Naxos Avondale Specialty Casualty Inc., an underwriting management company focused on the specialty casualty excess and surplus lines markets, has officially launched operations and begun accepting business. The creation of Naxos Avondale was announced in August 2009 as a joint …
Marsh’s London office announced that it has launched a new errors and omissions (E&O) insurance product for the suppliers of lottery and gaming (gambling) organizations. The new product, created by Marsh’s Financial and Professional (FINPRO) Practice in London, is available …
Aon UK announced that it has made six new appointments to its aviation team. “The move is part of Aon’s recruitment drive to bring in fresh thinking and further rejuvenate the strength of its service offering to clients,” said the …
Programs and environmental insurance veteran David Blum announced the opening of D.S. Blum Inc., a wholesale insurance brokerage headquartered in suburban Chicago. The brokerage will focus on assisting small and mid-size retail agencies in placing contract bonding, insurance programs and …
The Chartis Group has formed a marketing alliance between its Global Marine and Energy Division and PowerGuard Specialty Insurance Services. Chartis said the alliance will leverage Global Marine and Energy’s renewable energy underwriting, loss control and claims experience for property, …
Rob May and Michael Williamson have joined London American Risk Specialists Inc. in its Houston office. May joined London American Risk Specialists as vice president of Transportation. His responsibilities include underwriting and brokering transportation business as well as managing the …
Torus Specialty, the U.S. subsidiary of global specialty insurer, Torus, announced that it can now write $10 million in capacity for umbrella and excess liability placements. Further capacity increases are expected in the coming months. Torus also announced that the …
The Hartford Steam Boiler Inspection and Insurance Co. says it’s the first carrier to enable independent agents and brokers to quote monoline equipment breakdown policies directly from their Vertafore agency management systems. Hartford Steam Boiler said the change will speed …
In December, 2008, Kevin Kelley left Lexington Insurance Co., the largest excess and surplus lines insurance company, after more than 30 years during which he helped the company become one of parent American International Group’s (AIG), and the industry’s, most …
The Philippines, already devastated by deadly floods from two recent tropical cyclones, is bracing for yet a third storm, as typhoon Lupit approaches the island chain. The most recent bulletin from catastrophe modeler Risk Management Solutions warns that Lupit “has …
