financial lines News

Chubb CEO Greenberg: Some Financial Lines Underwriting Practices ‘Simply Dumb’

According to Chubb CEO Evan G. Greenberg, the insurance industry’s underwriting practices for a number of financial lines are “simply dumb.” In a call with analysts to discuss Chubb’s earnings for the first quarter, Greenberg said rates for financial lines …

QBE Names 4 From Berkshire Hathaway to Financial Lines Team

QBE North America announced the appointment of four senior industry veterans to leadership positions within its Financial Lines business. Joining QBE are: Danielle Librizzi as head of Professional Liability Thomas Kocaj as head of Management Liability Michael McGuinness as senior …

BMS Names Madell as Director in New Financial Lines Division

BMS Group, the independent specialist re/insurance broker, announced the appointment of Chris Madell as director in BMS’ new Financial Lines division, effective immediately. Madell will be based in London, reporting to Ian Gormley, managing director of the BMS Global Risks …

AGCS Appoints Williams as Global Head of Financial Lines, Replacing Poncin

Allianz Global Corporate & Specialty SE (AGCS), the corporate insurance unit of Allianz Group, has appointed Shanil Williams as global head of Financial Lines, effective Nov. 15, 2019. He succeeds Bernard Poncin, who will leave AGCS to pursue other opportunities …

Liberty Specialty Markets Promotes Silvestre to Deputy Manager for France

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Emmanuel Silvestre to deputy general manager of its French operation. He reports to Richard Deguettes, general manager for France. Based in Paris, Silvestre will retain his position as …

Chubb Bermuda Names Porter Head of Financial Lines

Chubb Bermuda has named Richard Porter as senior vice president, head of Financial Lines. In this role, Porter is responsible for leading Chubb Bermuda’s Financial Lines division, which includes directors and officers liability, cyber, transactional risk, errors and omissions, and …

Chubb Taps Edey from Amtrust as Head of Management Liability, UK & Ireland

Chubb announced the appointment of Janet Edey as head of Management Liability for the UK and Ireland. In this role, Edey will have responsibility for leading and overseeing the development and execution of Chubb’s management liability strategy. Management liability includes …

AGCS Taps AIG’s Davì-Greer as Regional Head of Financial Lines

Allianz Global Corporate & Specialty (AGCS) has appointed Stefania Davì-Greer to head of Financial Lines for Regional Unit London (RUL). Based in London, Davì-Greer will join in October with responsibility for the strategic direction and management of AGCS’ financial lines …

Barbican Names McGurk from Standard’s Syndicate 1884 as D&O Class Underwriter

Barbican Insurance Group announced the appointment of Sarah McGurk as class underwriter for directors’ & officers’ liability insurance. Working as part of the financial lines division, she will report to Hans Sherman, underwriting manager D&O. McGurk has extensive experience in …

Chubb Global Markets Appoints Hiscox’s Rowley as Senior Underwriter Financial Lines

Chubb announced the appointment of Benjamin Rowley as senior underwriter Financial Lines, Chubb Global Markets. Rowley is a medical malpractice specialist with a broad knowledge of errors and omissions and will be responsible for growing and managing this specialized area …