People & Places
FM Global appointed Randall Schreitmueller to a newly created position at the company: vice president, manager of broker relations. In this role, Schreitmueller is responsible for providing the company with support to maximize the development of broker relationships on a global level as well as championing the voice of the broker within FM Global and providing central leadership in the company.
Russell Findlay was appointed as head of marketing for Hiscox USA. Findlay has more than 20 years of marketing experience and will be based out of the copany's New York office.
New Programs
Privilege Underwriters Reciprocal Exchange, an insurer that caters exclusively to high net worth individuals, will offer customized, comprehensive property and casualty insurance to homowners in the state of Virginia, where the number of million dollar homes has increased by nearly 500 percent since the year 2000.
All Risks Ltd.'s South Central offices designed a Downhole Specialty Rental Tool insurance product for Lost in Hole. The coverage is available to oil and gas contractors and operatiors, equipment rental companies, marine contractors and the alternative energy industry.
The Chubb Group of Insurance Cos. will provide access to a travel risk management website to eligable personal, commercial and accident insurance customers. The online portal will be managed by Europ Assistance and will include country and city risk ratings, real-time security alerts, local health, safety and security reports, travel mitigation tips, transportation information as well as several other tools to manage medical incidents that may occur during travel.
Mergers & Acquisitions
AssuredPartners Inc. acquired Stoutamire-Pavlik & Assocs. Inc., an independent insurance firm located in Monticello, Fla.
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