Philadelphia Insurance News

Markets/Coverages: Insurtech Slice Expands Contractors General Liability Insurance Offering, Backed by Philadelphia Insurance

Slice Labs Inc., the New York-based insurtech that operates an on-demand insurance platform, has expanded into seven additional states and the District of Columbia with its contractors general liability insurance product for small businesses. Coverage purchased on Slice’s platform is …

Appeals Court Blasts Insurer’s Conduct in Denying Claim Over Insured’s Conduct

Philadelphia Indemnity Insurance Co. is not entitled to the summary judgment it was granted by a federal district court in a building fire case in which it claimed the insured was not cooperative in accommodating its requests for examinations under …

Philadelphia Insurance Names Doyle Co-Chief Underwriting Officer; Adds 3 Senior VPs

Philadelphia Insurance Companies has appointed John Doyle as a co-chief underwriting officer and promoted three vice presidents to senior vice president roles. Doyle is now shares the underwriting officer responsibilities along with President John Glomb. In this new role, Doyle …

O’Leary Succeeds Maguire as Philadelphia Insurance Chairman; Glomb Is President

Commercial property/casualty and professional liability insurer Philadelphia Insurance Companies announced leadership changes, effective January 1, 2020. President and Chief Executive Officer Bob O’Leary has become chairman, succeeding the departing Jamie Maguire. O’Leary will continue as CEO. Chief Underwriting Officer John …

Philadelphia Insurance Promotes Cundiff to Lead Surety Division Nationwide

Philadelphia Insurance Companies, a commercial property/casualty and professional liability insurer, announced the promotion of Michael Cundiff from vice president to senior vice president of Surety. Cundiff will succeed Ed Titus, who started the surety division in 2011 and who will …

Philadelphia Insurance Promotes 3 in Marketing

Philadelphia Insurance Companies has promoted one vice president and two regional vice presidents in marketing. Matthew Carroll assumes the position of regional vice president of marketing in the insurer’s West region. Carroll joined Philadelphia Insurance in 2008. As a vice …

Philadelphia Insurance Names Bayer as Senior VP of E&S, Promotes Angelo in Southeast

Specialty property casualty insurer Philadelphia Insurance Companies has named Scott Bayer as senior vice president of Excess and Surplus Lines and promoted Tony Angelo to regional vice president for the Southeast. In his new role, Bayer will manage the company’s …

Tokio Marine Buyout of Insurer Delphi Allowed to Proceed

A Delaware court on Tuesday denied a request to block the $2.7 billion sale of insurer Delphi Financial Group to Tokio Marine Holdings Inc., brought by pension-fund investors who claim that Delphi’s CEO was unjustly enriched by the deal. The …

Texas Man Accused of Drowning $1.2M Sports Car for Insurance

The insurer of a $1.2 million sports car that plunged into a Galveston Bay lagoon two years ago says the owner deliberately drove into the marsh to collect on a $2.2 million insurance policy. No trial date has been set …

Best Upgrades Philadelphia Insurance Co. and Members Ratings

A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A++’ (Superior) from ‘A+’ (Superior) and the issuer credit ratings (ICR) to ‘aa+’ from ‘aa’ of Philadelphia Insurance Companies and its members, and has revised its outlook on the …