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Travelers reveals Q4 earnings | Insurance Business

For the fourth quarter of 2019, Travelers Companies said that its earnings increased – despite a progressively challenging tort environment. The company’s profit for Q4 2019 was $873 million ($3.35 per share), an increase from $621 million ($2.32 per share) for Q4 2018. Travelers total revenue, including investment income, rose …

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Charles Taylor takeover sealed | Insurance Business

It’s official: London-headquartered Charles Taylor Plc is now owned by LMP Bidco. The sale’s scheme of arrangement under Part 26 of the Companies Act has become effective following the delivery of the court order to the Registrar of Companies on January 21. Under the scheme, which was sanctioned by the …

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Acentria announces executive leadership promotions

Independent insurance agency Acentria has announced executive leadership promotions. The promotions help leverage Acentria as it continues to experience significant growth and expansion, the company said. Effective immediately, Kendall McEachern (pictured above), co-founder of Acentria Insurance, will serve as chairman of the company’s board of directors. McEachern, who has 35 …

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Marsh taps industry veteran for financial institutions practice

Marsh has announced the appointment of Jacqueline Quintal (pictured) as a managing director in its US financial institutions practice. In her new role, Quintal will deliver transactional and risk advisory solutions to Marsh’s financial institution clients throughout the US. Quintal has more than 15 years of industry experience. She will …

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Chubb names new COO for North America accident and health operations

Chubb has named Suresh Krishnan as chief operating officer of the company’s accident and health business in the US and Canada – a newly created role. As COO of the North America accident and health business, Krishnan will assist in overseeing the day-to-day operations of the unit. He will also …

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Liberty taps industry veteran for reinsurance team

Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has announced the appointment of Susan E. Burke (pictured) as vice president and director of assumed reinsurance in its casualty treaty department. Burke will be based in Stamford, Conn., and will report to Thomas Greene, head of US casualty …

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Marsh introduces enhancements to real estate insurance solution

Marsh has added several coverage enhancements to ZMAX, the company’s commercial real estate insurance program. ZMAX Plus now has more than 30 property, casualty, environmental, management liability, and cyber liability coverage forms thanks to the enhancements. The program, underwritten by Zurich North America, is a single-carrier comprehensive solution that helps …

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Protests, telemedicine among trends to watch in 2020

The fallout from protests such as global environmental movement Extinction Rebellion and the increasing popularity of telemedicine are two of the major trends expected to impact the insurance industry this year, according to law firm RPC. This week, RPC launched its Annual Insurance Review, which highlights key focus areas for …

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CRU Group bolsters US leadership team

CRU Group has announced the appointment of Adam Norman as vice president for its Northeast Region. In his new role, Norman will be responsible for CRU Group’s operational service delivery and client relationships in the region. He will report to David Repinski, US CEO of CRU Group. “Adam has a …

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AssuredPartners expands Florida presence | Insurance Business

AssuredPartners has announced the acquisition of Florida-based Star & Shield Insurance Services. The Star & Shield agency currently reports $2 million in annualized revenue. Its employees will remain under the operational leadership of Frank Russo and Allyson Olver. Star & Shield Insurance Services delivers insurance products to first responders, their …

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