On February 7, the Life Insurance Council of New York (LICONY) staff and member companies came together at MetLife for a full day of activities and to celebrate LICONY’s 51st Anniversary. The day included a full briefing to the membership on LICONY’s Legislative program and Regulatory agenda for 2019. Assembly Insurance Committee chair Kevin A. […]
Aquiline Capital Partners LLC, a New York and London-based private equity firm investing in financial services and technology, has entered into a definitive agreement to acquire Relation Insurance Services, one of the largest independent insurance brokers in the United States, from private equityfirms Parthenon Capital and Century Equity Partners. Since its founding in 2007, Relation […]
WASHINGTON—The National Association of Insurance Commissioners (NAIC) has named its 2019 committee chairs and vice chairs. The association also assigned members to the organization’s standing committees based on preferences, experience and requirements established by the NAIC’s Bylaws. “The 2019 NAIC committee leadership reflects deep expertise and a strong commitment to service across all our committees,” […]
Senator Breslin has filed Bill # S-769, supported by the Excess Line Association of New York that implies simplified requirements for agents and brokers placing business in the state’s E & S lines marketplace. The bill would “excuse retail insurance brokers and any unaffiliated wholesale excess line insurance brokers from making a diligent effort when […]
WASHINGTON—NAIC recently named 34 consumer liaison representatives for 2019. The 20 funded and 14 unfunded consumer representatives began their terms Jan. 1. Seventeen of the funded consumer representatives participated in the program in 2018. Established in 1992, the Consumer Liaison Program promotes consumer interaction with the NAIC’s members, the insurance industry and interested parties through […]
GLENMONT, N.Y.—The Professional Insurance Agents of New York State is pleased to be the first to support the Excess Line Association of New York’s introduction of a bill that would simplify requirements of agents and brokers placing business in the state’s excess & surplus lines marketplace. The bill, S-769, filed in the New York Senate, […]
Albany, N.Y.—The New York Insurance Association (NYIA) announces the election of its 2019 officers and board of directors. The following officers were elected for a one-year term ending Dec. 31, 2019: Chair: Elizabeth Heck, president and chief executive officer, Greater New York Mutual Insurance Company, New York, N.Y. First vice chair: Mark Prechtl, executive vice […]
The New York Insurance Association hosted the New York Auto Forum—A Look at the Road Ahead on Wednesday, November 14, 2018. Auto insurance writers and insurance professionals heard from industry experts on a variety of trending topics. Skip Short, member, Short & Billy and Barry Levy, partner, Rivkin Radler shared colorful anecdotes from their many […]
The Insurance Brokers’ Association of the State of New York (IBANY) has announced that Elizabeth Heck, President and CEO of Greater New York Insurance Companies, is the 2018 Insurance Person of the Year. Each year, insurance professionals are asked to submit nominations for the Insurance Person of the Year. Nominees are individuals known for their […]
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors today during the association’s annual meeting. Pete McPartland, chairman of the board, president, and CEO of Sentry Insurance Group was elected as PCI’s chair; Jim Brannen, CEO of FBL Financial Group was elected first vice chair, and Greg Crabb, […]
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