Operations News

AmWINS Forms Non-Standard Auto Specialty Division

AmWINS Group, Inc. has combined its various non-standard auto operating entities to create AmWINS Specialty Auto (ASA), a new operation within the AmWINS Underwriting Division. The combined entities include Newport General Agency (acquired in April 2010), American Southwest Insurance Managers, …

Cooper Gay Swett & Crawford Names Southwell to Head Group Operations

Cooper Gay Swett & Crawford (CGSC), the global wholesale and reinsurance brokerage group, has appointed Gavin Southwell as head of operations. He previously served as CGSC’s head of risk management. In his new role Southwell will “focus on providing best …

Venezuelans Threaten Mass Lawsuits for Faulty Breast Implants

Some 2,000 Venezuelan women are threatening to sue doctors, private clinics and distributors for faulty PIP breast implants if they do not get free replacements in one of the world’s hottest markets for plastic surgery. The image-conscious South American country …

Best Reports on Bermuda’s Challenges; Torus’ O’Donohoe Comments on Diminished Role

A special report from A.M. Best highlights the “challenging conditions” facing Bermuda’s insurance and reinsurance market, despite what Best described as “resilient financial results despite challenging conditions that include heavy catastrophe losses.” As of Sept. 30, 2011 the Bermuda/insurance market …

Willis North America Names Elliott as Operations Director

Insurance broker Willis North America has appointed  Jeff Elliott as director of operations. He will be based in Charlotte, N.C. In this newly created role, Elliott will help refine Willis North America’s target operating model and oversee its major technology …

Capgemini/Efma Report Urges ‘Re-focusing,’ ‘Operational Efficiencies’

In their recently released 2011 World Insurance Report Capgemini and Efma explore how insurers can “dissect their business to identify opportunities that will make fundamental and lasting improvements to their core operations, with a focus on enhancements to claims transformation. …

Krisanits Joins Old National Insurance as Regional President

Frank Krisanits has joined Indiana-based Old National Insurance as its Evansville region president. He will lead the insurance teams in the tri-state area. Before joining Old National, Krisanits held senior management roles including chief operating officer, president and CEO at …

Hallmark Financial Completes Acquisition of State Auto National

Fort Worth, Texas-based Hallmark Financial Services Inc. says it has completed the previously disclosed acquisition of State Auto National Insurance Co. State Auto National is an Ohio domiciled insurance company which annually writes approximately $37 million in non-standard personal automobile …

Marsh Agency Buys Georgia Benefits Brokerage

Marsh & McLennan Agency LLC reports it has acquired Strategic Benefit Solutions, Inc. (SBS), a $4 million benefits brokerage and consulting firm based in Alpharetta, Georgia. Terms of the transaction were not disclosed. SBS will operate within the Rutherfoord division …

Poisson to Lead New Atlanta Office for ISU Agency Network

The ISU Agency Network has added a Southeast regional office in Atlanta. The office will be lead by Gary Poisson, who will manage the development of the ISU network in 11 states from Virginia to Louisiana. Poisson has 25 years …