Gamma globulin

Hadron Announces Sam Reeder as Group CEO

Retrieved on: 
Thursday, April 4, 2024
Insurance, Professional Services, Growth, AIG, Business, Risk, ILS, Gamma globulin, Corporate development

Hadron , a pioneering specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, today announced the appointment of Sam Reeder as Chief Executive Officer.

Key Points: 
  • Hadron , a pioneering specialty insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and efficient reinsurance access, today announced the appointment of Sam Reeder as Chief Executive Officer.
  • Reeder previously spent four years as the CEO of Validus Specialty Underwriters, a US-based Lloyd’s-approved coverholder and underwriting agency wholly owned by AIG, focused on providing specialty insurance solutions for U.S. insureds and their global exposures.
  • He will lead a seasoned management team at Hadron that averages over 20+ years of experience per member.
  • “This is a critical inflection point for the specialty insurance industry, and I am thrilled to lead Hadron and help drive its pioneering approach to meet the market’s needs,” said Reeder.

AM Best to Participate and Exhibit at RIMS’ 2024 RISKWORLD Conference

Retrieved on: 
Tuesday, April 2, 2024
Finance, Consulting, Business, Professional Services, Insurance, RIMS, Conference, Risk management, McGuigan, Reinsurance, Risk, ALL, Artificial intelligence, News, Communication, Data, Gamma globulin, PST, AM Best, Walker, Credit, San Diego Convention Center, Delegate

AM Best will participate and exhibit at RISKWORLD—the RIMS 2024 Annual Conference and Exhibition—with sessions that will focus on reinsurance market conditions, cyber risks, artificial intelligence, stress testing and workers’ compensation.

Key Points: 
  • AM Best will participate and exhibit at RISKWORLD—the RIMS 2024 Annual Conference and Exhibition—with sessions that will focus on reinsurance market conditions, cyber risks, artificial intelligence, stress testing and workers’ compensation.
  • Sridhar Manyem, senior director, AM Best, will also deliver a pair of presentations at the conference.
  • Maura McGuigan, managing director, AM Best, will give a presentation titled, “The Critical Function of Effective Stress Testing,” at 3:30 p.m. (PST) on May 7.
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Peter Parent Named President of Innovative Stop Loss Solutions (ISLS), a Full-Service, Specialized MGU Focused on Medical Stop Loss Underwriting

Retrieved on: 
Monday, March 11, 2024
Health Insurance, Professional Services, Health, Insurance, Peter's Food Services, Growth, Policy, MGU, Gamma globulin

Innovative Stop Loss Solutions (ISLS) proudly announces the appointment of Peter Parent as its new President.

Key Points: 
  • Innovative Stop Loss Solutions (ISLS) proudly announces the appointment of Peter Parent as its new President.
  • At ISLS, Peter will lead the company in its mission to provide innovative and tailored stop-loss insurance solutions to its clients.
  • "Assuming the role of President at ISLS, I'm excited to lead a team that's focused on developing truly unique solutions for our clients.
  • Innovative Stop Loss Solutions (ISLS) offers a broad range of stop-loss insurance solutions, encompassing both traditional stop-loss and medical stop-loss captives.

Another Insurance Carrier Chooses OWIT Global’s Insurance Data Management (IDM) Solution to Modernize its P&C and A&H Program Bordereaux Data Streams

Retrieved on: 
Wednesday, March 6, 2024
Technology, Mobile, Wireless, Insurance, Finance, Consulting, Small Business, Banking, Professional Services, Other Technology, Software, Networks, Internet, Hardware, Data Management, IDM, Broker, Gamma globulin, Thought, Growth, Data management, P&C, Ecosystem, Policy, Reinsurance, Knowledge, Risk management

OWIT Global (OWIT), the leader in cloud-based insurance-specific microservices architected solutions to digitalize the global insurance industry, is pleased to announce another insurance carrier has selected OWIT’s Insurance Data Management (IDM) Solution, bringing additional confirmation that the industry needs insurance data interchange as a core solution.

Key Points: 
  • OWIT Global (OWIT), the leader in cloud-based insurance-specific microservices architected solutions to digitalize the global insurance industry, is pleased to announce another insurance carrier has selected OWIT’s Insurance Data Management (IDM) Solution, bringing additional confirmation that the industry needs insurance data interchange as a core solution.
  • The carrier needed to optimize the processing of incoming bordereaux for their growing P&C and A&H business.
  • Leveraging the existing proprietary solution was not an effective or scalable option so the carrier’s team contacted OWIT to evaluate its tool-based insurance-specific solution.
  • After detailed use case discussions, including a proof of concept, the carrier selected OWIT’s IDM Solution as the leading and best fit.

Madaket Health Appoints Healthcare Leaders Megan Schmidt and Tim Suther to Board of Directors

Retrieved on: 
Wednesday, February 21, 2024
Data Management, Practice Management, Technology, Thought Leadership, General Health, Data Analytics, Public Policy, Government, Other Health, Payments, Other Professional Services, Healthcare Reform, Fintech, Health Technology, Finance, Health Insurance, Consulting, Security, Professional Services, Other Technology, Software, Health, PDX, Madaket, Massachusetts, Coalition, Gamma globulin, Spectrum Health, Sale, JPMorgan Chase, Suther, HealthPartners, Acxiom, Vice, PDM, Committee, Insurance, Management

Madaket Health , the leading platform for provider-payer collaboration and data exchange, today announced that Megan Schmidt and Tim Suther have joined the company’s board of directors.

Key Points: 
  • Madaket Health , the leading platform for provider-payer collaboration and data exchange, today announced that Megan Schmidt and Tim Suther have joined the company’s board of directors.
  • Tim Suther has more than three decades of experience maximizing value through data, analytics, and technology transformation.
  • "As the needs of the industry evolve, Madaket is solving administrative challenges burdening the entire healthcare ecosystem," said Schmidt.
  • Both newly appointed board members bring diverse skills and perspectives that will help Madaket continue to expand its reach and solutions in the healthcare industry.

Xceedance Launches MGA Agility Suite to Enhance Digital Capabilities for Program Administrators

Retrieved on: 
Wednesday, February 7, 2024
Software, Technology, Professional Services, Insurance, Policy, MGA, Ecosystem, Gamma globulin, Agility, Development, Data integration, Technology integration, Management

Designed to revolutionize the way program administrators, managing general agents (MGAs), and managing general underwriters (MGUs) operate, the suite provides comprehensive digital solutions to enhance market presence, underwriting processes, and operational efficiencies.

Key Points: 
  • Designed to revolutionize the way program administrators, managing general agents (MGAs), and managing general underwriters (MGUs) operate, the suite provides comprehensive digital solutions to enhance market presence, underwriting processes, and operational efficiencies.
  • Key features of the MGA Agility Suite include:
    Platform Integration: Quick market entry and scalability while fostering continuous innovation and minimizing ownership costs.
  • Michael Parcelli said, “The MGA Agility Suite represents a pivotal advancement in how MGAs can leverage technology to enhance operational capabilities and market responsiveness.
  • The MGA Agility Suite is a testament to the company’s commitment to advancing the insurance industry through innovative solutions and expert leadership.

Hadron Specialty Insurance Enters UK with Acquisition of Folgate Insurance Company

Retrieved on: 
Thursday, February 1, 2024
Fintech, Professional Services, Insurance, Business, Growth, MGU, AM Best, Gamma globulin, Risk, Acquisition, Financial services

Hadron , a pioneering insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and reinsurance services, today announced its expansion into the UK market with the acquisition of Folgate Insurance Company Limited.

Key Points: 
  • Hadron , a pioneering insurer designed to help Managing General Underwriters (MGUs) accelerate their growth with flexible capacity and reinsurance services, today announced its expansion into the UK market with the acquisition of Folgate Insurance Company Limited.
  • The U.S. entity, Hadron Specialty Insurance Company, has obtained an A- (Excellent) rating from AM Best in Financial Size Category VIII.
  • The acquisition of Folgate expands the Hadron footprint from 50 U.S. states and DC into the UK.
  • “Folgate was established in 1887 and has continuously stood out as a well-run and capitalized insurance entity,” said Ian Russell, Chief Executive Officer & Chief Underwriting Officer of Folgate.

Ryan Specialty Signs Definitive Agreement To Acquire Castel Underwriting Agencies

Retrieved on: 
Thursday, December 21, 2023
Insurance, Professional Services, Marine, Philosophy, Acquisition, BofA Securities, Renewable energy, History, Growth, MGU, Gamma globulin, Management

Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire Castel Underwriting Agencies Limited (“Castel”), a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders.

Key Points: 
  • Ryan Specialty (NYSE: RYAN), a leading international specialty insurance firm, is pleased to announce it has signed a definitive agreement to acquire Castel Underwriting Agencies Limited (“Castel”), a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders.
  • Commenting on this acquisition, Patrick G. Ryan, Founder, Chairman & CEO of Ryan Specialty, said, “Castel is a first-class organization with a history of exceptional performance on all metrics, including underwriting profit and growth.
  • We are very much looking forward to further expanding with this very talented team.”
    Miles Wuller, President and CEO of Ryan Specialty Underwriting Managers, remarked, “Mark and the Castel team have built a remarkable business.
  • We look forward to continuing our successful relationship with Castel and Ryan Specialty.”
    In discussing Ryan Specialty’s acquisition strategy, Patrick G. Ryan said, “Expanding our total addressable market both organically and inorganically remains a top priority for Ryan Specialty.

Distinguished Programs announces Executive Lines Insurance strategic partnership with RSUI subsidiary, Covington Specialty Insurance Company

Retrieved on: 
Tuesday, November 28, 2023
MGA, EPL, D&O, Gamma globulin, Partnership, Employment practices liability, Growth, RSUI, Financial services, Distinguishing

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a national insurance program manager, is pleased to announce its strategic partnership with Covington Specialty Insurance Company, a RSUI Group, Inc. subsidiary, to provide executive lines insurance products exclusively to the wholesale brokerage community.

Key Points: 
  • NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Distinguished Programs ("Distinguished"), a national insurance program manager, is pleased to announce its strategic partnership with Covington Specialty Insurance Company, a RSUI Group, Inc. subsidiary, to provide executive lines insurance products exclusively to the wholesale brokerage community.
  • The Distinguished Executive Lines business will begin accepting submissions on January 2, 2024.
  • "With our top-tier platform in place, I'm pleased to announce that Distinguished Executive Lines is open for business," says Ryan Becker, president of Distinguished Executive Lines.
  • "Both Covington and Distinguished's Executive Lines team are market leaders, with a deep understanding of the nuances of the wholesale channel.

Applied Underwriters Unveils United Risk, Taps Industry Leader Dan Malloy as CEO

Retrieved on: 
Tuesday, November 7, 2023
Well, Risk, Tokio Marine HCC, Insurance, Optimism, Dartmouth, Berkshire Hathaway, Gamma globulin, Chris Day, Growth, MGA Entertainment, MGA, Rockefeller Center, MGU, Management, Fatal Five

OMAHA, Neb., Nov. 7, 2023 /PRNewswire/ -- Applied Underwriters today announced the unveiling of United Risk and the naming of former SiriusPoint CEO and industry leader Dan Malloy to head the newly consolidated enterprise. Built up over the last three years within a single operating platform, United Risk now brings together the entirety of Applied Underwriters' multibillion-dollar MGA and MGU businesses into a single cohesive brand to spur its already remarkable growth.

Key Points: 
  • Newly consolidated top-level holding company harnesses billions in MGA premium, set to expand in select markets with elite veteran teams
    OMAHA, Neb., Nov. 7, 2023 /PRNewswire/ -- Applied Underwriters today announced the unveiling of United Risk and the naming of former SiriusPoint CEO and industry leader Dan Malloy to head the newly consolidated enterprise.
  • Mr. Malloy has been named CEO of United Risk.
  • United Risk will be headquartered on two floors in its new 50 Rockefeller Plaza offices in New York.
  • Our continuing and unprecedented aggregation of talent tells it all: the greater Applied Underwriters organization is here to stay as a contender."