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Chubb adds to marine team

Chubb has made some changes to its marine team as it targets rapid expansion. The company has appointed Frank Chu as marine cargo underwriter for Chubb Global Markets – his role being to strengthen the capabilities of the cargo team within the unit, which comprises both the London market wholesale and specialty business. He is…

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Zurich names accident and health head in the US

Zurich Insurance Group has added Chris Howard to its commercial insurance accident and health (A&H) underwriting roster to serve as head of A&H in the US. Howard, who will be based in New York, was president of the A&H division at WNC Insurance Services. A Chubb alumnus, he brings nearly three decades of industry experience…

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Generali business units strengthen organizational structure with new appointments

Generali Global Business Lines (GBL) and Generali Global Corporate & Commercial (GC&C) have announced several key appointments. “In order to accelerate our Strategy 2021 – Lifetime Partner, we have established this new organizational structure,” said Manlio Lostuzzi (pictured), CEO of GC&C. “I am truly confident that these changes will further equip us in serving our…

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BRP Group subsidiary acquires real estate insurance agency, employee benefits providers

Baldwin Krystyn Sherman Partners (BKS-Partners) – the middle-market subsidiary of Baldwin Risk Partners Group (BRP Group) – has acquired three firms. The acquired firms are Rosenthal Brothers in Chicago, Trinity Benefit Advisors (TBA) in Tennessee, and Russ Blakely & Associates (RBA), also in Tennessee. Rosenthal Brothers is a provider of P&C insurance, employee benefits and…

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Axon launches crisis-management division

Axon Underwriting Services has announced the formation of a crisis-management division to offer product-recall and foodborne illness and contamination coverage for US-domiciled clients. Axon Crisis Management is led by Alex Pittignano, senior vice president, and Marcos Garcia Norris, senior vice president. Pittignano and Norris have more than 45 combined years of underwriting experience. Pittignano has…

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AIG confirms major sale

The Carlyle Group and T&D Holdings have completed their acquisition of 76.6% interest in Fortitude Group Holdings from American International Group (AIG). The transaction was first announced last November. Fortitude Group Holdings’ reinsurance subsidiary Fortitude Re is now being positioned as a major provider of retroactive reinsurance and legacy run-off management solutions, armed with the…

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RenaissanceRe aiming for massive capital raise

A whopping 5.5 million of RenaissanceRe Holdings Ltd’s common shares are up for grabs in an underwritten public offering. The global (re)insurance provider – which has offices in Bermuda, Australia, Ireland, Singapore, Switzerland, the UK, and the US – has commenced the offering, with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC…

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Public defender

IBA: Before you started Poms & Associates, you focused on the issue of sexual abuse at Gallagher. Can you tell us more about that David Poms: [When] Gallagher hired me, [they] focused on two major areas – one was Catholic dioceses and the other was public entities, so I was assigned some Catholic diocese accounts.…

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Closing the information gap

When insurers begin pricing a policy for a new small business customer, they often rely solely on a single financial data source. Did you know that using only one commercial credit source could give you only 50% coverage of your small businesses book? That could leave the other half of your book of business completely…