This brand-new company, founded by Humana former execs Waleed Bahouth and Erik Anderson, will offer health benefits to businesses with fewer than 50 employees. The fixed-budget plan allows employers to offer benefits administered by Arrow. It has 45 clients for 2023 and plans to add telehealth, behavioral health, and pet insurance.
Opens miscellaneous professional liability practice, which provides stand-alone coverage on primary and excess basis. Also offers cyber and media liability and tech E&O. Limits up to $5 million. Headed by Todd Cusano.
Forms group captives unit in primary casualty sector in the Americas and hires Mark Benz as head of that business. He moves from AIG. Joseph Davina also joins from AIG as underwriting manager for the unit.
Launches Axis Wholesale led by Carlton Maner, who retains responsibilities as head of U.S. Division. New division comprises property E&S; primary and excess casualty; programs; design professionals and environmental lines; wholesale broker-created commercial management solutions, headed by Nathan Fisk; and financial institutions coverage, headed by Christina Geller, who reports to Doug Wordekemper, named head of Axis Wholesale financial lines. Other appointments to be announced in next few months. >> Promotes Dan Draper to group chief underwriting officer, a newly formed position. >> Now offers cyber and professional liability insurance for small and midsize businesses on admitted and non-admitted basis. Targets entities with up to $2 billion in revenue.
Rebrands product recall business as Berkley Product Protection and expands offerings to include product liability, GL, and excess liability coverage on admitted basis beginning Jan. 1. Luis Rivera remains at helm, supported by SVP and product liability chief underwriter Ken Shoop (hired from The Hartford) and SVP and chief claims officer Allison Daly (previously with Marsh McLennan).
Promotes Rob Romeo to head of claims for North America, a newly created post. Promotes Andy Barberis into Romeo’s old role as head of U.S. healthcare and casualty claims as well as global surety claims. >> Introduces property, GL, D&O, professional indemnity and marine cargo in Spain as part of expansion in that market.
Rolls out Forefront Portfolio, a suite of management liability products for private, nonprofit and healthcare entities. Up to $25 million in limits.
Stops writing reinsurance and will lay off about 65 employees. EMC Re posted a combined ratio of 125.3. Runoff management options being explored.
Now offers Retirement Gateway for Small Business, a program targeting 401(k) plans with up to $500,000 in account value.
Everest Insurance now offers suite of group personal accident coverages for schools, youth sports, associations and volunteer organizations. >> Hires Catherine Rudow as global head of cyber reinsurance, a newly created post. She moves from Nationwide E&S and will be based in New Jersey.
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