<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>April 2024 | Insurance Advocate</title> <atom:link href="https://www.insurance-advocate.com/category/2024/april-2024/feed/" rel="self" type="application/rss+xml" /> <link>https://www.insurance-advocate.com</link> <description>Since 1889</description> <lastBuildDate>Tue, 28 May 2024 18:01:25 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.7.2</generator> <item> <title>April cover</title> <link>https://www.insurance-advocate.com/2024/05/02/april-cover-2/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Thu, 02 May 2024 15:40:43 +0000</pubDate> <category><![CDATA[April 2024]]></category> <category><![CDATA[Covers]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14718</guid> <description><![CDATA[<p><img width="612" height="792" src="https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover.jpg 612w, https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover-232x300.jpg 232w, https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover-600x776.jpg 600w, https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover-500x647.jpg 500w" sizes="(max-width: 612px) 100vw, 612px" /></p>]]></description> <content:encoded><![CDATA[<p><img width="612" height="792" src="https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover.jpg" class="attachment-full size-full wp-post-image" alt="" decoding="async" srcset="https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover.jpg 612w, https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover-232x300.jpg 232w, https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover-600x776.jpg 600w, https://www.insurance-advocate.com/wp-content/uploads/2024/05/IA-APRIL-24-cover-500x647.jpg 500w" sizes="(max-width: 612px) 100vw, 612px" /></p>]]></content:encoded> </item> <item> <title>ShelterPoint Announces Leadership Succession</title> <link>https://www.insurance-advocate.com/2024/04/15/shelterpoint-announces-leadership-succession/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 15:17:57 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[Cover Story]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14684</guid> <description><![CDATA[<p><img width="637" height="849" src="https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover.jpeg" class="attachment-full size-full wp-post-image" alt="" decoding="async" srcset="https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover.jpeg 637w, https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover-225x300.jpeg 225w, https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover-600x800.jpeg 600w" sizes="(max-width: 637px) 100vw, 637px" /></p><p>As Richard White transitions to Executive Chairman of the Board, Leston Welsh steps up as CEO of ShelterPoint. Richard White, who has led ShelterPoint Life Insurance Company (ShelterPoint) as CEO since 2009, is moving into the role of Executive Chairman of the Board of Directors, with the company’s existing Chairman, Dr. Seth Goldberg, remaining on […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/shelterpoint-announces-leadership-succession/">ShelterPoint Announces Leadership Succession</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p><img width="637" height="849" src="https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover.jpeg" class="attachment-full size-full wp-post-image" alt="" decoding="async" srcset="https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover.jpeg 637w, https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover-225x300.jpeg 225w, https://www.insurance-advocate.com/wp-content/uploads/2024/04/cover-600x800.jpeg 600w" sizes="(max-width: 637px) 100vw, 637px" /></p><p class="p1">As Richard White transitions to Executive Chairman of the Board, Leston Welsh steps up as CEO of ShelterPoint.</p> <p class="p2">Richard White, who has led ShelterPoint Life Insurance Company (ShelterPoint) as CEO since 2009, is moving into the role of Executive Chairman of the Board of Directors, with the company’s existing Chairman, Dr. Seth Goldberg, remaining on the Board as a Director. Leston Welsh, who joined ShelterPoint as President last April, is now stepping into the CEO role effective the same day. This announcement follows a thorough and thoughtful succession planning process conducted by the company.</p> <p class="p2">“Serving as CEO at ShelterPoint has been a great honor and my favorite chapter of my career. Having gotten to know Leston over the time we have worked together, I am pleased that we found such a talented executive to take the lead as CEO. Leston has demonstrated a strong understanding of the culture that makes ShelterPoint a great organization, and I’m confident he will lead the company to even greater success over the coming years. I’m excited to expand my role on the Board where I’ll be able to support ShelterPoint during our next chapter of growth,” said Richard White.</p> <p class="p2">“I am honored by the Board’s decision. It’s a privilege to step into this role, and I look forward to ensuring a smooth transition together with our experienced management team and dedicated employees,” added Leston Welsh.</p> <p class="p2">Mr. Welsh brought a wealth of leadership experience from highly respected companies in the industry when he joined ShelterPoint – including Sun Life, Unum, Prudential, New York Life, and Teachers Insurance and Annuity Association of America (TIAA). Mr. Welsh is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries.</p>The post <a href="https://www.insurance-advocate.com/2024/04/15/shelterpoint-announces-leadership-succession/">ShelterPoint Announces Leadership Succession</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>GIMME SHELTERPOINT</title> <link>https://www.insurance-advocate.com/2024/04/15/gimme-shelterpoint/</link> <dc:creator><![CDATA[Steve Acunto]]></dc:creator> <pubDate>Mon, 15 Apr 2024 14:38:12 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[Foreword]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14716</guid> <description><![CDATA[<p>Anytime, especially the way they do business over there led by careful and thoughtful executive thinking and planning. Richard White, who has led ShelterPoint as CEO since 2009, moves up to the role of Executive Chairman of the Board of Directors, with the company’s existing Chairman, Dr. Seth Goldberg, remaining on the Board as a […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/gimme-shelterpoint/">GIMME SHELTERPOINT</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1"><b>A</b>nytime, especially the way they do business over there led by careful and thoughtful executive thinking and planning.</p> <p class="p3">Richard White, who has led ShelterPoint as CEO since 2009, moves up to the role of Executive Chairman of the Board of Directors, with the company’s existing Chairman, Dr. Seth Goldberg, remaining on the Board as a Director. <span class="Apple-converted-space"> </span></p> <p class="p3">Seth is the son of the Company’s Founder, Dr Donald Goldberg and has been on board since its early days as First Rehab. Leston Welsh, who joined ShelterPoint as President last April, is now stepping into the CEO role effective immediately.<span class="Apple-converted-space"> </span>Call it success succession planning. Credit Richard White for much of this – he is a model executive and leader. Leston Welsh has steered the ship handily and seems to be ready to take the New York— based resource to the new levels the Company has benchmarked.</p> <p class="p4"> <p class="p3">Richard’s quote was typically on the modest side: “Serving as CEO at ShelterPoint has<span class="Apple-converted-space"> </span>been a great honor and my favorite chapter of my career. Having gotten to know Leston over the time we have worked together, I am pleased that we found such a talented executive to take the lead as CEO. Leston has demonstrated a strong understanding of the culture that makes ShelterPoint a great organization, and I’m confident he will lead the company to even greater success over the coming years. I’m excited to expand my role on the Board where I’ll be able to support ShelterPoint during our next chapter of growth,”</p> <p class="p3">Leston’s<span class="Apple-converted-space"> </span>view “I am honored by the Board’s decision. It’s a privilege to step into this role, and I look forward to ensuring a smooth transition together with our experienced management team and dedicated employees.”</p> <p class="p3">Just as a reminder, Welsh brings a wealth of leadership experience ShelterPoint having served in key roles at top US brands Sun Life, Unum, Prudential, New York Life, and Teachers Insurance and Annuity Association of America (TIAA). He is a Fellow of the Society of Actuaries and a Member of the American Academy of Actuaries….and now CEO.</p> <p class="p4"> <p class="p3"><i>Congratulations, Richard and Leston.</i></p> <p>–SA</p>The post <a href="https://www.insurance-advocate.com/2024/04/15/gimme-shelterpoint/">GIMME SHELTERPOINT</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Finseca’s 2024 Hall of Fame Inductees Announced</title> <link>https://www.insurance-advocate.com/2024/04/15/finsecas-2024-hall-of-fame-inductees-announced/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 13:37:37 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[Industry News]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14714</guid> <description><![CDATA[<p>Finseca has announced that Anthony T. Mazzei, Sr., Chairman and Founding Partner at National Financial Network, an agency of The Guardian Life Insurance Company of America (Guardian); first-ever female inductee, Deb White, District Manager at Farm Bureau Financial Services; and Howard Cowan (recognized in memoriam), formerly with MassMutual, were honored with the prestigious Finseca Hall […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/finsecas-2024-hall-of-fame-inductees-announced/">Finseca’s 2024 Hall of Fame Inductees Announced</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Finseca has announced that Anthony T. Mazzei, Sr., Chairman and Founding Partner at National Financial Network, an agency of The Guardian Life Insurance Company of America (Guardian); first-ever female inductee, Deb White, District Manager at Farm Bureau Financial Services; and Howard Cowan (recognized in memoriam), formerly with MassMutual, were honored with the prestigious Finseca Hall of Fame Award at the Leaders and Managers Program (LAMP) 2024 in Denver, CO. Mazzei, White, and Cowan are being inducted into the 2024 Hall of Fame class because of their demonstrated commitment to leadership, mentorship, advocacy efforts, and improving the lives and financial security of countless clients.</p> <p class="p1">“We are thrilled to announce this year’s Hall of Fame class,” said Bonnie Godsman, Finseca’s President. “These three leaders exemplify the pinnacle of excellence in our profession. It is an honor and a privilege to commemorate their outstanding contributions. Their selfless dedication to serving their clients and communities as well as prioritizing others’ needs sets an inspiring example for us all.”</p> <p class="p1">These financial security professionals are not only experts at building world-class agencies or firms, but they also elevate the financial security profession by serving and educating their communities, championing professional development, and advancing the mission and work of the profession.</p> <p class="p1">Finseca’s Hall of Fame Award is regarded as the highest honor bestowed upon distinguished insurance and financial security leaders. Nominees were evaluated by the Hall of Fame Selection Committee, which assessed each nominee’s history and accomplishments in four categories:</p> <p class="p1">1 Advancing the art and science of agency/firm building.</p> <p class="p1">2 Advancing the mission and work of the financial services industry.</p> <p class="p1">3Enhancing the quality of public and private life.</p> <p class="p1">4 Promoting professional education in the financial services industry.<span class="s2"> [</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/finsecas-2024-hall-of-fame-inductees-announced/">Finseca’s 2024 Hall of Fame Inductees Announced</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Distracted Driving Report: New Research</title> <link>https://www.insurance-advocate.com/2024/04/15/distracted-driving-report-new-research/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 12:36:52 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[Industry News]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14712</guid> <description><![CDATA[<p>Road trip season is upon us, and with higher traffic levels comes more distracted driving. Auto insurance rates are now at the highest levels in 50 years, so the cost of repairs that may come from distracted driving is also up. Ahead of this year’s Distracted Driving Awareness Month (April), there is new research under […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/distracted-driving-report-new-research/">Distracted Driving Report: New Research</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Road trip season is upon us, and with higher traffic levels comes more distracted driving. Auto insurance rates are now at the highest levels in 50 years, so the cost of repairs that may come from distracted driving is also up. Ahead of this year’s Distracted Driving Awareness Month (April), there is new research under embargo from telematics company Arity which has over 1 trillion miles of driving behavior data from 40M+ vehicle connections in its dataset.</p> <p class="p2">Topline finding: 68% of 1,000 surveyed US drivers agree that distracted driving is extremely unsafe, but Arity’s dataset found a 30% increase in distracted driving per mile between 2019 and 2023 – up 7% in 2023 alone. Could this increase be driving car insurance rate hikes?</p> <p class="p2">When asked what drivers see as their biggest road distractions:</p> <p class="p2">A majority (Nine in 10 drivers) agree that driving under the influence, ignoring traffic signals, and distracted driving are unsafe behaviors – yet they happen daily.</p> <p class="p2">Only four in 10 drivers see hard braking (38%) and speeding (42%) as extremely unsafe</p> <p class="p2">The National Highway Traffic Safety Administration<span class="Apple-converted-space"> </span>reports that speeding-related crashes make up almost all of traffic fatalities</p> <p class="p2">24% of drivers see fast acceleration as a neutral behavior, and 11% see it as safe.</p> <p class="p2">Evening commutes bring greater distractions – the highest levels of distracted driving in 2023 took place during weekday afternoons from 3 – 6:59 p.m. (AKA workday commutes home). <span class="s2">[</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/distracted-driving-report-new-research/">Distracted Driving Report: New Research</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Tokio Marine Holdings Establishes New IR/SR Desk in NYC</title> <link>https://www.insurance-advocate.com/2024/04/15/tokio-marine-holdings-establishes-new-ir-sr-desk-in-nyc/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 11:35:56 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[company news]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14710</guid> <description><![CDATA[<p>Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya) has announced the establishment of an Investor Relations and Shareholder Relations (IR/SR) Desk in New York City as part of the IR/SR Group of the Global Communications Department. The new Desk will further strengthen Tokio Marine Holdings’ relationships with institutional investors, shareholders and equity analysts […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/tokio-marine-holdings-establishes-new-ir-sr-desk-in-nyc/">Tokio Marine Holdings Establishes New IR/SR Desk in NYC</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Tokio Marine Holdings, Inc. (President and Group CEO: Satoru Komiya) has announced the establishment of an Investor Relations and Shareholder Relations (IR/SR) Desk in New York City as part of the IR/SR Group of the Global Communications Department. The new Desk will further strengthen Tokio Marine Holdings’ relationships with institutional investors, shareholders and equity analysts in the United States, across the Americas, as well as in Europe.</p> <p class="p2">Working in conjunction with Tokio Marine Holdings’ Executive Team and the IR/SR team in Tokyo, the Desk will strengthen communication and dialogue between the capital markets and Tokio Marine Group. The IR/SR Desk will be operational from April 1st, 2024.</p> <p class="p2">The Desk is led by Taro Arakawa, who brings more than seven years of investor relations experience to the new role. He joined Tokio Marine Group in 2002. Since 2017, he has been responsible for investor and shareholder relations for Tokio Marine Holdings. In this role, he has worked closely with the top executive team of the Group to effectively communicate the growth story and future strategy with capital markets. Prior to working in the IR/SR field, he held a series of roles in marketing, product development, and business process innovation across the Tokio Marine Group.</p> <p class="p2">Alongside Taro’s appointment, Simon Spitalny joins the IR/SR Desk as a Value Enhancement Strategist. With over 15 years of experience in global equity sales at investment banks and securities firms, he brings a wealth of knowledge of the capital markets combined with strong and established relationships in the industry.</p> <p class="p2">Kenji Okada, Group CFO, Tokio Marine Holdings, said, “We are delighted to appoint Taro to lead our new IR/SR Desk in New York. With his expertise both in the insurance industry as well as his specialty in the IR field, we are confident he will successfully establish the Desk and work to further enhance our dialogue with capital markets. Over the past ten years, Tokio Marine Group’s EPS has grown by 12%, significantly outpacing the market.<span class="Apple-converted-space"> </span>We are increasingly setting ourselves apart from our peers, establishing a new offering outside Japan to engage our international investors and shareholder base is the latest example of this.”</p> <p class="p2">By working to integrate the voices of the capital markets into the core management strategy of the group, the Desk will make a significant contribution towards the further enhancement of the corporate value of Tokio Marine Group.<span class="s2">[</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/tokio-marine-holdings-establishes-new-ir-sr-desk-in-nyc/">Tokio Marine Holdings Establishes New IR/SR Desk in NYC</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Corvus Insurance Enhances Cyber Renewals </title> <link>https://www.insurance-advocate.com/2024/04/15/corvus-insurance-enhances-cyber-renewals/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 11:34:58 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[company news]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14708</guid> <description><![CDATA[<p>Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today announced updates to its policy renewal process, including the introduction of an application-free, click-and-bind option for select accounts. The updates drastically reduce the time brokers spend on cyber renewals by eliminating repetitive application questions and providing transparency with a customized […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/corvus-insurance-enhances-cyber-renewals/">Corvus Insurance Enhances Cyber Renewals </a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Corvus Insurance, the leading cyber underwriter powered by a proprietary AI-driven cyber risk platform, today announced updates to its policy renewal process, including the introduction of an application-free, click-and-bind option for select accounts. The updates drastically reduce the time brokers spend on cyber renewals by eliminating repetitive application questions and providing transparency with a customized year-over-year coverage comparison.</p> <p class="p1">“We’re excited to enhance the experience for brokers by streamlining a renewal process that can traditionally be slow and tedious,” said Mike Karbassi, Chief Underwriting Officer at Corvus Insurance. “This is another example of how we’re providing innovative solutions that enable brokers to focus on helping customers and growing their business.”</p> <p class="p1">Brokers with accounts that will not require an application for renewal will be informed 90 days prior to the renewal effective date. At 45 days prior to the effective date, they will receive the quote with the ability to bind immediately with a click. <span class="s2">[</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/corvus-insurance-enhances-cyber-renewals/">Corvus Insurance Enhances Cyber Renewals </a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Applied Underwriters Names Gregg Holtmeier Vice President, Strategic Development, for Company’s Growing M&A and Partnership Alliances</title> <link>https://www.insurance-advocate.com/2024/04/15/applied-underwriters-names-gregg-holtmeier-vice-president-strategic-development-for-companys-growing-ma-and-partnership-alliances/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 10:34:25 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[In the Companies]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14705</guid> <description><![CDATA[<p>Steve Menzies, Chairman of Applied Underwriters, has announced the naming of Gregg Holtmeier to the post of Vice President of Strategic Development, to collaborate with the company’s growing team in M&A, corporate alliances and partnership relationships. Applied Underwriters has announced several transactions recently, which follow a long list in the preceding years. According to Mr. […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/applied-underwriters-names-gregg-holtmeier-vice-president-strategic-development-for-companys-growing-ma-and-partnership-alliances/">Applied Underwriters Names Gregg Holtmeier Vice President, Strategic Development, for Company’s Growing M&A and Partnership Alliances</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Steve Menzies, Chairman of Applied Underwriters, has announced the naming of Gregg Holtmeier to the post of Vice President of Strategic Development, to collaborate with the company’s growing team in M&A, corporate alliances and partnership relationships. Applied Underwriters has announced several transactions recently, which follow a long list in the preceding years.</p> <p class="p2">According to Mr. Menzies, the stepped-up expansion and network growth of the Company has outpaced expectations: “We had set plans in 2023 for the engaging of new partners, for acquisitions and for the establishment of other alliance-styled deals, but we could not have anticipated the response from our initiatives in the marketplace. As it is getting more vigorous, we have hired Gregg Holtmeier to help blueprint and realize meaningful, strategic growth, using imagination and creativity together with the resources our professional team offers. It will prove a winning formula.”</p> <p class="p2"> Mr. Jamie Sahara, President of Applied Underwriters, observed that Mr. Holtmeier’s longtime association with the Company as an advisor and trusted consultant has enabled him to move into his new role confidently and expeditiously: “Gregg has added value to our growth model and will now participate as an integral part of our development planning and action agenda. His market knowledge and experience are assets that he brings to the process uniquely, spanning the expanded spectrum of our interests, notably in reinsurance. We welcome him enthusiastically.”</p> <p class="p2"> Mr. Holtmeier, who has been in the insurance and reinsurance fields since his graduation from Swarthmore College in 2000, has spent several years in senior executive management positions with direct responsibility for select, important business lines, focusing upon growth and strategy. He has served in strategic leadership roles at BMS, Guy Carpenter and JLT, while serving on multiple boards during his distinguished career. Mr. Holtmeier characterized his joining Applied Underwriters with great optimism:</p> <p class="p2">“The industry itself, as well as longtime executives in the business, have begun to track Applied Underwriters’ progress with increasing interest, given its distinct entrepreneurial spirit, execution prowess and seemingly unparalleled ability to assemble leading talent in the industry. The Company is known for valuing a degree of autonomy not found elsewhere, giving strength and authority throughout its organization. I am delighted to be a part of this evolving success story.” <span class="s2">[</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/applied-underwriters-names-gregg-holtmeier-vice-president-strategic-development-for-companys-growing-ma-and-partnership-alliances/">Applied Underwriters Names Gregg Holtmeier Vice President, Strategic Development, for Company’s Growing M&A and Partnership Alliances</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Risk Strategies Acquires LI Based Pace Professional Services, Ltd.</title> <link>https://www.insurance-advocate.com/2024/04/15/risk-strategies-acquires-li-based-pace-professional-services-ltd/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 09:33:48 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[In the Companies]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14703</guid> <description><![CDATA[<p>Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced it has acquired Pace Professional Services, Ltd. (Pace), a Long Island-based firm specializing in professional liability coverages with a focus on certified public accountants and law firms. Terms of the deal were not disclosed. Based in Garden City, NY, Pace was […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/risk-strategies-acquires-li-based-pace-professional-services-ltd/">Risk Strategies Acquires LI Based Pace Professional Services, Ltd.</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced it has acquired Pace Professional Services, Ltd. (Pace), a Long Island-based firm specializing in professional liability coverages with a focus on certified public accountants and law firms. Terms of the deal were not disclosed.</p> <p class="p2">Based in Garden City, NY, Pace was founded in 1992 by Kenneth Gross, its president and owner. The firm’s client base is national with a primary concentration in the Northeast. The acquisition marks the first for Risk Strategies of a firm with a predominant focus on the accounting profession.</p> <p class="p2"> <p class="p3">“Specialized expertise is vital to ensuring client risks are effectively mitigated,” said Robert Rosenzweig, New York Regional Leader, Risk Strategies. “Ken and his team bring the type of deep, specialized focus that will add significant new industry knowledge to our professional liability practice. I’m excited to have them join the family.</p> <p class="p3">Pace has been the designated Territorial Administrator for the CNA Accountants Professional Liability Insurance program in New York and Connecticut since 1994. This program is exclusively endorsed by the American Institute of Certified Public Accountants (AICPA). In addition, Pace has been endorsed by the Connecticut Society of CPAs (CTCPA) since 1992.</p> <p class="p3">“Specialized expertise and a dedicated staff have built our success,” said Ken Gross, Founder and President, Pace Professional Services, Ltd. “Becoming part of Risk Strategies is a unique opportunity to scale our specialty focus while bringing our clients new resources and more coverages.”</p> <p class="p3">In addition to professional liability insurance, Pace provides Cyber Liability and Employment Practices Liability (EPL) for its clients, including an exclusive EPL policy designed for accounting firms. <span class="s2">[</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/risk-strategies-acquires-li-based-pace-professional-services-ltd/">Risk Strategies Acquires LI Based Pace Professional Services, Ltd.</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> <item> <title>Amwins Program Underwriters Announces New Home Health Care HNOA Program</title> <link>https://www.insurance-advocate.com/2024/04/15/amwins-program-underwriters-announces-new-home-health-care-hnoa-program/</link> <dc:creator><![CDATA[Insurance Advocate]]></dc:creator> <pubDate>Mon, 15 Apr 2024 09:33:06 +0000</pubDate> <category><![CDATA[2024]]></category> <category><![CDATA[April 2024]]></category> <category><![CDATA[In the Companies]]></category> <guid isPermaLink="false">https://www.insurance-advocate.com/?p=14700</guid> <description><![CDATA[<p>Amwins Program Underwriters (APU), part of the Amwins Underwriting division, has announced the launch of their new Home Health Care HNOA program designed to provide hired and non-owned auto liability coverage for home health care operations. This specialized HNOA program is designed to tackle the distinct hurdles faced by providers when delivering vital services to […]</p> The post <a href="https://www.insurance-advocate.com/2024/04/15/amwins-program-underwriters-announces-new-home-health-care-hnoa-program/">Amwins Program Underwriters Announces New Home Health Care HNOA Program</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></description> <content:encoded><![CDATA[<p class="p1">Amwins Program Underwriters (APU), part of the Amwins Underwriting division, has announced the launch of their new Home Health Care HNOA program designed to provide hired and non-owned auto liability coverage for home health care operations. This specialized HNOA program is designed to tackle the distinct hurdles faced by providers when delivering vital services to patients in their homes.</p> <p class="p1">Home health care continues to grow in popularity as more seniors opt to stay in their homes longer, and more medical procedures allow for at-home recovery. Caregivers are often the lifeline that keeps seniors in local communities connected and thriving.</p> <p class="p1">“As the healthcare marketplace continues to evolve, and potential for expanding risks grow, it’s important to work with specialists who know and understand the business,” said Julie Reisinger, program manager at APU.“Our commitment lies in being solutions-driven partners, dedicated to crafting tailored coverage for your insureds, ensuring long-term protection. At Amwins, our healthcare specialists are deeply entrenched in the market, fostering strong relationships with top-rated carriers, empowering us to offer your clients the precise coverage they require.”</p> <p class="p1">Coverage is available in all states except Louisiana and includes standalone hired and non-owned auto liability with limits up to $5 million.</p> <p class="p3">Classes of business include:</p> <p class="p4">Visiting Nurses</p> <p class="p4">Doctors / Nurse Practitioners</p> <p class="p4">Physical Therapists</p> <p class="p4">Counseling / Mental Health</p> <p class="p4">Occupational Therapists</p> <p class="p4">Blood Delivery Services</p> <p class="p4">Phlebotomists</p> <p class="p4">Any In-Home Medical Related</p> <p class="p4">Dialysis Technicians</p> <p class="p4">Massage Therapists</p> <p class="p4">Non-Medical Home Assistants</p> <p class="p4">Hospice Care</p> <p class="p4">Accounts offering client/patient/passenger transport are not eligible for this program <span class="s2"> [</span><span class="s3"><b>I</b></span><span class="s4"><b>A</b></span><span class="s2">]</span></p>The post <a href="https://www.insurance-advocate.com/2024/04/15/amwins-program-underwriters-announces-new-home-health-care-hnoa-program/">Amwins Program Underwriters Announces New Home Health Care HNOA Program</a> first appeared on <a href="https://www.insurance-advocate.com">Insurance Advocate</a>.]]></content:encoded> </item> </channel> </rss>