ProSight Specialty Insurance announced that Joe Beneducci will be taking over the role of executive chairman for the insurer. Larry Hannon, who has been serving as ProSight’s chief operating officer, will succeed Beneducci as chief executive officer, effective immediately. Beneducci …
Some of April’s natural catastrophes included an elevated number of tornadoes in the United States, the strongest cyclone to hit Mozambique on record and costly seasonal flooding Eastern Canada that inundated nearly 10,000 homes, according to Aon’s latest monthly Global …
Willis Towers Watson has released an updated version of its Radar pricing software. Radar 4.4 introduces new security features that provide a more sophisticated governance process, as well as improvements to the software’s machine learning and optimization capabilities. “Insurers are …
German insurer Allianz SE on Tuesday posted a small rise in net profit in the first quarter from a year earlier, marginally ahead of expectations, and confirmed its targets for 2019. Results were helped by lower claims from natural catastrophes, …
Insurers in the Lloyd’s of London market have switched 45% of their business to an electronic platform, ahead of target, the platform said on Monday. The insurance industry has been slower to move to electronic trading than other parts of …
DeRidder, Louisiana-based workers’ compensation insurer, Amerisafe Inc., has named Andrew McCray as its new executive vice president and chief underwriting officer. McCray comes to Amerisafe with more than 30 years of insurance industry experience. Prior to joining Amerisafe, he was …
Associated Agencies Inc. in Rolling Meadows, Illinois, has hired Jim Schmidt as director of business development. Most recently, Schmidt worked as commercial lines manager for USI Insurance Services since 2016. There, he promoted the USI Insurance brand during new and …
After eight years as the head of the Tennessee Department of Commerce & Insurance (TDCI), Commissioner Julie Mix McPeak is leaving Tennessee state government in order to pursue career opportunities in the private sector, according to a statement from TDCI. …
AmeriTrust Group Inc.’s five insurance carrier subsidiaries have received an upgraded Financial Strength Rating (FSR) of “A-” (Excellent) from A.M. Best, the insurance industry credit rating organization. A.M. Best also upgraded the Long-Term Issuer Credit Ratings (Long-Term ICR) to “a-” …
National Flood Services, which offers processing, claims and customer service for flood insurance programs, has named Ralph Blust as chief executive officer. Blust will replace interim CEO George Ruhana, who will continue in his role as operating partner. Blust has …
