Rolls out management liability suite, Execprotect, for cannabis companies. Admitted in California and Arizona, but available nationwide. Includes D&O, EPLI, and fiduciary liability. Limits up to $3 million.
Hires David Robinson as managing director and member of group executive committee. He joins from The Hartford and is based in London.
Enters Poland with acquisition of majority stake in Alfa Brokers, a commercial and employee benefits shop founded in 1991 and operating in western Poland. Leadership and team remain.
Promotes Mike Mulvey to EVP and construction practice leader in Northeast, based in New York. >> Adds VP of national casualty to Zach Burdine’s remit. He continues as RPS area president in Texas. >> RPS Signature Programs rolls out real estate appraisers E&O program with General Star National Insurance Company (GenStar). Available to quote and bind online through RPS’s small-business platform. $1 million/$2 million, admitted nationwide except Alabama, Louisiana, New York and West Virginia.
Hires Kimberly Fletcher as senior director for benefits and retirement. She moves from Nasdaq, where she was assistant VP for global benefits.
Hires Simon Chandler as head of reinsurance broking, programs and binders for Australia, New Zealand and Pacific Islands. Based in Sydney, he moves from Brokers Online Re. >> Richard Laird hired as partner responsible for innovative placements and structures in U.S., Canada, U.K. and Europe. Based in London, he joins from Ed Broking.
Enters strategic investment partnership with Peloton Capital Management, a private equity firm based in Toronto. Remains privately held and majority employee-owned, but PCM gains minority ownership stake.
Hires Ed Day as head of international property, based in London. He moves from Aon. >> Promotes Tammy Richardson to Europe regional leader for insurance consulting and technology business.
Plans to rebrand SAFG Retirement Services as Corebridge Financial when it is spun out as a public company. SAFG is parent of AIG’s life and retirement business, which is going to be a stand-alone company.
Allianz Global Corporate & Specialty (AGCS) hires Vanessa Maxwell as global head of financial lines, succeeding Shanil Williams, who was promoted to chief corporate underwriting officer. Maxwell moves from Berkshire Hathaway Specialty Insurance. >> AGCS promotes Tresa Stephens to regional head of cyber, tech and media in North America.
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