Pioneer Underwriters (Pioneer) has been approved as a coverholder at Lloyd's for Excess and Surplus Casualty lines. Licensed to do business in 50 states, Pioneer will focus on non-admitted primary Commercial General Liability (CGL), Products Liability and Owners & Contractors Protective (OCP) and Excess Liability in lower layers. Excess Casualty will be written with capacity of up to $5 million, throughout the U.S., offering various deductible or self-insured retention options. Coverage parameters will include ISO forms and endorsements and will provide dedicated underwriting solutions for target classes of business; such as specialty contractors, service operations, and manufacturing.
The Aresty Institute of Executive Education at the Wharton School of the University of Pennsylvania and Chubb Personal Insurance have awarded the first Certified Advisor of Personal Insurance (CAPI) designations to 37 agents and brokers. Created by Wharton and Chubb in 2014, the CAPI program helps agents and brokers serve as trusted advisers to high-net-worth clients. Program participants must complete 12 months of study and a project to demonstrate their mastery of the curriculum. The agents and brokers in CAPI's first graduating class work for a variety of organizations, ranging from major global and regional brokerages to small-town, family-owned independent agencies across the U.S.
Marsh & McLennan Companies, Inc. will announce third quarter 2015 results on Tuesday, October 27, 2015, in a news release to be issued before the market opens. The release will also be available on the Marsh & McLennan Companies website. President and CEO Dan Glaser and CFO Mike Bischoff will lead a discussion with investors regarding financial results at 8:30 a.m. Eastern time on October 27. The discussion will include a question-and-answer period. To participate in the teleconference, please dial 1-800-500-0920. Callers from outside the U.S. should dial 1-719-457-2646. The access code for both numbers is 520888. The live audio webcast may be accessed at www.mmc.com. A replay of the webcast will be available approximately two hours after the event.
AssuredPartners of New Jersey has acquired Wilson H. Flock Insurance (Flock), Inc. based out of Wyoming, Pa. The agency specializes in coverage for individuals, businesses, and life insurance products. Wilson H. Flock Insurance, Inc. reports approximately $1.4 million in revenues. As part of the acquisition, 14 Flock employees will join AssuredPartners.
Assurant Specialty Property has partnered with Flexdrive to provide insurance coverage for vehicles in its on-demand car program, which is currently available in Atlanta, Dallas, Austin and Nashville. Drivers in these areas will now have worry-free access to a car anytime they want, for any purpose. Flexdrive offers a fresh alternative to traditional car ownership—a weekly or monthly subscription that gives members access to everything they need to get on the road without a care. With Flexdrive, drivers get the car of their choice, maintenance, roadside assistance, and Assurant Specialty Property insurance—all included in the subscription fee. Members can also use the mobile app to easily reserve and switch out cars as their needs change.
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Trudy Knockless
Trudy Knockless is a reporter on ALM Media's Business of Law desk. She has a background serving legal and insurance publications. Contact her at [email protected] or on LinkedIn at Trudy Knockless.
