Trident Marine Managers has entered a new delegated authority underwriting agreement with Nationwide E&S, to offer recreational marine and marine equipment insurance solutions, as well as workers’ compensation. Trident is a managing general underwriter subsidiary of RSG Underwriting Managers (RSGUM), which specializes in marine insurance. Under the partnership, Trident’s Nationwide E&S recreational marine and marine…
Million Women Mentors’ Women in Insurance Initiative (MWM WII) has announced that Dr. Leroy David Nunery II (pictured) has joined the organization as a senior advisor for diversity, equity, and inclusion (DE&I). In this role, Nunery will help the organization work toward more inclusion for all within the insurance industry. Nunery, a long-time leader in…
Arjun Ramdas is making the switch from Microsoft, where he served as the tech giant’s practice leader for consulting services in the UK, to join Charles Taylor on September 02 in his capacity as chief executive of Charles Taylor InsureTech. “I am excited to lead a team that combines Charles Taylor’s insurance heritage with a…
Lloyd’s of London broker Costero Brokers Ltd., investors of which include US firm Heffernan Insurance Brokers, has acquired Prospect Insurance Brokers for an undisclosed sum. “It is fantastic to see Costero Brokers expanding with the purchase/merger of Prospect, to be part of the new initiatives going forward, and to be working collaboratively to create innovative…
“Business as usual” is what the National Council on Compensation Insurance (NCCI) has promised as it navigates through COVID-19 challenges to complete its workers’ compensation rate filing season for 2021. The organization, which gathers workers’ compensation data, analyzes industry trends, and provides objective insurance rate and loss cost recommendations in 38 states, intends to “make…
By Tasha Williams, Senior Research Writer and Max Dorfman, Research Writer Women contribute more earnings to their households and feel more confident about personal finance than prior generations. However, they still face hurdles to taking charge of planning for their financial future and legacy. Findings from a new report, Lack of Knowledge and Confidence Deter Women from Purchasing Life Insurance, produced…
Cybersecurity insurance company Elpha Secure and Sterling New Age Cyber have partnered to launch ES-1000, an all-inclusive, complimentary cybersecurity package. A business would generally spend in excess of $300 per user annually for the protections offered by ES-1000, said Geraldine DelPrete, president of programs for SterlingRisk. “From the moment a policy is bound, Elpha Secure…
It’s the turn of Berkshire Hathaway Specialty Insurance (BHSI) parent firm Berkshire Hathaway Inc. to reveal its interim financial results – and it’s a half-full/half-empty scenario, depending on what period you’re looking at. In the second quarter of 2020, the multinational conglomerate enjoyed $26.30 billion in net earnings attributable to Berkshire shareholders – a major…
As the COVID-19 pandemic amplifies the acceleration of digital business models, Lloyd’s has expressed concern that intangible assets might become a major blind spot for businesses not factoring them into their risk models. Lloyd’s latest report, released in collaboration with KPMG, urges businesses to focus on the new risk landscape that has developed amid the…
A bill pending before the House Financial Services Committee – H.R. 4523, Non-profit Property Protection Act – is proposing to allow well-established risk retention groups (RRGs) to expand their offering beyond liability risks to meet their members’ property and auto physical damage insurance needs. The bill seeks to amend the Liability Risk Retention Act (LRRA)…