Chartered Property Casualty Underwriter

 Steve Jennings to Spearhead New Dedicated Real Estate Practice for AmTrust

Retrieved on: 
Monday, October 31, 2022

AmTrust Financial Services, Inc. (AmTrust or the Company), a global specialty property and casualty insurer, today announced that Steve Jennings has joined the company as Senior Vice President, Underwriting, to oversee its Nonprofits Practice, as well as a newly created dedicated Residential Real Estate Practice.

Key Points: 
  • AmTrust Financial Services, Inc. (AmTrust or the Company), a global specialty property and casualty insurer, today announced that Steve Jennings has joined the company as Senior Vice President, Underwriting, to oversee its Nonprofits Practice, as well as a newly created dedicated Residential Real Estate Practice.
  • View the full release here: https://www.businesswire.com/news/home/20221031005120/en/
    Our new dedicated Residential Real Estate Practice will focus on the unique risk management needs of the owners and managers of residential properties, ranging from small apartment buildings to nationwide portfolios, said Jeff Duncan, Executive Vice President, Commercial Lines.
  • Our launch of this group, with Steve Jennings in the lead, underscores AmTrusts long-term commitment to residential real estate professionals and the agents who serve them.
  • Jennings joins AmTrust with deep experience in residential real estate, human services, and other niche businesses.

Milliman launches enhanced retirement security projection tool to measure retirement readiness

Retrieved on: 
Wednesday, October 19, 2022

SEATTLE, Oct. 19, 2022 /PRNewswire/ -- Milliman, Inc. today announced that it has launched an enhanced retirement security projection tool available to participants in Milliman-administered retirement plans. The Retirement Income Security Evaluation (RISE) Score™, developed by Milliman, helps participants understand how well they are prepared for financial risk in retirement.

Key Points: 
  • Newly enhanced RISE Score incorporates inflation, longevity, and market and withdrawal behaviors
    SEATTLE, Oct. 19, 2022 /PRNewswire/ --Milliman, Inc. today announced that it has launched an enhanced retirement security projection tool available to participants in Milliman-administered retirement plans.
  • The Retirement Income Security Evaluation (RISE) Score, developed by Milliman, helps participants understand how well they are prepared for financial risk in retirement.
  • The RISE Score goes beyond calculating monthly retirement income by projecting financial risks in retirement, such as inflation, longevity, healthcare, markets and withdrawal behaviors.
  • "We are excited to leverage our actuarial expertise to bring this next generation projection tool to Milliman clients."

Distinguished Programs Adds Linda Picha and Beth Fulton to Sales Executive Roles

Retrieved on: 
Tuesday, October 18, 2022

NEW YORK, Oct. 18, 2022 /PRNewswire/ -- Distinguished Programs, a national insurance program manager, today officially announces the additions of Linda Picha and Beth Fulton as Regional Sales Executives. Picha will manage broker relationships in the mid-Northwest territory including Iowa, Idaho, Kansas, Minnesota, Missouri, Montana, North Dakota, Nebraska, South Dakota & Washington; while Fulton will be responsible for the South-Central states including Arkansas, Louisiana, Oklahoma, and Texas.

Key Points: 
  • NEW YORK, Oct. 18, 2022 /PRNewswire/ -- Distinguished Programs, a national insurance program manager, today officially announces the additions of Linda Picha and Beth Fulton as Regional Sales Executives.
  • "We're proud to have someone of Beth and Linda's caliber join our team," noted Kurt Meister , Senior Vice President of Business Development at Distinguished Programs.
  • Picha joins Distinguished with over 30 years' insurance experience, with her most recent position as Sales Manager and Producer at Risk Placement Services.
  • Distinguished Programs is a leading national insurance program manager providing specialized insurance programs to brokers and agents with expertise in Real Estate, Community Associations, Hotels, and Restaurant insurance .

Charlie Graham Joins Risk Strategies Growing Private Client Services Practice

Retrieved on: 
Thursday, September 22, 2022

Graham will be responsible for the leadership of Risk Strategies Private Client Services business in New England, which includes growth-focused initiatives and enhancing the firms collaborative culture.

Key Points: 
  • Graham will be responsible for the leadership of Risk Strategies Private Client Services business in New England, which includes growth-focused initiatives and enhancing the firms collaborative culture.
  • Charlies tremendous expertise in designing comprehensive protection for successful individuals and their families will enhance our overall client experience, said Alison Murphy, managing director and national practice leader, Private Client Services at Risk Strategies.
  • Risk Strategies has made a commitment to investing in dedicated specialists that support their specialties, including those in Private Client Services, said Graham.
  • Risk Strategies is a specialty national insurance brokerage and risk management firm offering comprehensive risk management advice and insurance and reinsurance placement for property & casualty, employee benefits, and private client services risks.

Blitz Tackles Growing Cannabis Insurance Market with Verisk Solutions

Retrieved on: 
Wednesday, September 21, 2022

Blitz, which insures cannabis and other hard-to-place or underserved, small-to-medium sized businesses, is implementing a variety of Verisk solutions to help boost efficiency and support profitable growth.

Key Points: 
  • Blitz, which insures cannabis and other hard-to-place or underserved, small-to-medium sized businesses, is implementing a variety of Verisk solutions to help boost efficiency and support profitable growth.
  • We believe theres a faster, simpler, and smarter way to get specialty coverage and serve more customers, said Cliff Karlin, president of insurance, Blitz.
  • Blitz is using several Verisk solutions, including:
    LightSpeed Small Commercial: With just a business name and address, Blitz is able to integrate data and analytics from Verisks LightSpeed into a simple, end-to-end insurance platform for brokers.
  • Blitz is demonstrating how an efficient, digital-first strategy, centered on excellent agent and customer experiences, can disrupt the market for specialty businesses, said Neil Spector, president of underwriting solutions at Verisk.

Richmond National Appoints Ashlee Randall as Chief Underwriting Officer

Retrieved on: 
Tuesday, September 20, 2022

RICHMOND, Va., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Richmond National Group, Inc. and its affiliates(Richmond National) today announced the appointment of Ashlee Randall as Chief Underwriting Officer.

Key Points: 
  • RICHMOND, Va., Sept. 20, 2022 (GLOBE NEWSWIRE) -- Richmond National Group, Inc. and its affiliates(Richmond National) today announced the appointment of Ashlee Randall as Chief Underwriting Officer.
  • Ms. Randall has a strong track record across a broad range of excess and surplus lines insurance underwriting as well as significant startup experience.
  • Joe Kavanagh, Richmond Nationals President and Chief Executive Officer, stated, We are very excited to welcome Ashlee to the team.
  • Richmond National Group, Inc. is the holding company for Richmond National Insurance Company, a specialty excess and surplus lines insurance company serving select wholesale brokers across the country.

Federato, First Solution To Unify Insurance Underwriting And Portfolio Management, Announces $15M Series A Investment

Retrieved on: 
Monday, September 19, 2022

SAN FRANCISCO, Sept. 19, 2022 /PRNewswire/ -- Federato, the insurance industry's first "RiskOps" platform, which aligns portfolio strategy and underwriting action, today announced it has raised $15M in Series A funding, led by Emergence Capital, the investors behind Salesforce, Zoom, Veeva, Box and other SaaS leaders, with participation from Caffeinated Capital and Pear. Other backers include Niranjan 'Niji' Sabharwal, Cofounder and CEO, AgentSync; and John Raguin, Cofounder and former CEO, Guidewire. Federato's investors collectively have more than $50B in assets under management and over $500B in exits.

Key Points: 
  • Federato uses reinforcement learning-based AI to provide a dynamic, unified view of risk selection data, portfolio strategy, underwriting rules, and goals directly within the underwriting workflow.
  • Federato's highly configurable platform can be implemented in 8 to 12 weeks, versus the 12 to 24+ months typically required with insurance enterprise software.
  • Federato's industry-first RiskOps platform for Property & Casualty and Specialty insurance aligns portfolio strategy with underwriting action.
  • Designed by underwriters for underwriters, the solution drives better underwriting decisions, productivity, and results by operationalizing underutilized data investments to surface real-time risk and portfolio insights.

RegEd to Exhibit Next-Generation Agency Contracting Solution at 2022 InsureTech Connect Conference

Retrieved on: 
Friday, September 16, 2022

Raleigh, NC, Sept. 16, 2022 (GLOBE NEWSWIRE) -- RegEd will present its next-generation Xchange Agency Contracting solution at the 2022 InsureTech Connect (ITC) Conference .

Key Points: 
  • Raleigh, NC, Sept. 16, 2022 (GLOBE NEWSWIRE) -- RegEd will present its next-generation Xchange Agency Contracting solution at the 2022 InsureTech Connect (ITC) Conference .
  • Xchange Agency Contracting automates agency and agent onboarding and credentialing, providing a seamless, frictionless process:
    Best-in-class capabilities connect contracting, licensing, appointment, registration and CE/training and ongoing maintenance of credentials.
  • The appropriate contracting package is automatically generated and presented based on agency data to reduce data entry.
  • To learn more about how Xchange Agency Contracting drives high efficiency in agency and agent contracting, visit RegEd at booth #2377 the 2022 ITC Conference or schedule a demonstration.

Alliant Insurance Services Adds David Liebes to San Francisco Team

Retrieved on: 
Tuesday, September 6, 2022

Alliant Insurance Services has hired David Liebes as Senior Vice President within its San Francisco office.

Key Points: 
  • Alliant Insurance Services has hired David Liebes as Senior Vice President within its San Francisco office.
  • His arrival on our San Francisco team continues to strengthen our regional presence as we expand our reach and services.
  • As part of the Alliant team, Liebes will provide a full range of insurance and consulting services to clients across a range of industries.
  • Alliant Insurance Services is one of the nations leading distributors of diversified insurance products and services.

Ping An Reports Steady YoY Growth of 4.3% in Operating Profit Attributable to Shareholders of the Parent Company in 1H2022

Retrieved on: 
Tuesday, August 23, 2022

HONG KONG and SHANGHAI, Aug. 23, 2022 /PRNewswire/ -- Ping An Insurance (Group) Company of China, Ltd. (hereafter "Ping An", the "Company" or the "Group", HKEX: 2318; SSE: 601318) today announced its 2022 interim results for the six month period ended 30 June 2022.

Key Points: 
  • Ping An achieved an annualized operating ROE of 20.4% in the first half of 2022, with operating profit attributable to shareholders of the parent company rising 4.3% year on year to RMB85,340 million.
  • Net profit attributable to shareholders of the parent company increased 3.9% year on year to RMB60,273 million.
  • Operating profit of the life and health insurance business rose 17.4% year on year to RMB58,993 million in the first half of 2022.
  • Ping An's retail operating profit increased 9.0% year on year to RMB75,437 million in the first half of 2022, accounting for 88.4% of its operating profit attributable to shareholders of the parent company.