Monthly Archives: <span>December 2018</span>

AssuredPartners Acquires AOPA Insurance Agency’s Aviation Book of Business

AssuredPartners Inc. has added the aviation book of business formerly owned by AOPA Insurance Agency Inc. into the AP Aerospace operations of AssuredPartners. AOPA is a Frederick, Md.-based aerospace specific association focusing on the needs of aircraft owners, renters, CFI …

Massachusetts’ Energi Names Windstein Chief Underwriting Officer

Energi, the Peabody, Mass.-headquartered parent company for Energi Insurance Services Inc., has named Michael Windstein as chief underwriting officer. In this role, Windstein will support Energi’s underwriting operations with the recent launch of its eCaptiv programs for the energy and …

Travelers Establishes Program to Help with Connecticut Crumbling Foundations

The Travelers Companies Inc. has established the Travelers Benefit Program, a $5 million fund to assist customers in repairing homes with crumbling foundations in northeast Connecticut. The matter stems from concrete contaminated by the mineral pyrrhotite, which can cause foundations …

The Bad News About High Auto Insurance Customer Satisfaction

Record high customer satisfaction among auto insurance customers is clearly good news for customers, especially at a time when their overall customer experience is being tested by the rising cost of auto insurance. For insurers, on the other hand, record …

Ed Broking to Open Bermuda Operation

Ed, the London-based reinsurance, wholesale and specialty broker, announced that it will expand its international footprint by setting up a broking platform in Bermuda. Once approved by the Bermuda Monetary Authority, the operation will be built and led by Chris …

AIG Expands Coverage as Whisky Collecting Gains Among Wealthy

With prices of rare whisky soaring into the six and seven digits, ensuring that precious spirit is protected is not only recommended but essential, says Ron Fiamma, head of global collections at AIG’s private client group. The insurance giant has …

Draycott Named CEO of Ed Broking in Preparation for BGC Partners’ Purchase

Ed, the global reinsurance, wholesale and specialty broker, today announced the appointment of Andrew Draycott as CEO-designate of Ed Broking in London. His appointment is subject to regulatory approvals and he will take up his role once the acquisition of …

Gallagher Buys Boston Marks Group with Offices in N. Zealand, Australia, UK & U.S.

Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based insurance broker, has acquired Boston Marks Insurance NZ in New Zealand, BMG Aviation in Australia and the book of business of Boston Marks Insurance Brokers in the United Kingdom, which are …

BHSI Withdraws from Hong Kong Employees’ Compensation Terrorism Pool

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has withdrawn from the Hong Kong Employees’ Compensation (EC) terrorism pool, effective Dec. 1, 2018. BHSI said it is now the first insurer in Hong Kong to provide EC terrorism coverage …

Liberty Mutual Forms $1B Risk-Sharing Deal with OPIC, Expanding Public Sector Portfolio

Liberty Mutual Insurance has formed a $1 billion risk-sharing agreement with the Overseas Private Investment Corp. (OPIC), the U.S. government’s development finance institution, which furthers the company’s diversification strategy in a market when organic growth is hard to find. The …