Monthly Archives: <span>December 2017</span>

Pennsylvania’s NSM Insurance Group Hires Meuret

NSM Insurance Group, a Conshohocken, Penn.-based administrator of industry-specific programs, has hired Richard Meuret as program director of Care Providers Insurance Services, the social service and nonprofit division of NSM. Meuret brings more than 25 years of experience in the …

New Hampshire’s Northern United Agents Alliance Adds Three Members

The Northern United Agents Alliance (NUAA) has announced that Geo M. Stevens Insurance, Voyager Insurance Services LLC and Wieczorek Insurance have joined the NUAA as participating members, effective January 1, 2018. Headquartered in Concord, N.H., NUAA is an alliance of …

Hamilton Finds Buyer for Sportscover Legacy Book

Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015. Syndicate 3330 will buy the business from Hamilton Underwriting Limited, the managing agency of Syndicate 3334 …

PIACT Appoints Russell to Task Force to Improve Insurance Industry Workforce

Professional Insurance Agents of Connecticut Inc.’s past president, Augusto Russell, has been appointed to a General Assembly task force to improve the insurance industry workforce in Connecticut. He was appointed by Sen. Len Fasano, the Senate Republican President Pro Tempore. …

Travelers Names Rnjak to Lead Its Lloyd’s Platform

Travelers Europe announced it has appointed Nick Rnjak to lead Travelers Syndicate Management Ltd., its wholly owned platform in the Lloyd’s insurance market. Rnjak most recently served as chief underwriting officer for Travelers Syndicate. In his new role, he will …

How Bitcoin Is Fueling Ransomware Insurance Claims

Hey, want those photos and files back? It may cost more than it used to. Thank bitcoin. Chubb Ltd., best known for catering to wealthy families and corporations, is among at least three insurers facing a jump in costs tied …

Neon Enters Reinsurance Run-Off Agreement for Syndicate 2468’s 2015 & Prior Years

Neon announced it has entered into a reinsurance to close (RITC) agreement for Syndicate 2468’s 2015 and prior years of account. The agreement was formed with StarStone, a global specialty insurer and subsidiary of Enstar Group Ltd. The transaction provides …

Outlooks Revised to Positive for Missouri Valley Mutual Insurance

A.M. Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of B+ (Good) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb-” of Missouri Valley Mutual Insurance Co. (Missouri Valley) in Burke, …

Energy Property Broker Batten Joins All Risks Ltd. in Dallas

Independent wholesale insurance broker All Risks Ltd. has added Nancy Batten as energy property broker in its Dallas office. Batten has nearly 30 years of experience in the insurance industry on the wholesaler side. Most recently, she served as vice …

Employers, Workers’ Compensation Carriers Eye Trend in Telehealth: Telerehab

Though employers and workers’ compensation insurers have been utilizing telemedicine for quite some time, there’s been a recent uptick in interest surrounding virtual physical therapy, also known as telerehab. Telerehab provides virtual access to physical therapy and is intended to …