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ACE
Ace Risk Management forms national transportation industry segment to deliver primary casualty products to the sector. David Brown is leader and is based in New York City. >> Stephen Dinsdale appointed chairman of Ace USA Aerospace. He will continue to serve from New Orleans. Jerry Ruth will take Dinsdale’s former position as SVP for Ace USA Airports & Special Risks. He had been serving as VP in that unit.
www.acegroup.com

AETNA
where DataIslandContentID = 18387 Re-branding campaign underscores its change from an insurance carrier to a “health solutions” company. >> Will pay doctors in practices that qualify as patient-centered medical homes extra compensation each month. Program begins in Connecticut and New Jersey. The concept is similar to the accountable care idea imbedded in healthcare reform.
www.aetna.com

AIG
Chartis U.S. Accident and Health and American General Life Cos. are merging group benefits units under newly formed AIG Benefit Solutions. It will offer nearly two dozen products and programs, many available under both employer-funded and voluntary, employee-paid platforms. Two divisions planned: U.S. Employee Benefits for group and individual plans; and U.S. Affinity Benefits for affinity groups. Curtis Olson heads AIG Benefit Solutions, based in Neptune, N.J. He had been president and CEO of American General Benefit Solutions since June 2011. Before that, he was president and CEO of ING Life Insurance Korea. Integration of the units will take place in three phases throughout 2012.    
www.aig.com

ALTERRA
Receives regulatory approval to open reinsurer in Brazil. Carlos Caputa, CEO of Latin American operations, will be CEO of new company.    
www.alterracap.com

AXA
Axa Assurances Algerie has begun operations with joint venture partners Banque Exterieure d’Algerie and the National Investment Fund. Offering life and non-life for business and commercial.    
www.axa.com

CHARTIS
Reorganizes based on regional alignment. Replaces four geographic regions with three: Americas; Asia; and Europe, Middle East, Africa (EMEA). Three countries in each region have strategic significance for business: Brazil, Mexico and Colombia; Vietnam, Indonesia and China; India, Turkey and the United Arab Emirates. Emerging economies represent about 10% of Chartis’s net premium written. That’s expected to grow to about 15% by 2015. Robert Schimek moves from CFO to president and CEO of EMEA. James Bracken succeeds him as CFO. Peter Eastwood is president and CEO of Americas. Jose Hernandez is president and CEO of Asia. Alexander Baugh, who was president and CEO of Europe, is now corporate chief risk officer.    
www.chartisinsurance.com

CIGNA
Forms New York’s first accountable-care organization-styled entity involving a health plan and physicians group. The collaborative medical home initiative, done in partnership with Weill Cornell Physician Organization, will operate similarly to the ACOs outlined in healthcare reform law of 2010. Cigna formed the same type of entity with Partners in Care in New Jersey in December. The groups are networks of healthcare providers that receive additional compensation to improve outcomes and reduce medical costs. Cigna now operates 11 ACOs in 10 states. The first was launched in 2008 in New Hampshire.
www.cigna.com

ENDURANCE SPECIALTY
Promotes Mark Boland to SVP, primary casualty. He is based in NYC reporting to Steven Dresner, head of specialty operations for U.S. wholesale insurance.
www.endurance.bm

FIREMAN’S FUND
Juliene Conway hired as chief marketing officer, succeeding Eleanor Barnard, who is retiring but will remain available for special projects as needed. Conway has held senior marketing positions at Wells Fargo Funds Management, Wachovia Evergreen Investments, Ameriprise Financial, Fidelity Investments and HSBC.
www.firemansfund.com

FM GLOBAL
Promotes Rod Fisher to SVP of underwriting and reinsurance. He is based in Johnston, R.I., headquarters. He was SVP and manager of the insurer’s U.S. Central Division.
www.fmglobal.com

HANOVER
Enhances small commercial with deployment of 60 new underwriters in local markets nationwide. More will be added throughout the year. The additions follow enhancements to suite of small-commercial products and the launch of a customizable quote proposal for the small-business niche.    
www.hanover.com

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