Accident and Health
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Appointments include leadership in transportation, energy, marine and others. -
The former Everest executive has more than 30 years of A&H experience.
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The market is also facing potential losses from injuries to NFL stars.
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The US sports disability market has been dubbed the “problem child” due to its volatility.
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey.
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The new suite of coverages is designed to meet the unique needs of healthcare organizations.
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The unit – which will serve both large healthcare providers and smaller clinics and private practices – will work alongside carriers including CNA and Chubb.
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Stephen Hitch, senior vice president of underwriting at Xchange Benefits, will lead the new MGU.
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Corbett had been with Axa XL since 2016, most recently serving as CUO for life and A&H.
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The transaction will near-double the size of Chubb’s A&H book and increase its Asia premium from $4bn to $7bn.
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Steve Paraboschi succeeds current CEO Brian Barwick who is staying on in the role of executive advisor.
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The report showed the impact of the pandemic on A&H and documented a drop in claims for neoplasms.
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Arch Insurance has named Jim Villa as a senior vice president of strategy and distribution at the carrier’s accident and health (A&H) business unit.
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Pressure is growing from Lloyd’s underwriters on A&H coverholders, which often attract high commissions.
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Nicole Bennett was previously chief of staff at the insurance group.
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This week the team looks at the final throes of lawsuit activity connected to Irma claims and new entries into the A&H sector.
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At least one insurer, Chubb, has paused quoting casualty cover for new healthcare clients.
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The acquisition follows a $400mn debt issue from Beach parent Acrisure last year to finance M&A.
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The US carrier is selling to a Swedish investment company focused on Nordic healthcare assets.
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The company has created a new management committee as it refocuses on disciplined underwriting.
