The Protector Group Insurance Agency of Worcester, Mass., has three new additions to its management staff. Grace H. Marrano is the new employee benefits manager. She is responsible for managing employee benefits account managers, as well as policies and procedures for the division. She comes to Protector Group with more than 15 years in healthcare management and previous employment with Guardian Life Insurance in Boston.
John A. Reilly has joined the agency as director of business development. Reilly is responsible for working with account executives to develop and achieve sales goals for the agency. He has a background in business and technology.
Also joining Protector Group is Edward M. Stadig. He is the new employee benefits underwriter responsible for managing the underwriting and placement of business for employee benefit clients. He supports account executives in the new business process.
Lloyd’s has named John N. Gilbert, president, chief executive officer and director of New York-based insurance intermediary Holborn Corp., as its Reinsurance Broker of the Year. The award, which recognizes outstanding achievement, was bestowed in a ceremony at Lloyd’s by Deputy Chairman John Coldman. Gilbert noted that he’s been working with Lloyd’s for 42 years and praised the efforts of both Holborn’s staff and Lloyd’s for all of the hard work they have done in establishing such a good relationship with the London market.
Lloyd’s also honored a second American broker in selecting Gary Cooney of McGriff, Seibels & Williams as U.S. Surplus Lines Broker of the Year. Cooney is vice chairman of the Birmingham Ala.-based insurance group.
Coldman paid tribute to both men, noting that despite a difficult market, they had “used their knowledge and expertise in dealing with the Lloyd’s market to deliver outstanding solutions for their clients.” He also noted the importance the U.S. market represents for Lloyd’s, and the significant role insurance professionals like Gilbert and Cooney play in maintaining Lloyd’s U.S. business.
David P. Roberts has joined Heath Insurance Brokers of Farmington, Conn., as a casualty surplus lines broker, after 12 years in key positions with CNA and previous employment with an insurance agency specializing in commercial lines. Heath is a national excess and surplus lines brokerage firm.
The Professional Insurance Agents of Connecticut Inc. elected officers during the association’s recent annual convention at Foxwoods Resort Casino in Mashantucket. Jeffrey Parmenter, a principal with S.H. Smith & Co. Inc. in West Hartford, was sworn in as president. In his inaugural address, Parmenter said relationship building and continuing education are the keys to success in the insurance industry. Parmenter, a 20-year industry veteran who first joined PIACT as a Young Insurance Professional 15 years ago said these two factors were key to his own success. In his address, he urged experienced pros who have influence over newcomers in the industry to encourage them to “get involved” by volunteering in their associations.
Other PIACT officers for the new term include: president-elect: Joseph Bishop III, vice president and secretary of Associated Insurance Agencies Inc. in Hamden; vice president: John DiMatteo, president of A.A. DiMatteo Insurance Service Center with offices in Trumbull and Bethany; vice president: Christopher Wilson, general manager for C.V. Mason & Co. in Bristol; treasurer: James Goodman, president of Goodman Insurance Inc. in Shelton; secretary: Diane L. Eger, vice president of Orange Insurance Center in Orange. Robert Gyle IV, commercial account manager for Davidson Insurance Services in Danbury, a division of the John M. Glover Agency in Norwalk, will serve as immediate past president.
In other news from PIA, PIA Management Services Inc. elected Kenneth Bessette as its president and chief executive officer, succeeding outgoing President James E. Reed who has held the position for the past 20 years. Bessette has been with PIA for 20 years, serving as executive director of the Professional Insurance Agents of New York, New Jersey, Connecticut and New Hampshire. PIA Management Services Inc. is the umbrella corporation that manages the Glenmont, N.Y.-based Professional Insurance Agents associations, representing independent insurance agencies, brokerages and their employees in N.Y., N.J., Conn., and N.H. The corporation also manages the Professional Insurance Wholesalers Association, the Insurance Brokers Association of N.Y., the Council of Insurance Brokers of Greater N.Y., the Young Insurance Professionals associations and the PIA Group Insurance Trust.
Maryland-based Montgomery Insurance, a member of Liberty Regional Agency Markets (RAM), a business unit of Boston’s Liberty Mutual Group, announced that Ed White has been promoted to vice president for personal lines and Ralph LaSpina has been named regional vice president, Southeast. White will be responsible for field operations, home office underwriting and support services. He joined Montgomery in 2003 from GoAmerica Auto Insurance, an Indiana-based insurer that is also part of the RAM organization.
The board of directors of Bermuda-based ACE Ltd. has elected Evan G. Greenberg, as its president, in addition to the post of chief executive officer, effective May 27, 2004. He will assume control over company operations from Brian Duperreault, who has been both chairman and CEO since 1994. Duperreault will remain in as chairman.
With Greenberg’s promotion members of the Greenberg family now occupy three of the highest profile posts in the industry. Father Maurice “Hank” Greenberg is the longtime head of AIG; his elder son Jeffrey is CEO of brokerage giant Marsh & McLennan; and Evan will soon head Bermuda’s largest insurer. He began his career at AIG and joined ACE in 2001 to run its reinsurance group. In 2002 he took over all of ACE’s international operations and has run the company on a day-to-day basis as chief operations officer.
MMG Insurance Company, a subsidiary of Maine Mutual Group in Presque Isle, Maine, announced two promotions: Andrew Glass to personal lines lead underwriter and Chad Brewer to project coordinator and programmer analyst. Grass has been with Maine Mutual since 2002 as an underwriter. Brewer began in the information systems department in 1993.
The Maryland Office of Attorney General has appointed J. Van Lear Dorsey as deputy counsel in the Maryland Insurance Administration. Dorsey previously served as senior counsel for the state’s environmental agency.
Brian Boornazian has recently been named to head up Aspen Re America’s property reinsurance unit as president and chief underwriting officer. He will direct a team of insurance industry veterans to underwrite domestic proportional and risk excess treaty reinsurance from the company’s offices in Rocky Hill, Conn. Boornazian joins Aspen from XL Reinsurance America Inc., where he most recently served as chief property officer, responsible for all property lines of business as well as ocean marine and multi-line business. The company hopes to take advantage of current attractive property reinsurance rates in the U.S. for complex risks.
In addition to Boornazian Aspen’s U.S. property reinsurance team includes: Michael Sowa, formerly vice president and manager of property treaty at XL Re; Nancy Pelgrift, formerly vice president and property treaty underwriter at XL Re; Russell Wagner, most recently home office property manager, responsible for facultative referrals, as well as handling a book of automatics and treaty business at XL Re; Daniel Yerxa, also a former vice president and underwriter in the property treaty unit of XL Re and Brad Lord, a former assistant vice president and underwriter in the property treaty unit at XL Re.
Deborah S. Coffrin has been appointed the chief financial officer at Banknorth Insurance Group, the largest insurance group in New England. Coffrin has more than 20 years in finance and accounting. She previously served as chief financial officer of a large insurance agency in Vermont and as controller at United Vermont Bancorporation. A certified public accountant, Coffrin also has consulted as a financial analyst and managed a South Portland marina. Coffrin will be based in the South Portland, Maine office of Morse, Payson & Noyes Insurance.
At Morse Payson & Noyes, Joel A. Osgood has been appointed an account executive for personal lines throughout Maine and New Hampshire. In his new position, he will be responsible for developing and selling new personal lines accounts such as homeowners, automobile and umbrella insurance.
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