Monthly Archives: <span>January 2019</span>

The MEMIC Group Promotes Greco to Business Segment Leader in Northeast

Workers’ compensation specialist The MEMIC Group has promoted Dustin Greco to business segment leader to support the company’s continued growth of the small business market in the Northeast. Greco’s territory covers New York, Vermont, New Hampshire, Massachusetts, Connecticut and Rhode …

New Hampshire’s Optisure Risk Partners Hires Roy to Business Insurance Division

Optisure Risk Partners, a national insurance and risk management firm headquartered in Manchester, N.H., has hired Jackie Roy as an account executive in the business insurance division, providing professional and commercial insurance and risk management programs. [inline-ad-1]During the past 30 …

Insured Losses from Sydney Hailstorms Estimated at A$635M (US$457.5M): PERILS

Initial insured property losses for December’s hailstorms in Sydney are estimated at A$635 million (US$457.5 million), according to PERILS, the independent Zurich-based organization that provides industry-wide catastrophe insurance data. The hailstorms affected the greater Sydney region on Dec. 20, 2018, …

Pennsylvania’s Largest Workers’ Comp Insurer Files Plan to Correct Charges

Pennsylvania’s State Workers Insurance Fund (SWIF), the largest writer of workers’ comp insurance in Pennsylvania, has filed a plan to retroactively correct charges to employers for their workers’ compensation policies written between April 1, 2018, and December 31, 2018. The …

New Jersey’s Brooks Insurance Agency Hires McCluskey

Brooks Insurance Agency, a Manalapan, N.J.-based multi-line wholesaler, has hired Michael McCluskey as senior vice president and broker. McCluskey specializes in placing professional liability insurance for the financial services sector, including investment banks, M&A firms, security dealers, investment funds and …

Specialist Re/Insurance Broker THB’s Completes Leadership Transition for Europe Division

THB, the London-based specialist insurance and reinsurance broker, confirms the completion of its THB Europe leadership transition. Joaquim Caria retires today as managing director of THB Europe, which was first announced in July 2018, when the company revealed he would …

Pioneer Underwriters Creates Single Global Platform for Financial Institutions

Pioneer Underwriters announced it has unified its financial institutions (FI) businesses into one global underwriting operation. Richard Coello leads the global FI team which will be responsible for all FI business written by Pioneer, utilizing the same capital base to …

Judge Nixes $50 Million Yahoo Email Breach Settlement

A U.S. judge rejected Yahoo’s proposed settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history, faulting the Internet services provider for a lack of transparency. In a Monday …

Underwriting Platform elseco Agrees to Buy MGA, Selected Renewal Rights from StarStone

Specialty underwriting platform elseco has entered into an agreement with global specialty insurer StarStone to acquire its managing general agent, Malakite Underwriting Partners Ltd., and the renewal rights to StarStone’s Zurich-based airlines & products portfolio. Under a new strategic partnership …

AXA Real Estate Unit Confident About Its London Skyscraper, Despite Brexit Uncertainty

It was a tricky time for the commercial real estate business in London. Within days, Britons would be voting on whether to remain in the European Union or leave. The French insurance giant AXA SA was trying to figure out …