INSURICA has acquired Texas insurance agency, Meyers-McComis Inc. With offices in Bridgeport and Kilgore, MMI will continue INSURICA’s expansion into Texas. Terms of the deal were not disclosed.
Launches Lloyd’s Syndicate 2019, the largest ever at Lloyd’s. Will reinsure risks from AIG’s Private Client Group and be managed by Talbot Underwriting, which AIG acquired in 2018 when it bought Validus. >> Thomas Leonardi has left AIG, saying in a LinkedIn post he would “be taking some down time.” He joined AIG in 2017 after serving as Connecticut insurance commissioner.
Hires Scott Kreuzer as senior managing director for the Americas. He moves from Axis Re, where he was SVP and head of North American casualty and London casualty.
Hires Jonathan Zaffino as group president. He moves from Everest Re, where he was head of insurance operations.
AXA XL Risk Consulting responds to COVID-19 with Remote Risk Dialogue, a data analysis service that provides risk managers, underwriters and brokers with updated view of exposures for policyholders who have changed, expanded or reduced production or operations during COVID-19 crisis. Captures data from telephone calls, web interactions and existing information. >> Nancy Bewlay promoted to chief underwriting officer. Joe Tocco promoted to CEO Americas. AXA XL CEO Scott Gunter is serving as interim CEO for Eurasia. General Counsel Sean McGovern adds temporary CEO duties for U.K. and Lloyd’s market to his plate.
Axis Insurance hires Michael Carr as head of U.S. excess and surplus property. He moves from Ethos Specialty Insurance Services, where he was EVP and head of property.
Introduces Voluntary Benefits Simplified, a flexible package bundling hospital indemnity, critical illness rider, AD&D rider and accident rider into single-certificate, single-bill unified plan. Employer may also add short-term disability, outpatient cancer, or additional group life benefit. >> Launches stand-alone product recall solution for U.S.-domiciled companies. Underwriting team for coverage moves from Chubb: Florian Beerli (product lead) and underwriters Angela Ives, Jae Pak and Alex Marti, all based in Connecticut. >> Receives approval from Malaysia to market and underwrite in the country under Beazley Labuan moniker. Classes include financial lines, cyber, political risk, terrorism and marine. >> Bethany Greenwood promoted to global head of cyber and executive risk, effective July 2020. She succeeds Mike Donovan, who is retiring.
Rolls out two new policies expressly tailored for U.K. financial institutions: Professional First Financial Institutions Civil Liability Insurance and Executive First Financial Institutions D&O Liability Insurance. Both include crisis management and investigations cover. >> Now offers management liability and association liability policies in New Zealand and professional technology liability insurance in Australia for tech firms.
Now offers U.S. transportation product for commercial auto physical damage and motor truck cargo. New team joins from Neon Underwriting to lead product’s underwriting: Simon Christensen and Natalie Moon.
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