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