Professional/Management/Employers Liability News

Allied World Appoints Herron as VP in Australia Professional Liability Team

Allied World Assurance Co. Holdings announced that Michael Herron was appointed vice president, Professional Liability – Allied World Global Markets. Based in Sydney, Australia, Herron will be responsible for the growth and development of the company’s Australian professional liability business. …

BHSI Launches Miscellaneous Professional Liability Insurance in Canada

Berkshire Hathaway Specialty Insurance (BHSI) has introduced Professional First Miscellaneous Professional Liability (MPL) Insurance in Canada. The new MPL policy provides claims-made coverage for professionals and professional services firms facing allegations of negligent acts, errors or omissions, misstatements, misleading statements, …

Founders Professional Promotes Williams to Professional Liability Broker

Founders Professional has promoted Jaimee Williams to professional liability broker in Chicago. Williams will be responsible for the continued expansion of Founders’ footprint in the small law firm space. Williams joined Founders Professional in 2012, and most recently held the position of …

Risk Strategies Acquires Illinois-Based M.G. Welbel & Associates

Risk Strategies Co. has acquired M.G. Welbel & Associates (MGW), a Northbrook, Ill.-based professional liability insurance specialty broker. Terms of the deal were not made public. MGW’S focus is on lawyers and design professionals, including architects, engineers and surveyors. The …

OneBeacon Names Garganigo as Senior VP, Professional Liability

Marc Garganigo has joined OneBeacon Insurance Group as senior vice president of Professional Liability. Garganigo will oversee the company’s Design Professional business unit and will identify expansion opportunities into other professional liability customer groups. Garganigo has 23 years of industry …

BHSI Enters Australia Construction Insurance Market; Appoints Team Execs

Berkshire Hathaway Specialty Insurance Company (BHSI) announced it is providing comprehensive insurance and services for the construction industry in Australia and named a team of executives to oversee key areas of its construction business. BHSI said it is offering construction …

ACE Offers New D&O Products in Germany; Dünkeloh Named Financial Lines Mgr.

ACE Group has launched two new D&O insurance products and has appointed a new financial lines manager in Germany, as it continues to respond to the rapidly evolving management liability cover needs of companies in Europe’s biggest economy. ACE D&O …

Zurich Launches Management Liability Offering for SMEs in Australia

Zurich is launching a new management liability offering, specifically designed to protect small to medium enterprises (SMEs) in Australia, with turnovers up to AUD$50 million. The new product will be provided via “Z.stream,” the company’s electronic broking system. Z.stream* already …

Lehman Exec Defeats Employee Lawsuit Over Retirement Losses

A U.S. federal judge on Friday dismissed a lawsuit by former Lehman Brothers Holdings Inc employees seeking to hold onetime Chief Executive Richard Fuld liable for their retirement plan losses as the Wall Street bank plunged into its 2008 bankruptcy. …

Law Firms Face Large Malpractice Claims as Risks Grow: Study

As law firms adjust to the realities of the current business environment, they continue to fall victim to malpractice claims, which can be costly to defend and may result in enduring reputational damage. A new study by insurance broker Ames …