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

Appalachian Underwriters Adds 4 to Missouri Workers’ Comp Unit

Appalachian Underwriters Inc. (AUI) has hired four workers’ compensation underwriting professionals in its St. Peters, Missouri, office. Tara Regan-Collins, senior underwriter, is a seasoned insurance professional, previously working with another national managing general agent (MGA) where she was senior underwriter. …

Houston’s Risko Strategies Unveils Scholarship Insurance for Student Athletes

Risko Strategies LLC, a Houston-based boutique risk advisory/insurance agency, has introduced Sportify, a contingency insurance policy for elite high school and college student-athletes, underwritten at Lloyd’s of London. The company said the product protects the athletic scholarship offers should a …

Former Top AIG Executive Sankaran Joins Health Insurtech Oscar as CFO

Technology-driven health plan Oscar has named former American International Group executive Sid Sankaran as its new chief financial officer. Sankaran, who will join Oscar on March 1, was named chief financial officer at AIG in December 2015 in an executive …

Chubb Took $500M Hit from Catastrophes in Q4 But Saw Better Pricing, Investments

In 2018 fourth quarter, global insurer Chubb saw a surge in catastrophe losses, along with growth in premium revenue, better global property/casualty pricing and record net investment income. The insurer booked $355 million in net income compared to more than …

Generali Global Assistance Acquires Travel Insurance Agency Trip Mate from A.J. Gallagher

Generali Global Assistance said it has acquired Trip Mate from Arthur J. Gallagher. Details were not disclosed. Trip Mate is incorporated in Kansas and domiciled in the state of Missouri. It is licensed in all states. Its plans are underwritten …

Ex-CEO of QBE N. America Duclos Named Non-Exec Chairman of Lloyd’s Global Network

Lloyd’s has appointed David Duclos as non-executive chairman of Lloyd’s Global Network, where he will play a key advisory role in the development of Lloyd’s international network. Duclos will take up the position at Lloyd’s immediately. He has had extensive …

What do you mean, I have to cover YOUR property?

The Academy Journal is pleased to present the following article by our friend, Craig Andrews. As questions come to me from property-casualty practitioners all over the country, one situation in particular seems to popping up more frequently. It can be …

Sirius Group Appoints Oberting as CEO, Salamone as CFO

Sirius International Insurance Group, Ltd., the Bermuda-based multi-line insurance and reinsurance group, announced its board of directors has elected Kernan (Kip) V. Oberting to succeed Allan L. Waters as chief executive officer of Sirius Group. Oberting will be succeeded as …

Audit of Burst Brazil Tailings Dam Raised Concerns over Drainage, Monitoring

A report commissioned by Brazilian miner Vale SA last year, to look into the stability of a tailings dam that ruptured on Jan. 25, certified it as sound but raised concerns over its drainage and monitoring systems. The report by …

Vermont Lawmakers Seek to Eliminate Insurance Pre-Authorization

Vermont legislators are seeking to ban insurance companies or Medicaid from requiring pre-authorization before approving medication-assisted treatment. Democratic Rep. Ann Pugh tells The Times Argus she wants to remove any barriers between someone with a substance use disorder and treatment. …