Fireman’s Fund News

Allianz Profit Drops as Gross’ Exit Spurs PIMCO Asset Outflows

Allianz SE reported an unexpected decline in fourth-quarter profit as the exit of Bill Gross at Pacific Investment Management Co. (PIMCO) spurred clients to withdraw assets. The shares fell the most in five months. Net income fell to 1.22 billion …

Allianz Hires Zurich’s Schiavone to Build U.S. Financial Lines

Allianz SE hired Zurich Insurance Group AG’s Paul Schiavone to oversee financial products in the U.S. and Canada as Europe’s largest insurer builds its commercial business in North America. Schiavone, 46, was named regional head of financial lines in North …

Allianz Announces New Leadership Team for Combined Fireman’s Fund, AGCS NA

German insurance giant Allianz announced a new team that will lead the combined Fireman’s Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, current president and CEO of Fireman’s Fund Insurance Company (FFIC), will …

Fireman’s Fund Enhances Prestige Home Premier Product

Fireman’s Fund has unveiled new coverages and enhancements to its Prestige Home Premier product, now available in six states and filing nationwide through 2016. Homeowners in Arizona, Colorado, Connecticut, Illinois, Missouri, and Oregon are now eligible for the new product, …

Fireman’s Fund Names Travelers’ Grote to Commercial Field Executive Post

Fireman’s Fund Insurance Co. has appointed Walter Grote to the position of commercial insurance field executive. In this national role, Grote will lead Fireman’s Fund Commercial Insurance operations, including middle market, small business, farm and ranch, property and excess.  Grote …

Fireman’s Fund Secures New Tree Service Vendor for Homeowner Insureds

Fireman’s Fund has secured HMI as one of its Prestige Advisory Services vendors. HMI manages a national network of credentialed tree care companies representing more than 2,500 tree crews and 1,500 certified arborists. HMI provides a new inspection service that …

Universal, Fireman’s Fund Seek ‘Fast and Furious’ Solution

When “Fast And Furious” star Paul Walker died and left the seventh film in the franchise hanging in the balance, it wasn’t the first time a studio and its insurer faced such a situation, but the point at which production …

Fireman’s Fund Enhances Art Collection Product with ‘Death of An Artist’ Coverage

Fireman’s Fund Insurance Co. has introduced new death of an artist loss settlement provisions, as well as seven other coverages to additional states as part of their Prestige Collections Coverage. Fireman’s Fund coverage high value collections address elements of fine …

Fireman’s Fund Launches New Commercial Property Form for Highly Protected Risks

Fireman’s Fund Insurance Co. has launched Property-Gard Pinnacle, a new commercial property form that integrates new coverages and policy format with existing protection for highly protected risk (HPR) properties. The policy structure offers the following features: Flexible limits and terms …

Fireman’s Fund Taps Golden In California

Michael P. Golden has joined Novato, Calif.-based Fireman’s Fund as a strategic relationship manager. Golden will be responsible for building and strengthening our relationships and results with global brokers. Most recently Golden was an executive vice president at Zurich, where …