News

Actuarial & underwriting

Medicare Supplement policyholders overcharged due to incorrect personal data

The Delaware Department of Insurance (DDI) has received dozens of complaints after Highmark Blue Cross Blue Shield (HBCBS) processed hundreds of customer birthdates incorrectly, leading to increased premiums for Medicare Supplement participants.   27 May 2020

Services

SRS names Paul Owens to its board

Strategic Risk Solutions has named Paul Owens as the latest addition to its board of directors.   26 May 2020

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Nicol & Co to host webinar to promote captives in The Bahamas

Actuarial and risk consulting firm Nichol & Co will host a webinar on the captive insurance industry in The Bahamas to promote the industry to local professionals and other service providers.   26 May 2020

Actuarial & underwriting

Nexus Specialty hires Bruce Simmons to beef up financial lines business

Nexus Specialty has hired Bruce Simmons as vice president of professional and management, as the MGA builds up its recently launched financial lines business.   26 May 2020

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Stan Loar named as chairman emeritus at Woodruff Sawyer

Stan Loar has been named as chairman emeritus of insurance brokerage Woodruff Sawyer.   22 May 2020

Accounting & tax analysis

Revenue-strapped states may look to raise money from captives, warns CICA tax panel

US states could increase their efforts to raise tax from captives in coming months as they seek to raise money to offset reduced revenues during the COVID-19 pandemic, according to Dan Kusaila, a tax partner at Crowe.   22 May 2020

Executive Appointments

Stockholders re-elect Marsh board of directors

Stockholders of Marsh & McLennan have elected the entire slate of 2020 director nominees for a one-year term.   22 May 2020

Actuarial & underwriting

R&Q hires Tom Solomon as CFO

Randall & Quilter Investment Holdings has appointed Thomas Solomon as group chief financial officer. R&Q confirmed Solomon will also be named on the board of directors later in the year.   21 May 2020

Law & regulation

Triple-I launches FAIR campaign to advocate for re/insurance industry

The Insurance Information Institute (Triple-I) has launched the Future of American Insurance & Reinsurance (FAIR) campaign to defend the re/insurance industry’s ability to manage risk on behalf of its clients.   20 May 2020

Actuarial & underwriting

AGCS names Catharina Richter as global head of its cyber center of competence

Catharina Richter has been named as global head of the cyber center of competence (CoC) at Allianz Group. She takes up her position on June 1.   20 May 2020

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