News By Sector: Insurance

Friday, July 30, 2010

ACE Group Appoints Bruce Kessler

The ACE Group announced the appointment of Bruce Kessler as president of ACE Westchester Specialty Group.

In this role, Kessler will oversee all operations for ACE Westchester’s wide array of specialty property, casualty, environmental, professional liability and inland marine insurance products.

Based in Atlanta, Ga., Kessler will report to John Lupica, chief operating officer, insurance-North America.

Kessler previously held the positions of executive vice president and chief underwriting officer, insurance-North America, and senior vice president, global reinsurance, ACE Tempest Re USA. Prior to his tenure with ACE, Kessler held a number of senior underwriting positions with reinsurance companies, including American-Re Insurance Company, NAC Reinsurance Company, and General Reinsurance Company. -Business Wire


Sector: Insurance | Comments Off

OneBeacon Insurance Group Appoints Dennis Crosby

OneBeacon Insurance Group announced it has appointed Dennis Crosby as president of the company’s OneBeacon new excess and surplus lines group, which both supports its current business and selectively writes in the E&S market. His appointment is effective immediately.

Crosby brings nearly 30 years of industry experience to OneBeacon. Most recently, he was president and CEO of ACE Westchester and chairman of ACE Commercial Risk Services, where he was accountable for wholesale distribution of specialized property and casualty products within the excess and surplus lines marketplace. -PR Newswire


Sector: Insurance | Comments Off
Tuesday, July 27, 2010

David O’Leary Joins AXA Equitable

AXA Equitable Life Insurance announced that David O’Leary has joined the company as executive vice president, to lead the financial protection division, which houses AXA’s life insurance business.

In this new role, O’Leary is responsible for the four major units of the financial protection division: business management & operations; product life cycle management; product design & manufacturing; and distribution management. He reports to Andrew McMahon, senior executive vice president and president of the company’s financial protection and wealth management business.

With more than 25 years experience as a life insurance industry executive, O’Leary most recently was executive vice president and chief operating officer of American General Life Insurance, a unit of American International Group. -PR Newswire


Sector: Insurance | Comments Off
Monday, July 26, 2010

MetLife Appoints Katherine Filiberto Fibiger

Katherine Filiberto Fibiger has been appointed as director of strategic development at Barnum Financial Group, an office of MetLife, in Shelton.

Filberto Fibiger joined MetLife in New York City in 2005.


Sector: Insurance | Comments Off
Friday, July 23, 2010

Marsh Announces New Executive Appointments

Marsh announced the appointments of three industry veterans to its new global rail practice, including Jim Beardsley as global leader. Also joining the global rail practice are Jim Wolfarth as senior vice president, casualty, and John Raymond as senior vice president, property.

Beardsley brings nearly 30 years of insurance brokerage experience to Marsh, including more than 15 years in the rail industry. He will be based in Marsh’s Baltimore office and will report to Joe McSweeny, president, U.S. & Canada division, Marsh. Messrs. Wolfarth and Raymond will be based in Marsh’s Baltimore and Philadelphia offices, respectively, and will report to Beardsley.

Wolfarth joins Marsh’s Global Rail practice from Aon, where he was a client executive and senior casualty broker, working with some of the largest freight and passenger railroads in the US and Canada. He brings more than 25 years of insurance brokerage experience to Marsh, including 15 years in the rail industry. He began his career at Willis, working as an account manager and casualty broker. Raymond brings 22 years of insurance brokerage experience to Marsh, including 10 years in rail. -Wireless News


Sector: Insurance | Comments Off

Brown & Brown Promotes J. Scott Penny

Brown & Brown announced that J. Scott Penny, CIC, has been promoted to the position of regional president. Mr. Penny, who has served as one of the company’s regional executive vice presidents since 2002, is responsible for oversight of retail profit center operations of certain of the company’s subsidiaries in Connecticut, Illinois, Indiana, Kentucky, Massachusetts, Michigan, Minnesota, New Hampshire, New York, Ohio, and Washington.

Mr. Penny also oversees the operations of Axiom in Florida and North Carolina. Mr. Penny began his career with the company in 1989 in Daytona Beach, Florida, where he worked as a marketing representative, account executive and producer before his promotion to the position of profit center leader in Jacksonville, Florida and, subsequently, his work in that capacity in Indianapolis, Indiana.

Mr. Penny received the company’s Top Gun award in 1994 and has served as one of the company’s regional executive vice presidents since 2002. In his new position as regional president Mr. Penny will continue to be responsible for his current regional operations but will have an expanded role in helping grow the company’s overall operations. -Market Wire


Sector: Insurance | Comments Off

CNA Financial Appoints Bob Jirgal

CNA Financial announced that effective from August 9, 2010, Robert Jirgal will join as senior vice president of business process reengineering. In this newly created position, Jirgal will work closely with CNA’s senior leadership to develop and implement business strategies designed to deliver enterprise-wide operating efficiencies, stronger business results and superior service capabilities for the global business insurer.

Most recently, he served as vice president and managing partner of financial services for Gartner Consulting where he was responsible for providing strategic consulting and program oversight services for large, complex transformational initiatives involving operational changes and technology. -Business Wire


Sector: Insurance | Comments Off
Wednesday, July 21, 2010

CNA Financial Appoints Michael Furlong

CNA Financial appointed Michael Furlong as vice president of underwriting for its specialty lines group.

In this role, Furlong has responsibility for the global insurer’s lawyers professional liability program which focuses on law firms with fewer than 35 lawyers, and its bar-endorsed partnerships.

Furlong has more than 20 years of legal, claim and professional liability experience. He joins CNA from Swiss Re where he led its lawyers and accountants professional liability business. -Business Wire


Sector: Insurance | Comments Off
Tuesday, July 20, 2010

AIG Appoints Mark Tucker

American International Group will appoint Mark Tucker as head of its Asian business, AIA. He will replace Mark Wilson.

Tucker’s was recently Prudential’s chief executive. -The Daily Telegraph (LONDON)


Sector: Insurance | Comments Off

Unum Group Appoints Jack McGarry

Unum Group announced that Jack McGarry, senior vice president of benefits and risk management for the company’s Unum US unit, has been appointed president and CEO of Unum UK, replacing Susan Ring.

McGarry joined Unum in 1986 and has held a number of leadership positions in finance, underwriting and benefit operations. -Business Wire


Sector: Insurance | Comments Off
Friday, July 16, 2010

Marsh & McLennan Appoints Jim Beardsley, Jim Wolfarth and John Raymond

Marsh & McLennan announced that the appointments of three industry veterans to its new global rail practice.

Jim Beardsley has been appointed global leader.

A recognized rail industry leader, Mr. Beardsley brings nearly 30 years of insurance brokerage experience to Marsh, including more than 15 years in the rail industry. He joins from Aon, where he led its rail practice. Prior to Aon, he also held senior positions at Willis and Alexander & Alexander.

Jim Wolfarth has been appointed senior vice president, casualty.

Mr. Wolfarth joins Marsh’s global rail practice from Aon, where he was a client executive and senior casualty broker, working with some of the largest freight and passenger railroads in the US and Canada.

John Raymond has been appointed senior vice president, property.

Mr. Raymond brings 22 years of insurance brokerage experience to Marsh, including 10 years in rail. He joins from Willis Risk Solutions, where he was a senior vice president specializing in property. He rejoined Willis in 2007, after beginning his career there in 1988 as a property broker. -Business Wire


Sector: Insurance | Comments Off
Wednesday, July 14, 2010

Alfonso Lombao Joins Transamerica Reinsurance

Transamerica Reinsurance announced that Alfonso Lombao has joined the organization as managing director for Latin American business.

Lombao will coordinate sales, marketing and business development strategies for the region, including traditional reinsurance solutions and customized product programs.

Mr. Lombao has extensive expertise in both the direct side and reinsurance side of the life insurance business. His retail insurance experience includes four years in bancassurance, an increasingly important distribution channel in emerging markets. Later, during his 14 years with Swiss Re, he served in multiple roles including the management of the company’s Latin American business in both the Zurich headquarters and Mexico City office. -Business Wire


Sector: Insurance | Comments Off
Tuesday, July 13, 2010

Gene Mason Joins Endurance Specialty

Endurance Specialty announced that Gene Mason has joined the company as senior vice president and head of professional lines for their U.S. wholesale insurance operations.

Mr Mason will have responsibility for Endurance’s U.S. middle market professional liability practice which offers specialized miscellaneous E&O coverages for insurance agents and brokers, real estate services, consulting, technology and media clients as well as traditional classes. He will be based in Endurance’s Stamford office.

Mr. Mason has more than twenty years of experience in the industry, having worked as both an underwriter and broker in the professional liability insurance field with a focus on errors and omissions products. He was most recently with Facultative Resources, where he built their professional liability facultative reinsurance operation with a focus on errors and omissions products. Prior to that, he held a number of senior underwriting positions with a subsidiary of Berkshire Hathaway, GE Employers Reinsurance, Great American Insurance and American International Group as well as serving as a senior broker in Willis Re’s professional liability group. -PrimeNewswire


Sector: Insurance | Comments Off

ACE Appoints Darren Small, Promotes Edward Clancy

ACE USA announced that it has named Darren Small as vice president, national renewable energy underwriting manager.

Small will lead the newly-formed specialized underwriting unit, part of the ACE casualty risk division, to meet the insurance needs of the rapidly developing renewable energy sector. He will have overall underwriting authority for the entire ACE renewable energy book of business.

Mr. Small is based in Chicago, Ill. and reports to John D. Moore, vice president and national energy underwriting manager, ACE custom casualty.

With more than 23 years of experience in the insurance industry, Mr. Small joins ACE from the Chubb Group of companies, where he most recently served as assistant vice president and worldwide bio-fuels underwriting manager. He previously held various underwriting management positions within the Chubb Group in the United States and Canada.

ACE Group Holdings has promoted Edward Clancy to executive vice president, global accident and health and life and chairman of its life division, which includes the company’s international life insurance and life reinsurance businesses. This role is in addition to his current responsibilities as head of the company’s worldwide accident and health business.

Since joining ACE in 1999 as senior vice president of international accident and health, Mr. Clancy advanced to president of global accident and health in 2001, adding responsibility for North America, before taking on the additional roles of president and COO of ACE overseas general in 2003. Before joining ACE, he worked in different positions in accident and health division at Europe, North America and Asia over a 20-year period with AIG. -Datamonitor NewsWire


Sector: Insurance | Comments Off

Edgewood Partners Insurance Center Appoints Diane Browne

Edgewood Partners Insurance Center has appointed Diane Browne as a property and casualty insurance producer and senior vice president. She will be based in its San Francisco office.

Browne’s responsibilities will include all aspects of developing and growing a book of business including the acquisition of new clients and the design, placement and management of insurance and risk management programs. She will continue to focus on the unique needs of clients in the retail, wholesale, and manufacturing sectors.

Prior to joining EPIC, Browne held production and client executive positions at Marsh and Aon Risk Services. She spent the past four years at Willis Insurance Services as a producer and middle market team leader in their San Francisco office. -Business Wire


Sector: Insurance | Comments Off
Monday, July 12, 2010

Edgewood Partners Insurance Center Adds Jim Gillette

Edgewood Partners Insurance Center has added Jim Gillette as a principal and senior vice president. He will be operating in its Los Angeles office.

Gillette’s responsibilities will include expanding EPIC’s presence in Los Angeles while focusing on client relationship management. Additionally, he will design and manage the placement of insurance and risk management programs for his clients. He will continue to serve the unique needs of clients throughout the technology, financial services, real estate, and private equity industries including national and global commercial clients.

Gillette brings many years of client management, advocacy, and risk advisory experience to EPIC. Prior to joining EPIC, he held production and client management roles at Aon, Bolton & Co, and most recently Marsh as a client executive in their Los Angeles office. -Business Wire


Sector: Insurance | Comments Off
Thursday, July 1, 2010

Hartford Financial Services Appoints David N. Levenson

Hartford Financial Services has named David N. Levenson president of wealth management, effective July 1, 2010. He will replace John C. Walters.

Levenson joined The Hartford in 1995 from Fidelity Investments, and since that time has worked in nearly every aspect of the company’s wealth management business. -Business Wire


Sector: Insurance | Comments Off
Thursday, June 24, 2010

Scott Sanders Joins Wm. Page & Associates

Wm. Page & Associates announced that veteran investment banker Scott Sanders has joined the company as head of capital markets.

Sanders will direct the company’s efforts to sell pools of life settlement portfolios to institutional buyers including pension funds, private equity groups and hedge funds.

Prior to joining the company, Sanders spent nearly 15 years in strategic consulting and structured finance. Most recently, he ran his own independent investment banking firm, where he managed private equity and venture capital engagements within the life settlement market among many others. -Business Week


Sector: Insurance | Comments Off
Wednesday, June 23, 2010

Equity Risk Partners Appoints William Monat

Equity Risk Partners announced the appointment of William Monat as managing director – transactional products, effective immediately.

Mr. Monat will be responsible for establishing the firm’s transactional products practice group and building company’s capabilities for developing and marketing products including representations and warranties, tax liability, litigation buyout, and contingent liability insurance.

Mr. Monat brings more than 20 years of expertise in insurance and risk services to his role at the company, including extensive experience as an attorney concentrating in insurance coverage and litigation. Previously, he served as a partner at a large national law firm, focused on the representation of specialty lines insurers in professional liability, directors’ and officers’ liability, and fidelity coverage and defense cases. -PR Newswire


Sector: Insurance | Comments Off
Friday, June 11, 2010

Guy Carpenter Appoints Liz Flynn

Guy Carpenter announced that it has named Liz Flynn as global chief operating officer. She also will join Guy Carpenter’s executive committee.

Ms. Flynn will be responsible for developing and implementing Guy Carpenter’s global strategic operational initiatives. She will also oversee the firm’s client support services and information technologies groups, as well as Reinsurance Solutions.  She will be based in New York and will report to Peter Zaffino, Guy Carpenter’s president and CEO.

Before joining Guy Carpenter, Ms. Flynn was senior vice president of the restructuring office – separation and transition management at AIG. -Business Wire


Sector: Insurance | Comments Off
Wednesday, June 9, 2010

Endurance Appoints John Zachry

Endurance Specialty Holdings announced the appointment of John Zachry as head of the company’s U.S. insurance wholesale operations.

Mr. Zachry will expand his current responsibilities to include both property and casualty underwriting, reporting to William M. Jewett.

An industry veteran, Mr. Zachry has more than thirty-eight years of experience in the insurance industry. He joined Endurance in 2004 and was promoted to president, chief property officer – U.S. operations in January 2008. Before joining Endurance, he served as senior vice president – property of Great American Custom Insurance Services from 1993 to 2004. Prior to his tenure at Great American, he was vice president and branch manager of Cravens Dargan (Cigna E&S) in Los Angeles and vice president of excess underwriting nationwide for Transamerica Insurance Company. He began his insurance career with the Fireman’s Fund Insurance Company. -PrimeNewswire


Sector: Insurance | Comments Off
Tuesday, June 8, 2010

Marsh & McLennan Appoints Michael Anderson

Marsh & McLennan announced the appointment Michael Anderson as president of its U.S. construction practice.

Mr. Anderson brings more than 25 years of construction risk management experience to Marsh. He joins from Willis, where he was the surety practice leader in the firm’s U.S. construction practice. -Business Wire


Sector: Insurance | Comments Off
Wednesday, June 2, 2010

W. R. Berkley Appoints J. Michael Foley

W. R. Berkley announced the appointment of J. Michael Foley as president of Berkley Risk Administrators. Mr. Foley succeeds BRAC founders Mark C. Tansey and Kenneth R. Hopkins.

Each will continue in a consulting capacity with W. R. Berkley and its affiliates. The appointment is effective immediately. Mr. Foley joined W. R. Berkley in 1995, and, most recently served as president and chief executive officer of Berkley Medical Excess Underwriters since its inception in 2001. -Business Wire


Sector: Insurance | Comments Off
Friday, May 28, 2010

Assurant Solutions Appoints Kyle Lawlor

Assurant Solutions appointed Kyle Lawlor as vice president and chief actuary for its European businesses.

Mr. Lawlor joined the actuarial department in Atlanta, Georgia, in 2004 and in January 2008 was promoted to director, supporting extended service contracts and vehicle service contracts for all international locations. -Post Magazine


Sector: Insurance | Comments Off
Thursday, May 27, 2010

Great American Insurance Promotes Kirk A. Bull and Mark R. Lonneman

Great American Insurance announced the following promotions.

Kirk A. Bull was promoted to divisional president of the company’s Great American custom division.

Mr. Bull has served as divisional senior vice president of Great American Custom’s casualty operations since 2004. Prior to joining Great American in 1992, he was a senior casualty underwriter for the Los Angeles division of CIGNA E&S. He began his career at CIGNA E&S in 1982.

Mark R. Lonneman was promoted to divisional president of Great American’s specialty E&S division.

Mr. Lonneman has served as divisional senior vice president of Great American Custom’s specialty E&S office in Cincinnati since 2000. He joined Great American’s Agricultural Excess and Surplus Insurance in 1980 as a casualty underwriter, and has held various roles of increasing responsibility in Great American’s home office underwriting department, and in its former commercial and specialty operating divisions. -Business Wire


Sector: Insurance | Comments Off
Tuesday, May 25, 2010

AXA Equitable Life Insurance Appoints Mark Scalercio, Michael Simcox and Timothy Welch

AXA Equitable Life Insurance has announced that Mark Scalercio, Michael Simcox and Timothy Welch have been appointed to the position of senior vice president.

Mark  Scalercio has joined AXA Equitable as senior vice president of marketing & sales support for the company’s 401(k) & association business.

In this position, he will accelerate the growth of AXA Equitable’s employer-sponsored business by expanding the company’s retail and third-party distribution presence in the space. He reports to James Shepherdson, president of retirement savings.

Prior to joining AXA Equitable, Mr. Scalercio was vice president and senior managing director of the investment & retirement division at The Hartford.

Michael Simcox has been promoted to senior vice president in the office of the chairman and CEO.

In this position, Mr. Simcox continues to oversee execution of business decisions for AXA Equitable. He also now serves in an expanded role as senior advisor to the executive leadership teams for the newly formed global life & savings and health businesses for AXA Group. He reports to Christopher Condron and serves as his chief of staff.

Timothy Welch has rejoined AXA Equitable as senior vice president of real estate investment management.

In this position, Mr. Welch has overall responsibility for the company’s real estate investment portfolio and corporate real estate management, which includes facilities management, leasing arrangements and internal space planning. He reports to Kevin Byrne, executive vice president and chief investment officer. -PR Newswire


Sector: Insurance | Comments Off
Monday, May 24, 2010

Genworth Financial Appoints Timothy Herr

Genworth Financial announced that it has named Timothy Herr as senior vice president, brokerage general agency distribution.

Herr, 54, will be part of Genworth’s distribution and marketing sales leadership team.

Herr joins Genworth with more than 30 years experience in the insurance industry. Most recently he was president and founder of Preferred Strategic Partners. -PR Newswire


Sector: Insurance | Comments Off
Friday, May 21, 2010

Guy Carpenter Appoints Lee Ellis

Guy Carpenter appointed Lee Ellis as chief executive officer of South African operations. He replaces Mike Brown.

Mr. Ellis joined Guy Carpenter in July 2009 from Benfield in South Africa. Previously, he was an executive director of BMS International in London. -Post Magazine


Sector: Insurance | Comments Off

Transatlantic Reinsurance Appoints Peter Ho and Jennifer Brancato

At its regularly scheduled meeting, the board of directors of Transatlantic Reinsurance appointed Peter Ho as senior vice president. Ho is based in Hong Kong.

The board also appointed Jennifer Brancato as assistant vice president. Barncato is based in New York. -Business Wire


Sector: Insurance | Comments Off
Thursday, May 20, 2010

New York Life Insurance Appoints Allyson Mcdonald

New York Life Insurance announced that it has appointed Allyson McDonald a senior vice president in its retirement income security operation, to lead relationship management for third-party distribution. She reports to Mike Coffey, senior vice president in charge of third-party distribution.

McDonald and her team are responsible for developing and enhancing the relationships with the top third-party distribution partners who distribute both New York Life annuities and MainStay mutual funds. Additionally, she is responsible for leading New York Life’s internal sales desk capability.

Prior to joining New York Life, Ms. McDonald was responsible for development and communications strategy at the Clinton Foundation. Before that, she was senior vice president at Fidelity Investments in charge of sales and relationship management for their charitable services organization and also held positions at Goldman Sachs and Federated Investors. -Business Wire


Sector: Insurance | Comments Off
Wednesday, May 19, 2010

Teresa Black Joins Freedom Specialty Group

Teresa Black has recently joined Freedom Specialty Group as commercial D&O vice president.

Black has more than a decade of experience underwriting directors and officer liability insurance for Reliance National, The Hartford and most recently ACE USA. -Business Wire


Sector: Insurance | Comments Off
Monday, May 17, 2010

AIG Names William Dooley

American International Group named William Dooley as executive vice president of its financial services business.

Mr. Dooley is responsible for the AIG Financial Services business, which includes International Lease Finance Corp., American General Finance, and AIG Consumer Finance Group. He will report directly to AIG chief executive Robert Benmosche.

Dooley was formerly senior vice president of financial services. -MarketWatch


Sector: Insurance | Comments Off
Wednesday, May 12, 2010

Unum Group Promotes Mike Temple, Vicki Corbett, Kevin McMahon, Scott Maker, Tim Arnold, Don Boutin and Diane Garofalo

Unum Group announced the promotion of seven executives to senior vice president positions.

The following executives were promoted at the corporate level.

Mike Temple has been promoted to senior vice president and chief risk officer.

Temple was previously the vice president and chief risk officer for Unum Group. Based in Chattanooga, he will continue overseeing the company’s enterprise risk management program. He joined the company in 1985.

Vicki Corbett has been promoted to senior vice president and controller.

Corbett was previously the vice president and controller for Unum Group. Based in Chattanooga, she will continue her responsibility for the company’s financial reporting with the Securities and Exchange Commission and state regulators, as well as other financial duties. She joined the company in 1979.

Kevin McMahon has been promoted to senior vice president and treasurer.

McMahon was previously the vice president and treasurer for Unum Group. Based in Chattanooga, he will continue to be in charge of all banking, capital market activities, credit facility negotiations, corporate development and corporate insurance coverages. He joined the company in 2006.

Scott Maker has been promoted to senior vice president and chief government affairs officer.

Maker was previously the vice president and chief government affairs officer for Unum Group. Based in Portland, he will continue to manage the company’s federal and state legislative and lobbying activities. He joined the company in 1996.

The following executives were promoted within Unum US, the company’s primary business unit.

Tim Arnold has been promoted to senior vice president of integrated underwriting.

Arnold was previously the vice president of integrated underwriting for Unum US, a subsidiary of Unum Group. Based in Chattanooga, he will continue his responsibility for underwriting group disability, life, long term care and voluntary benefits products. He joined the company in 1985.

Don Boutin has been promoted to senior vice president of national client group.

Boutin was previously the vice president of national client group. Based in Portland, he will continue to oversee the company’s efforts to attract, serve and retain employers with 2,000 or more employees. He joined the company in 1985.

Diane Garofalo has been promoted to senior vice president of long term disability and individual disability benefits.

Garofalo was previously the vice president of benefits operations. Based in Portland, she will continue to oversee the company’s overall claims management and adjudication. -Business Wire


Sector: Insurance | Comments Off

Selective Insurance Appoints Jennifer W. DiBerardino, Promotes Douglas H. Holbrook, Susan B. Sweeney, Scott C. Betlesky, W. Scott Crump, Debra A. Maizys, Cassie S. Masone, John J. Vessecchia and Kimberlie A. Weisse

Selective Insurance Group announced the appointment of Jennifer W. DiBerardino to senior vice president, treasurer.

Ms. DiBerardino joined Selective in 1997 and held various finance positions before her most recent promotion to vice president of Selective’s investor relations department in 2006.

Selective Insurance announced the following executive promotions.

Douglas H. Holbrook has been promoted to senior vice president, chief claims officer.

Mr. Holbrook joined Selective in April 2010. Previously, he served as vice president, claims-property, SIU and training for Hanover Insurance Group.

Susan B. Sweeney has been promoted to senior vice president, chief investment officer.

Ms. Sweeney joined Selective in April 2010. Prior to that, she served as senior managing director for Ironwood Capital in Avon, CT.

Scott C. Betlesky has been promoted to assistant vice president and field operations manager for Selective’s New Jersey Region.

Mr. Betlesky joined Selective in March 2010. Prior to that, he was the New Jersey branch manager for OneBeacon Insurance.

W. Scott Crump has been promoted to assistant vice president, property line of business manager.

Mr. Crump joined Selective in March 2010. Prior to that, he was a program underwriting manager for United National Group.

Debra A. Maizys has been promoted to assistant vice president, actuarial commercial lines pricing manager.

Ms. Maizys joined Selective in 2001 as an actuarial assistant and has held a variety of positions in the actuarial department.

Cassie S. Masone has been promoted to assistant vice president, flood operations.

Ms. Masone joined Selective in 2000 and has held positions in the company’s internal audit and reinsurance departments.

John J. Vessecchia has been promoted to assistant vice president, auto line of business manager.

Mr. Vessecchia joined Selective in March 2010. Prior to that, he was a commercial underwriting manager for Kingsway America.

Kimberlie A. Weisse has been promoted to assistant vice president, workers compensation line of business manager.

Ms. Weisse joined Selective in April 2010. Prior to that, she was the underwriting vice president (East) for the specialty workers compensation division at Chartis/AIG. -PR Newswire


Sector: Insurance | Comments Off
Wednesday, May 5, 2010

Gregory G. Raab and Donald J. Farrell Join Assured Guaranty

Assured Guaranty and Assured Guaranty Municipal announced that Gregory G. Raab has joined AGC and AGM as senior managing director, residential mortgage-backed securities (RMBS) workout. He reports directly to Dominic J. Frederico, president and chief executive officer of Assured Guaranty, the parent holding company for AGC and AGM.

Mr. Raab will lead the group responsible RMBS loss mitigation and risk remediation, including enforcing Assured Guaranty’s rights to submit or “put back” mortgage loans that have breached representations and warranties for repurchase and supervising the obligations of servicers of RMBS transactions that AGC or AGM have insured.

Assured Guaranty and Assured Guaranty Municipal also announced that Donald J. Farrell will join AGC and AGM as director, public finance business development, Eastern region.

In his new role, Mr. Farrell will primarily focus on maintaining and expanding relationships with public finance and financial advisory firms in the Eastern region. He reports to William O’Keefe, senior managing director of the business development group.

Mr. Farrell joined AGC and AGM from Ambac Assurance, where he served most recently as managing director and head of public finance East. In his 16 years at Ambac, he was involved in all aspects of municipal bond insurance, including credit analysis, transaction underwriting and pricing, and client relationship management across the full spectrum of tax-backed and revenue-backed sectors. -Business Wire


Sector: Insurance | Comments Off
Tuesday, May 4, 2010

W. R. Berkley Appoint Lucille T. Sgaglione and Jeffrey M. Hafter

W.R. Berkley announced the appointments of Lucille T. Sgaglione and Jeffrey M. Hafter as senior vice presidents.

Both Ms. Sgaglione and Mr. Hafter will have oversight responsibility for certain of the company’s operating units. They will report to W. Robert Berkley Jr., the company’s president and chief operating officer. -Business Wire


Sector: Insurance | Comments Off

Arch Insurance Group Appoints David Finkelstein

Arch Insurance Group has appointed David Finkelstein as executive vice president for its surety division effective May 3, 2010. He will replace current surety executive vice president, Mark Vonnahme and will report to David McElroy, president of the financial and professional liability products group.

Mr. Finkelstein will be based in Philadelphia and will be responsible for the overall direction of the surety division, overseeing the underwriting and operations of all Arch surety offices nationwide.

Mr. Finkelstein most recently served as senior vice president and chief underwriting officer of Liberty Mutual’s surety department. -Datamonitor NewsWire


Sector: Insurance | Comments Off
Monday, May 3, 2010

W.R. Berkley Appoints Dale H. Pilkington

W.R. Berkley announced that the formation of Dale H. Pilkington has been named president of newly formed Verus Underwriting Managers, based in Richmond, Virginia.

Mr. Pilkington has more than 30 years of experience in the commercial insurance industry, with a primary focus on excess and surplus lines. He most recently served as president of the excess and surplus lines segment of a major insurer. -Business Wire


Sector: Insurance | Comments Off
Friday, April 30, 2010

AXA Appoints Henri de Castries and Denis Duverne

AXA announced that during their annual shareholders’ meeting, the newly elected board of directors approved the appointment of Henri de Castries as chief executive officer and Denis Duverne as deputy chief executive officer.

de Castries (formerly chairman of the management board) was also elected as chairman.

Duverne (formerly the member of management board in charge of strategy, finance and operations) was elected as a new board member. -PR Newswire


Sector: Insurance | Comments Off
Tuesday, April 27, 2010

Sapers & Wallack Appoints Scott Muir

Sapers & Wallack appointed Scott Muir as vice president of business development.

Muir has more than 25 years of management, sales and service experience. Most recently, he served as vice president of sales and business development at Bowne & Co.


Sector: Insurance | Comments Off
Next Page »