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Topa Insurance names new director of programs

Topa Insurance Company has appointed Ben Rozema (pictured) to the role of director of programs. In his new role, Rozema will be responsible for the P&L of all program business, as well as relationships with all program partners. He will also have direct oversight of Topa Insurance’s enterprise risk management. …

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Ironshore names new president of IronPro

Ironshore has announced the appointment of Thomas F. Leahy Jr. as president of IronPro, the company’s professional and management liability division. Leahy will oversee all aspects of marketing, underwriting and distribution of IronPro professional and management liability lines to retail and wholesale markets. He will report to Matthew Dolan, president …

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Crawford & Company cements new partnership

Crawford & Company, the world’s largest publicly listed independent provider of claims management and outsourcing to insurance brokers, has announced the appointment of a new senior vice president and a new partnership with Frontline Insurance. Crawford has named Jack Schafer senior vice president and chief client officer for US loss …

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Aon Global Risk Consulting names new property coverage officer

Aon Global Risk Consulting has announced the appointment of Erica J. Dominitz (pictured) as a senior US property coverage officer. Dominitz, an insurance coverage attorney, will be based in Washington, D.C. She has nearly two decades of experience advising policyholders on complex property and business-interruption claims, including helping them achieve …

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AIG races to massive financial turnaround

In a significant business turnaround, AIG has today reported net income attributable to AIG common shareholders of US$648 million (or US$0.72 per diluted common share) for the third quarter of 2019. This significant profit follows a net loss attributable to AIG common shareholders of US$1.3 billion (or US$1.41 per common …

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Risk Strategies nabs $1.6 billion loan from direct lenders

Insurance brokerage and risk management firm, Risk Strategies, has been granted a $1.6 billion unitranche loan from a group of 10 direct lenders, according to a Reuters report. It’s one of the largest ever loans of this kind, said sources familiar with the matter.   The private credit loan, which …

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RiverStone scoops up two Cayman-based captives

Insurance runoff management company RiverStone has announced the acquisition of two Cayman-based captives, GMPCI Insurance Company and Seaside Indemnity Alliance Company. GMPCI was formed in 2005 to insure anesthesiologists, certified registered nurse anesthetists and registered nurses, primarily in Massachusetts. Seaside was formed in 2013 to assume hospital and physician professional …

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Study: Program business jumps 12% in 2018

A new study published by the Target Markets Program Administrators Association (TMPAA) found that program business continued to post favorable results last year. TMPAA’s The 2019 State of Program Business Study – the seventh in an ongoing annual series of reports – found that program business premium jumped by 12.18% …

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Risk Strategies acquires brokerage Dash & Love

Risk Strategies has acquired Dash & Love, a full-service specialty brokerage based in Bala Cynwyd, PA. Terms of the transaction were not disclosed. Dash & Love, founded in 1930, is a family-owned specialty retail insurance brokerage that offers insurance placement and risk management advice to organizations and individuals in the …

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Selective Insurance reveals succession plan for CEO role

The board of directors of Selective Insurance Group has elected John Marchioni to serve as the company’s next chief executive officer, effective February 01, 2020. Marchioni succeeds Gregory Murphy, who will retire as CEO after serving in the position since 1999. A release said that Murphy, who has been chairman …

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