disrespectful behavior can identify surgeons with higher rates of surgical site infections and other avoidable adverse outcomes, according to a study led by Vanderbilt University Medical Center (VUMC) investigators in …

NEBCO Insurance Services Expands into Florida, Opens First Office in Naples

NEBCO Insurance Services has opened an office in Naples, Fla. The Greenwich, Conn.-based independent insurance agency provides asset and lifestyle protection for high-net-worth individuals nationwide. The recently opened office in Naples is the firm’s first expansion outside the Greenwich area. …

Florida-Based Main Street America Appoints Bastian as National Account Executive

The Main Street America Group, a super-regional property/casualty insurance company, has announced the appointment of Anne Bastian to national account executive, a newly established role within the company’s field operations division. In this capacity, Bastian, who has served as a …

Former Alabama Scrap Metal Executive Accused of Embezzling $11.2M

A former executive for a Birmingham-area scrap metal brokerage company has been accused of embezzling $11.2 million from the company and using the funds to live a lavish lifestyle. Acting U.S. Attorney Robert O. Posey said in a news release …