Monthly Archives: <span>June 2020</span>

Arch Insurance International Appoints Leadership Team for Syndicate 1955

Arch Insurance International, part of Arch Capital Group Ltd., has today announced the appointment of Simon Williams to the position of active underwriter, Syndicate 1955. He will be supported by David Slade as deputy active underwriter, who has held the …

Zaffino, AIG’s No. 2, Fights to Turn Around the House That Hank Greenberg Built

American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a rare sit-down interview. “I needed to see things …

German Insurer Allianz Seeks Asset Management License from China Regulators

Allianz is in talks with Chinese regulators for a license as the German insurer looks to eventually offer broad asset management services in the world’s second-largest economy. Discussions for a license to manage its own assets in China are at …

Storm Kills Three, Rips Roof Off Apartment Building in Pennsylvania

A brief but severe storm killed three people in southeastern Pennsylvania and ripped the roof off a seven-story apartment building, authorities said. Montgomery County officials said the three fatalities occurred in separate incidents during Wednesday’s noontime storm, two in Lower …

Massachusetts’ Veruna Hires Johnson as Head of Product

Veruna, a Hopkinton, Mass.-based developer of an insurance industry agency management system (AMS) built on the Salesforce platform, has hired Mark Johnson as its new head of product. Johnson brings more than 20 years of experience building and leading teams …

Insurance Survey: Industry’s Pandemic Response, Readiness for Travel, Changes Ahead

No matter where you work in the property/casualty insurance industry, your experience is important. How is the coronavirus pandemic affecting you now? Going forward? What do you expect to change? When will you be ready to travel? How do you …

Police Say Man in New Hampshire Arson Case Paddled Canoe with Items for Fire

A man has been held without bail on a charge of setting fire to a New Hampshire middle school, and police believe he paddled a canoe from Maine with a propane tank and a bucket of flammable liquid, authorities said. …

Argo Group to Pay $900,000 to SEC for Failing to Fully Disclose CEO Perks

Argo Group International Holdings will pay $900,000 to the Securities and Exchange Commission for failing to fully disclose perks and benefits provided to its former chief executive officer. In proxy statements filed from 2014 through 2018, Argo failed to disclose …

Does Invoking the ‘Insurrection Act of 1807’ Affect Property Coverage?

Rocks being thrown by President Trump are causing major ripples in the insurance pond. His declaration that Antifa would be labeled a terrorist organization raised questions regarding whether coverage would be excluded, limited, or provided by the various terrorism endorsements. …

Insurtech MGA Hippo to Buy Its Carrier Partner Spinnaker Insurance

Home insurance insurtech agency Hippo plans to acquire New Jersey-based Spinnaker Insurance Co., an insurer with which it has has had a three-year partnership. The deal, first reported by Carrier Management, is designed to help Hippo – a managing general …