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AssuredPartners snaps up Nevada agency

AssuredPartners has announced the acquisition of Nevada West Business Insurance Agency, a Las Vegas-based firm. “Having Nevada West join AssuredPartners is a fantastic fit for our Nevada marketplace,” said Greg Van Ness, AssuredPartners regional president. “They have expertise in commercial insurance that is a welcome addition. This partnership will continue …

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Mortgage insurance: What is it, why you need it, and how much it costs

Mortgage insurance: No one tells you about the benefits PMI (private mortgage insurance) is usually required if you put less than 20 percent down on a house. It protects your mortgage lender in case you default on the loan.  Many homebuyers try to avoid PMI at all costs. Why? Because …

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GEICO promotes two executives to new roles

GEICO’s board of directors has elected Marouf Ahmed and Connie Lynch as new officers. Ahmed was named assistant vice-president of management development and Lynch was named assistant vice-president of claims legal. Ahmed joined GEICO in 2003 as a sales agent based in Woodbury, NY. He was later promoted to sales …

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Swiss Re Corporate Solutions taps new claims chief

Swiss Re Corporate Solutions has announced the appointment of Marc Scheidegger (pictured) as chief claims officer. Scheidegger will assume the role on June 01, subject to regulatory approval, and will join the Swiss Re Corporate Solutions executive committee. He will relocate from Paris to Zurich and will report to CEO …

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HDI Global Specialty SE names head of airline

HDI Global Specialty SE has promoted Frida Kangasniemi (pictured) to the position of head of airline. As head of airline, Kangasniemi and her team will underwrite the worldwide airline portfolio of HDI Global Specialty SE from their office in Stockholm, Sweden. Kangasniemi replaces Thomas Broms, who retired as head of …

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California Consumer Privacy Act: How does it impact insurance?

The California Consumer Privacy Act (CCPA) is a new law that came into effect on January 01, 2020, which protects the rights of Californian consumers. As the strictest state-level privacy and data protection law in the US, the CCPA law sets a new bar for businesses that collect and share …

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Sompo GRS launches product for life sciences companies

Sompo International Holdings has announced that Sompo Global Risk Solutions (Sompo GRS) – a specialty provider of P&C insurance and reinsurance – is introducing a comprehensive product for the life sciences market. The new Sompo Life Science Plus offers coverage for various life science products. These include products used in …

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Markel International gives lift to wholesale leadership team

Carl Titterton (pictured), who has been with specialist insurer Markel International since April 2010, is now part of the wholesale leadership team in his new capacity as divisional managing director of trade credit, political risk, and surety (TCPRS). “During Carl’s 10 years at Markel, he has been invaluable in helping …

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Former Old Mutual CEO appeals against decision to overturn his reinstatement

Despite a Johannesburg court ruling that pan-African financial company Old Mutual Limited (OML) does not have to reinstate its former CEO, Peter Moyo, the ex-chief executive is looking to make it a long, drawn-out legal dispute by appealing the decision. Eric Mabuza, who serves as Moyo’s lawyer, confirmed with Reuters …

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Title Insurance For Mortgages : Explained In Plain English

What is title insurance? When you purchase a home, a document called the “title” states your right to own the property. Title insurance protects that right against anyone else who might try to claim ownership. There are two types of title insurance to be aware of:  Lender’s title insurance (required) …

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