Ace USA endorses catastrophe crisis management products
with up to $2.5 million in additional aggregate limits for
eligible insureds. Also expands services to include, among
other things, emergency medical evacuation, independent lab
costs to determine cause of illness related to food
contamination, costs of engineers or other professionals needed
in rescues, and costs to secure scene of catastrophe.
Endorsement designed for companies with Ace Excess Casualty
policies attaching over primary GL or retention of $5 million
or higher. >> Ace USA promotes Mitchell Schmidt to SVP
and regional exec for Northeast, based in Boston. He was SVP,
national underwriting officer for Ace USA’s Custom
Casualty and Public Entity and has been in multiple senior
underwriting roles at Ace since 2003. He’ll set strategic
direction for the region. Succeeds Karen Sother, who moves up
to new global position, change management officer for
acquisitions for Ace Group. >> Kelley Kinsella named as
SVP, regional executive officer for Ace USA Midwest, based in
Chicago. She was SVP, West, at Ace USA Global Property and
Specialty Lines. She succeeds Scott McKeon, who as named SVP,
Distribution Management, Ace USA, which works on national basis
Chartis adds crisis response coverage to aviation
policies for corporate customers. Provides access to immediate
funds for crisis management costs in catastrophes. Up to
$250,000 additional limits available for costs of hiring crisis
management firm for reputational risk, temporary living,
travel, counseling, and more.
Construction unit promotes Peter Fritz to regional VP,
Completes acquisition of HSBC’s p-c business in
Hong Kong and Singapore. Launches p-c bancassurance
partnerships with HSBC in those countries, with distribution
agreements in China, India and Indonesia to come, as part of a
March 2012 10-year exclusive distribution agreement.
Axa’s business plan calls for major expansion in Asia by
2015. The HSBC deal makes Axa largest p-c insurer in Hong Kong
and second-largest in Singapore. >> Budgets $60 million
over three years for expansion in Axa Insurance Gulf, serving
the Mideast. Had 25% premium growth in first-half 2012.
Jack Donehue returns to company as COO. He will oversee
healthcare provider education, marketing, risk management and
underwriting, as well as Coverys Insurance Services, the
company’s Lansing, Mich.-based insurance agency. >>
Michael Kubik promoted to SVP of marketing for the company.
Offers workers comp through Paychex to small businesses that
process payroll through the outsourcing firm.
Responds to threat of lone-wolf incidents at hospitals
and large healthcare facilities with Solo Strike Liability, a
liability product that also provides immediate crisis
management. $50 million standard limits with up to $100 million
available. Primary coverage.
Names Linda Hummel president of Employer Group Division in
Texas. She will oversee commercial ops and products, including
HMOs, PPOs, self-insureds, POSs, group Medicare, specialty
benefits, and wellness program HumanaVitality. She was market
president for commercial ops in south and central Texas.