Items filtered by date: November 2014

August 21, 2017 - Darwin Lucas has joined Everest Reinsurance Co. as vice president and head of U.S. Casualty Programs for all general casualty and professional liability lines of coverage within the Facultative Reinsurance division. He will be managing the division’s program portfolio and developing broader relationships with reinsurance trading partners.

West Chester, Pa.—August 21, 2017—Venture Programs, a national insurance program administrator, today announced the addition of Brian Rawlings as senior underwriter to support FITLIFE™, its new program for fitness, wellness and spa services.

August 21, 2017 - Pioneer Special Risk has launched a new optional coverage expansion for specialty contractors that offers them the option of including incidental contractors pollution coverage, traditionally required as part of their client’s contractual terms, within the specialty contractor’s primary CGL policy.

August 14, 2017 - Great American Insurance Group’s Ocean Marine Division has introduced its Luxury Yacht Program, offering insurance products for luxury yachts through select yacht specialty agents.

With the changing landscape of the insurance industry fueled by new technology, additional capital and the reimaged approaches to the customer, what are the near-term and long-term impacts to Program Administrators? Listen to the InsurTech Panel presentation today.

8/11/17 - Underwriting manager Schinnerer Group on Thursday said it has agreed to acquire International Catastrophe Insurance Managers L.L.C. from Bermuda-based insurer and reinsurer Paraline Group Ltd.

August 10, 2017 - CoreLogic has acquired Austin, Texas-based Myriad Development.

August 8, 2017 - SterlingRisk Insurance, a Woodbury, N.Y.-headquartered independently owned insurance brokerage firm, has named Marci Waterman chief operating officer (COO).

 

August 2017 

 

17th Annual Summit


 
Keynote Speaker
Captain Mark Kelly
 
Target Markets is celebrating 16 years focused on Program Administration. Create opportunities to grow and improve your business by attending the 17th Annual Summit. Expect access to 60 program carriers including London Markets, premier vendor services, reinsurance support, program development and distribution resources, and networking opportunities with 800+ program professionals. Discover the Power and Potential of your Program Business.

 

 

 


 

TMPAA Charities Networking Golf Tournament

 Sunday, October 15 at 1:00pm

Unlike other golf events, pairings in this tournament are made to maximize the networking opportunities between carriers, program administrators and vendors. The tournament is designed for golfers of all skill (or lack thereof) levels. Participants must also be registered to attend the Summit. Plan to arrive early and meet your next program partner! 

Click here to access the Networking Golf Registration.
  

Proceeds are the primary funding source for TMPAA Charities. 

Tournament sponsored by


 

 

 

Summit Workshops & Presentations  

Monday

  • State of Program Business Study Presentation
  • Industry Speaker: Steven DeCarlo

Tuesday

  • Lloyd's Open House
  • New Program Development - Market Interest and Expectations

Wednesday

  • InsurTech Dilemma, the Accelerating Change of the Insurance Landscape
  • PA Contracts- It's only your financial future at stake!
  • Expanded Underwriting Capacity and Risk Control with Fac Reinsurance

Click here for full workshop details.


 

Member News

AmWINS Launches Site Pollution Liability Program for Small Auto Servicing Firms

ProSight Specialty Launches All-lines Marine Contractors Insurance Program

Markel to Acquire State National for $919 Million

Specialty Program Group Acquired Napa-Based Paul Hanson Partners

Meadowbrook Picks Up Industry Vet as Chief of Underwriting

Pennsylvania’s NSM Insurance Group Hires Johnston

Norman-Spencer Agency Adds Professional Liability Division

EverGuard Buys West-based Anchor Bay’s Restaurant, Bar And Tavern Program

U.S. Risk Insurance Group Acquires IMS London American

McGowan Purchases Assets of Massachusetts’ NAPLIA

Read more stories and submit your news today!


 

 


The State of Program Business Study

Participation Deadline:
August 11

The objective of this research is to provide the program industry with data that documents trends in the size and dynamics of the program business market, along with valuable benchmarking information to assist with your future program business planning. Results will be available to TMPAA members and presented at the Summit in October. Survey responses are strictly confidential and viewable only to Advisen acting as a contractor for the Association.

PARTICIPATION BONUS: 
Program Administrator members of the Association will receive one FREE e-ad distribution to 100,000 retail agents about your program(s) following the completion of the study.

Program Administrator Survey

Carrier Survey

Questions? Contact Ray Scotto
302-268-1010
 
 

Apply for a London Learning Experience   

Tysers, working with the TMPAA, is proud to sponsor the 5th Annual “Targeting Talent Trophy” which looks to provide a selected individual, from a Program Administrator member of the Association, the opportunity to travel to London for a 10 day educational assignment during the spring of 2018.  

The selected applicant will leave London with a comprehensive understanding of how Program Business is transacted in the London market, spending time with the Tysers’ broking team and various Lloyd’s syndicates. There will be a focus on all aspects of transacting Program Business in London from client introduction through placement to accounting and claims. 

Click here for more information and application.

 


LAST CALL: Print and Digital Marketing Opportunity

Rough Notes is once again dedicating a special section within their September issue exclusively to Target Markets members. Your participation in the 2017 Target Markets Supplement includes:

  • Two full pages – a professionally written feature article and full page 4 color ad or a two-page ad spread
  • National exposure to the industry in both the print and digital versions of the industry’s largest and most read magazine, Rough Notes, print and online – all for $5,000

Contact Rough Notes to reserve your space today.

 

 


 

West Point
Insurance Services 

​West Point Insurance Services (WPIS) provides software solutions and business process outsourcing (BPO) services to P&C carriers and MGAs of all sizes across all lines. WPIS’s web-based core solutions and experienced personnel help P&C insurers manage the entire policy, claims and reporting cycles.  BPO services (underwriting support, policy administration, claims management, accounting, billing, customer service, and reporting) are handled by WPIS’s experienced insurance and IT staff and not contract employees. WPIS helps you run a better insurance business. Whether you’re looking to outsource your back-end processing, or invest in the latest technology, West Point Insurance Services can help cut costs and grow your business.

Contact: Marc Codispoti
727-489-9113
www.westpointuw.com

We will spotlight your company on request. Please contact Monica at monica.elischer@targetmkts.com.


 

Summit Industry Speaker

 


Steve DeCarlo

 

October 16  |  4:00pm

M. Steven DeCarlo has served as CEO of AmWINS Group, Inc. and a member of the AmWINS board of directors since December 2000. DeCarlo began his career with Crum & Forster and later joined The London Agency (today part of Chubb) as its CFO. DeCarlo was a founding partner of Royal Specialty Underwriting, serving as executive VP and CFO officer and later becoming senior VP of Royal & SunAlliance USA. In 2009, DeCarlo received Ernst & Young LLC's prestigious Entrepreneur of the Year® award in the Carolinas for the financial services category.

See full Summit information.

 

Special TMPAA Offer

 

 

New Members

Program Administrators

Allied American Underwriters
Jennifer Kessel 
jkessel@usgins.com 
724-754-9100
www.usgins.com 

BGAL Financial & Insurance Group
Alan Shetzer
ashetzer@gmail.com
847-826-9797 

Founders Specialty
Stephen van Wert
stephenvanwert@foundersspecialty.com
813-999-8090     
www.foundersspecialty.com

Sterling Surplus Underwriters
C. Brad Moncrief
brad@sterlingsu.com
855-227-2202
www.sterlingsu.com

 Vendor

AAIS
Trumon Esmond
trumane@aaisonline.com
630-457-3215
www.aaisonline.com

 


Lloyd's Open House

Tuesday, October 17 
10:30am at Summit
​​

Mark your calendar and plan to attend the Lloyd's Open House following the General Session on Tuesday.

  • Representatives from 12 Lloyd’s Syndicates
  • Market finding assistance for all types of programs including small and start up programs
  • Information about the London Marketplace and becoming a coverholder

Representatives from Lloyd's America and Tysers will be present to support your inquiries.




Market-Finding Resources

Carrier Search Portal (CSP) [search for markets using specific program characteristics and quickly identify your most likely program partners]

Online Meeting Request with Carrier Partner [form to set up meetings at the Summit]
 
Program Carrier Checklist [items to consider when choosing a market]

Program Executive Summary [baseline information required to start the market-finding discussion] 

Reinsurance Support
 [assistance with challenging program placements and alternative risk transfer] 

London Markets
 [access to Lloyd’s focusing on startups, new business ideas, and unique opportunities]

 

Alex T 200px

MODERATOR


 

Alex Tsetsenekos is the Head of Business Development for MGAero Risk Solutions. Recently, Alex was the founder of Archimedes Analytics LLC, a firm that provides insurance, data and technology consulting services throughout the insurance value chain. For insurance clients or InsureTech startups, Alex has addressed a variety of client needs including:

  • Interim Chief Underwriting Officer for a new Homeowners carrier
  • Policy and U/W guideline development
  • Data strategy development & implementation (quote, bind & post bind)
  • Workflow optimization for new consumer offerings in the direct channel
  • U/W Compliance reviews for Consumer oriented products (state and Federal)

Prior to starting Archimedes, Alex spent 19 years with various insurance carriers and 3rd party providers in a variety of leadership positions in the areas of distribution, product management, underwriting, data management, strategy, system implementation & operations management.

Alex received his Bachelor of Science in Business Administration from Boston University and his Masters in Business Administration from Northeastern University.


McCathron app

 

Rick McCathron brings 25 years of P&C experience to his role as Hippo’s Head of Insurance. Rick is a Chartered Property & Casualty Underwriter and a Certified Insurance Counselor and has held senior executive positions at well-respected insurance companies including First Connect Insurance as its President & CEO, Superior Access Insurance as its President & CEO and Mercury Insurance Group (NYSE-MCY) as its Regional Vice President.  At Mercury, Rick had full P&L responsibility overseeing underwriting, claims, product, pricing and distribution for half of Mercury’s operations geographically.  At First Connect, Rick shifted the paradigm and brought to market an entirely new way of thinking about car insurance.  Rick has a passion to modernize the insurance industry from underwriting, distribution, product design, to customer service and consumer expectations.  Rick found the perfect fit at Hippo Insurance.

 

Ty Sagalow best resolution  

Ty Sagalow is a founding member of Lemonade. Founded in 2015, Lemonade is the first licensed and regulated InsureTech insurance company in the United States. Lemonade offers homeowners and renters insurance powered by artificial intelligence and behavioral economics. Launched in September 2016 in New York, Lemonade Insurance Company is operating in both New York, California and Illinois (as of 5/10/17) with expected operations in multiple additional states in the coming weeks and months. On July 1, 2017, Ty retired from his position as Chief Insurance Officer of Lemonade but continues as a board member of the Lemonade Insurance Company, and regularly advises other companies in the Fintech/InsurTech space.

Ty is a 36 year senior insurance executive veteran. Most of Ty’s career was spent at AIG where over a 25 year period he held various positions including Chief Underwriting Officer and General Counsel of AIG Executive Liability (D&O, E&O), Chief Operating Officer of AIG eBusiness Risk Solutions (Cyber insurance) and President of AIG Product Development. Following AIG, he was Chief Innovation Officer of Zurich North American and Chief Innovation Officer of Tower Group. Immediately prior to Lemonade, Ty founded Innovation Insurance Group, LLC, a premier consulting firm to the insurance industry.

Mr. Sagalow is considered on the world’s experts in innovation in the insurance industry having been credited with creating various insurance products including Y2k Insurance, (Entity Cover) Directors and Officers Insurance, Cyber insurance, Reputation Insurance, Collectible Authenticity Insurance and Intellectual Property Collateral Insurance. He is also the host of the series Innovations in Insurance With Ty Sagalow and What’s New in Insurance, both produced by World Risk and Insurance News.

Mr. Sagalow is a frequent author and speaker. His works include @Risk: Internet and E-Commerce Insurance and Reinsurance Legal Issues and Directors & Officers Insurance Handbook.  He has appeared on CNBC, WPIX-TV, FOX, PBS and Bloomberg Radio, and he has spoken before various tech, legal and insurance forums on issues including the White House, Department of Homeland Security, and Congress. For the past two years, Mr. Sagalow has been a frequent speaker on InsureTech issues and insurance innovation.

Mr. Sagalow is a cum laude graduate of Georgetown University Law Center and holds a LLM (Master of Laws) from New York University Law School.


Seth Simon200px


 

Seth Simon is Director of Claims for Slice Insurance Technologies, a New York based insurance startup providing insurance for sharing economy risks including homeshare and rideshare.  For 20 years, he has held Claims and Training leadership roles with State Farm, AIG and Chubb with a focus on personal home and auto risks, and the special needs of high net worth customers.  Seth leads insurance teams by cultivating an understanding of insurance products and the importance of delivering exceptional customer service.   He regularly lectures to international audiences on insurance topics and holds Bachelors and Masters Degrees in the Sciences from City University of NY as well as AIC, CPCU, broker and adjuster certifications.

Tim McDermott 200px  

Tim McDermott, CPCU, ARe, is currently a Multi-line Underwriter and Product Manager for Munich Re Digital Partners, a global venture designed to develop innovative propositions with digital insurance start-ups and digital verticals. Tim is responsible for managing the product development, underwriting, growth, and profitability of various commercial insurance portfolios.

Previously, Tim was an Insurance Programs Underwriter in Munich Re’s Specialty Markets Division, where he held similar responsibilities for the large broker and bank-owned PA/MGA client group. His underwriting experience extends across several classes and lines of business, including commercial property, general liability, auto liability, workers compensation, and professional liability.

Tim earned a Bachelor’s Degree from Temple University, where he majored in Risk Management & Insurance, and holds the Chartered Property and Casualty Underwriter (CPCU) and Associate in Reinsurance (ARe) professional designations.

Tim is a native of Philadelphia, and currently lives in Langhorne, PA. He is active in his community and serves on the board of directors of a local non-profit organization.

 

 

West Chester, Pa.—August 2, 2017—Venture Programs, a national insurance program administrator, today announced it has launched FITLIFE™, a fitness, wellness and spa program. The new program is designed to improve the coverage, risk management and claims handling available to fitness and spa businesses.

M. Steven DeCarlo has served as chief executive officer of AmWINS Group, Inc. and a member of the AmWINS board of directors since December 2000. DeCarlo began his career with Crum & Forster and later joined The London Agency (today part of Chubb) as its chief financial officer. DeCarlo was a founding partner of Royal Specialty Underwriting (RSUI), serving as executive vice president and chief financial officer and later becoming senior vice president of Royal & SunAlliance USA. In 2009, DeCarlo received Ernst & Young LLC's prestigious Entrepreneur of the Year® award in the Carolinas for the financial services category.



Sponsored by:

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