Insurance companies

Grange Insurance Elects Jim Benson to Board of Directors

Friday, February 26, 2021 - 3:00pm

Today, Grange Insurance announced Jim Bensons appointment to the Grange Mutual Holding Company Board of Directors effective Feb. 25, 2021.

Key Points: 
  • Today, Grange Insurance announced Jim Bensons appointment to the Grange Mutual Holding Company Board of Directors effective Feb. 25, 2021.
  • Jim is a forward-thinking strategic leader who will help us capitalize on the momentous opportunities we see for Grange in the future, said Grange President & CEO John Ammendola.
  • Grange Insurance Company, with $3 billion in assets and more than $1.3 billion in annual revenue, is an insurance provider founded in 1935 and based in Columbus, Ohio.
  • Life insurance offered by Grange Life Insurance and Kansas City Life Insurance.

CNA Appoints Steve Marohn to Senior Vice President, Small Business

Friday, February 26, 2021 - 3:00pm

CHICAGO, Feb. 26, 2021 /PRNewswire/ --CNA today announced the appointment of Steve Marohn to Senior Vice President, Small Business.

Key Points: 
  • CHICAGO, Feb. 26, 2021 /PRNewswire/ --CNA today announced the appointment of Steve Marohn to Senior Vice President, Small Business.
  • In this role, Marohn will be responsible for profitability, growth and strategic direction of CNA's Small Business team, reporting to Kevin Leidwinger, President & Chief Operating Officer, Commercial Insurance.
  • Marohn joined CNA in 2013, serving in various leadership roles across CNA's western US region.
  • Prior to his career at CNA, Marohn was an Executive Vice President at AIG.

MetLife and Principal to Provide Annuity Benefits to Philips North America, LLC Retirement Participants

Tuesday, February 23, 2021 - 5:30pm

Principal Financial Group and Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc. (MetLife), announced today they entered into an agreement with Philips North America LLC (Philips) to transfer approximately $1.2 billion of Philips North America Pension Plan obligations to Principal Financial Group (Principal) and MetLife.

Key Points: 
  • Principal Financial Group and Metropolitan Tower Life Insurance Company, a subsidiary of MetLife, Inc. (MetLife), announced today they entered into an agreement with Philips North America LLC (Philips) to transfer approximately $1.2 billion of Philips North America Pension Plan obligations to Principal Financial Group (Principal) and MetLife.
  • MetLife is pleased Philips entrusted us, along with Principal, to provide guaranteed lifetime income to the companys retirement participants, said Graham Cox, executive vice president and head of Retirement & Income Solutions at MetLife.
  • MetLife will act as the lead administrator for the monthly benefits for approximately 9,000 retirees and their beneficiaries in the Philips North America Pension Plan.
  • Principal will have financial responsibility for a portion of these monthly benefits and will settle such obligations directly with MetLife.

Blue Cross and Blue Shield of Minnesota announces first-of-its-kind dietary support for high-risk pregnant women and their families

Tuesday, February 23, 2021 - 4:10pm

These inequities are rooted in systemic racismand disproportionate access to adequate prenatal care and nutrition," said Christine Reiten, vice president of Medicaid at Blue Cross and Blue Shield of Minnesota.

Key Points: 
  • These inequities are rooted in systemic racismand disproportionate access to adequate prenatal care and nutrition," said Christine Reiten, vice president of Medicaid at Blue Cross and Blue Shield of Minnesota.
  • "Project Well is honored to be providing these women and their families with personalized, high quality meals, healthy food and education.
  • Blue Cross and Blue Shield of Minnesota and Blue Plus are nonprofit independent licensees of the Blue Cross and Blue Shield Association, headquartered in Chicago.
  • Blue Plus, is an affiliate of Blue Cross and Blue Shield of Minnesota.

Allstate Extends its Good Hands to Customers in Texas

Tuesday, February 23, 2021 - 2:58pm

NORTHBROOK, Ill., Feb. 23, 2021 /PRNewswire/ -- Over the weekend, Allstate assembled six Mobile Claim Centers (MCCs) across Texas to help assist customers affected by the winter storms.

Key Points: 
  • NORTHBROOK, Ill., Feb. 23, 2021 /PRNewswire/ -- Over the weekend, Allstate assembled six Mobile Claim Centers (MCCs) across Texas to help assist customers affected by the winter storms.
  • The Allstate Foundation is also providing financial support to nonprofits helping residents in underserved communities who were impacted by the weather.
  • To further its commitment to Texas' recovery, Allstate employee and agent donations to eligible nonprofits will be matched at 100% (up to $1,000 per donor per year) by the Foundation.
  • "Allstate leads in helping customers recover from this extreme weather with fast claim services through the Allstate Mobile app, advanced photo and video technology and instant payments to customers," said Eric Brandt, Executive Vice President and Chief Claims Officer.

Allstate CFO to Present at Raymond James Annual Institutional Investors Conference 2021

Tuesday, February 23, 2021 - 3:03pm

The Allstate Corporation (NYSE: ALL), one of the nations largest publicly held personal lines insurers, announced that Mario Rizzo, Chief Financial Officer, will present at the virtual Raymond James & Associates 42nd Annual Institutional Investors Conference at 11:40 a.m. EST on Monday, March 1.

Key Points: 
  • The Allstate Corporation (NYSE: ALL), one of the nations largest publicly held personal lines insurers, announced that Mario Rizzo, Chief Financial Officer, will present at the virtual Raymond James & Associates 42nd Annual Institutional Investors Conference at 11:40 a.m. EST on Monday, March 1.
  • A webcast of the presentation can be accessed at www.allstateinvestors.com , where a replay will be posted in the executive speeches section shortly after the presentation ends.
  • Financial information, including material announcements about The Allstate Corporation, is routinely posted on www.allstateinvestors.com .
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20210223005781/en/

Sparks Sign Multi-Year Community Partnership With Anthem Blue Cross to Address Health Inequities and Social Justice

Tuesday, February 23, 2021 - 3:00pm

The Los Angeles Sparks and Anthem Blue Cross announced today a multi-year partnership aimed at serving under-resourced communities through social justice initiatives, health and wellness activations, and athlete advocacy.

Key Points: 
  • The Los Angeles Sparks and Anthem Blue Cross announced today a multi-year partnership aimed at serving under-resourced communities through social justice initiatives, health and wellness activations, and athlete advocacy.
  • We are proud to partner with the LA Sparks to address health and social inequities prevalent in our communities.
  • Anthem Blue Cross is the trade name of Blue Cross of California.
  • Anthem Blue Cross and Anthem Blue Cross Life and Health Insurance Company are independent licensees of the Blue Cross Association.

New York Liberty Announce Multi-Year Deal With Empire BlueCross BlueShield to Address Health Inequities and Social Justice

Tuesday, February 23, 2021 - 3:00pm

The New York Liberty and Empire BlueCross BlueShield today announced a partnership designating New Yorks largest health insurer as an Official Partner of the team, which includes combined efforts to address health inequities and advocacy for women in greater New York communities.

Key Points: 
  • The New York Liberty and Empire BlueCross BlueShield today announced a partnership designating New Yorks largest health insurer as an Official Partner of the team, which includes combined efforts to address health inequities and advocacy for women in greater New York communities.
  • As the WNBA and the New York Liberty enter its 25th year, we understand the importance of teaming up with mission-driven partners like Empire BlueCross BlueShield, said Liberty CEO Keia Clarke.
  • Empire Blue Cross Blue Shield is on a mission to measurably and materially improve the health of all New Yorkers, said Alan Murray president of Empire BlueCross BlueShield in New York.
  • Serving New Yorkers for more than 85 years, Empire BlueCross BlueShield (Empire) is on a mission to materially and measurably improve the health of New Yorkers.

ICW Group Names Iva Yuan Vice President, Product and Pricing

Monday, February 22, 2021 - 10:00pm

SAN DIEGO, Feb. 22, 2021 /PRNewswire-PRWeb/ --Iva Yuan joins ICW Group Insurance Companies , a leading group of property and casualty carriers, as Vice President, Product and Pricing the company announced today.

Key Points: 
  • SAN DIEGO, Feb. 22, 2021 /PRNewswire-PRWeb/ --Iva Yuan joins ICW Group Insurance Companies , a leading group of property and casualty carriers, as Vice President, Product and Pricing the company announced today.
  • Yuan brings more than 20 years of P&C insurance industry experience to ICW Group and will oversee the strategic direction of its product lines across the company's various businesses.
  • Prior to joining ICW Group, Yuan served as Vice President of Product Management as well as Chief Actuary at the Allstate direct-to-consumer company Esurance.
  • "ICW Group continues to expand at a rapid pace and Iva's deep knowledge of product pricing, regulatory nuances and compliance across multiple states will further support our aggressive growth strategy."

Third Point Re Announces Internal Appointments to SiriusPoint Leadership Team

Monday, February 22, 2021 - 1:00pm

The leadership team announcements are:

Key Points: 
  • The leadership team announcements are:
    Dan Malloy, President, Global Distribution and Head of Runoff.
  • Mr. Govrin is currently President, Third Point Reinsurance (USA) Ltd. and Head of Business Development, Third Point Reinsurance Ltd.
  • The SiriusPoint executives will report to SiriusPoint Chairman and Chief Executive Officer Sid Sankaran, who is currently Third Point Re's non-executive Chairman of the Board.
  • Third Point Reinsurance Ltd. (Third Point Re) is a Bermuda-headquartered holding Company listed on the New York Stock Exchange (TPRE).