Coaction Specialty Insurance

Cover Whale Expands C-Suite with New Chief Operating & Technology Officer

Retrieved on: 
Thursday, November 30, 2023

NEW YORK, Nov. 30, 2023 /PRNewswire/ -- Cover Whale Insurance Solutions, Inc., a leading commercial trucking insurance provider and fast-growing insurtech, today announces the addition of Darryl Siry as Chief Operating & Technology Officer. With an extensive background in technology strategy, operations leadership, and product innovation, Siry is poised to drive Cover Whale's continued growth and enhance its technological capabilities.

Key Points: 
  • NEW YORK, Nov. 30, 2023 /PRNewswire/ -- Cover Whale Insurance Solutions, Inc. , a leading commercial trucking insurance provider and fast-growing insurtech, today announces the addition of Darryl Siry as Chief Operating & Technology Officer.
  • Before joining Cover Whale, Siry held key leadership positions at prominent companies in the insurance and technology industries.
  • Prior to that, he was Chief Technology & Operations Officer at ProSight Specialty Insurance where he led the technology, customer experience and operations functions of the company.
  • "Cover Whale is the perfect example of how technology can drive insurance results and create value for customers and agents.

John Livatino Joins QBE North America as Senior Vice President and Head of Healthcare Liability

Retrieved on: 
Tuesday, November 14, 2023

NEW YORK, Nov. 14, 2023 /PRNewswire/ -- QBE North America today announced that John Livatino has joined the company as Senior Vice President and Head of Healthcare Liability, reporting to Dan Fortin, President of Specialty Insurance.

Key Points: 
  • NEW YORK, Nov. 14, 2023 /PRNewswire/ -- QBE North America today announced that John Livatino has joined the company as Senior Vice President and Head of Healthcare Liability, reporting to Dan Fortin, President of Specialty Insurance.
  • John joins QBE following 25 years of underwriting experience in specialty insurance.
  • In his new role, Livatino will be responsible for planning, directing and executing the vision for the healthcare liability segment at QBE by leveraging his deep expertise and strong cross‑functional relationships.
  • "We're excited to welcome John to this role, as QBE develops its healthcare liability segment," said Dan Fortin.

Ex-Goldman Sachs Executives Partner with Insurance Veterans to Launch Global Transactional Risk Firm, Birch Risk Advisors

Retrieved on: 
Tuesday, November 7, 2023

NEW YORK, Nov. 7, 2023 /PRNewswire/ -- As dealmakers across Wall Street and corporate America increasingly turn to transactional risk insurance, an accomplished team of former tax attorneys and investment bankers today announced the launch of New York-based Birch Risk Advisors. Backed by global insurer AmTrust Financial, the new insurance advisory firm will be led by Steve Bunson, Barry Sklar, Sheldon Elefant, and David Danesh.

Key Points: 
  • Elefant, previously the U.S. Head of Tax Insurance at Willis Towers Watson, and Danesh, previously SVP and Director in the Specialty Insurance practice at Alliant Insurance, are well-known tax attorneys with extensive transactional risk experience across the global M&A markets and tax-controversy landscape.
  • Birch Risk Advisors offers bespoke solutions, including:
    Tax Insurance—transferring uncertain tax exposure to top-rated insurance carriers, inside and outside of M&A transactions.
  • Notably, a significant tailwind powering the recent demand for transactional risk insurance is President Biden's landmark Inflation Reduction Act (IRA).
  • "With the evolution of the transactional risk insurance market, insurance capital is now a powerful solution for complex M&A transactions and uncertain balance sheet risks," said Steve Bunson, Advisory Director at Birch Risk.

Mark Kollar Consulting Group Partners with Understudy to Incorporate AI-driven decisions into their Underwriting Process

Retrieved on: 
Tuesday, October 17, 2023

INDIANAPOLIS, Oct. 17, 2023 /PRNewswire-PRWeb/ -- Mark Kollar Consulting Group is excited to partner with Understudy Insurance Services. This appointment will allow us to add powerful artificial intelligence technology into our product portfolio. Understudy Insurance Services (Understudy) provides unparalleled visibility into exposures. Built to support the MGA/MGU – Carrier relationship, Understudy provides a unique platform that enhances the underwriting process and provides carriers with never-before-seen visibility into risks bound by their broker partners. Using unprecedented risk insights, Understudy assists Carriers and MGAs/MGUs when they're making critical underwriting decisions.

Key Points: 
  • Mark Kollar Consulting Group is excited to partner with Understudy Insurance Services.
  • INDIANAPOLIS, Oct. 17, 2023 /PRNewswire-PRWeb/ -- Mark Kollar Consulting Group is excited to partner with Understudy Insurance Services.
  • Built to support the MGA/MGU – Carrier relationship, Understudy provides a unique platform that enhances the underwriting process and provides carriers with never-before-seen visibility into risks bound by their broker partners.
  • Using proprietary workflow, Understudy collects data from a variety of sources, compares to Underwriting Guidelines, appetite, etc, and provides an underwriting report to assist in underwriting decisions.

SCOR launches its new strategic plan: “Forward 2026”

Retrieved on: 
Thursday, September 7, 2023

At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.

Key Points: 
  • At its 2023 Investor Day in Paris, SCOR presents its new strategic plan for 2024-2026, Forward 2026.
  • With Forward 2026, SCOR will drive value creation for its shareholders, clients, employees, and for society as a whole.
  • Through this strategic plan, SCOR will strengthen its global leadership and become a dynamic, data-driven manager of risk, capital, and resources.
  • Fabrice Brégier, Chairman of SCOR, comments: “Thierry Léger and his team have built an ambitious strategic plan for SCOR for the next three years.

New Hire Strengthens Fortegra's Executive Leadership Team

Retrieved on: 
Tuesday, August 15, 2023

At that time, Mike Grasher, Fortegra's current CFO, will transition to executive vice president, international business development.

Key Points: 
  • At that time, Mike Grasher, Fortegra's current CFO, will transition to executive vice president, international business development.
  • The appointment of Mr. Peña adds to an already deep bench of experienced and highly qualified senior executives at Fortegra.
  • Rick Kahlbaugh, who is the chief executive officer of Fortegra, said: "We are thrilled to have Ed join the Fortegra team.
  • "I am confident that he and the team in London will build Fortegra's specialty insurance presence in strategic markets abroad, further accelerating our growth."

New Hire Strengthens Fortegra's Executive Leadership Team

Retrieved on: 
Tuesday, August 15, 2023

At that time, Mike Grasher, Fortegra's current CFO, will transition to executive vice president, international business development.

Key Points: 
  • At that time, Mike Grasher, Fortegra's current CFO, will transition to executive vice president, international business development.
  • The appointment of Mr. Peña adds to an already deep bench of experienced and highly qualified senior executives at Fortegra.
  • Rick Kahlbaugh, who is the chief executive officer of Fortegra, said: "We are thrilled to have Ed join the Fortegra team.
  • "I am confident that he and the team in London will build Fortegra's specialty insurance presence in strategic markets abroad, further accelerating our growth."

Euclid Fiduciary Expands Management Liability Insurance Division with New Chief Underwriting Officer, Keith M. Lavigne

Retrieved on: 
Thursday, June 29, 2023

SUMMIT, N.J. , June 29, 2023 /PRNewswire/ -- Euclid Fiduciary, a division of Specialty Program Group LLC (SPG), announced the hiring of Keith M. Lavigne as Chief Underwriting Officer, Management Liability.

Key Points: 
  • SUMMIT, N.J. , June 29, 2023 /PRNewswire/ -- Euclid Fiduciary, a division of Specialty Program Group LLC (SPG), announced the hiring of Keith M. Lavigne as Chief Underwriting Officer, Management Liability.
  • He will lead Euclid Fiduciary's business plan to expand its management liability insurance and related executive liability insurance products and deliver profitable long-term underwriting results for its program carrier.
  • Keith's deep management liability insurance expertise and experience in insurance comes from over 25 years in underwriting, finance, and accounting.
  • Euclid Fiduciary is a premier provider of fiduciary liability insurance for America's employee benefit plans and plan sponsors.

Coaction Specialty Selects Percipience’s Data Magnifier

Retrieved on: 
Wednesday, May 17, 2023

NEW ORLEANS, May 17, 2023 (GLOBE NEWSWIRE) -- Percipience , an insurtech data and analytics software provider, is pleased to announce Coaction Specialty Insurance Company (Coaction Specialty) has selected the company’s platform independent data and analytics solution, Data Magnifier, to establish a new enterprise data hub.

Key Points: 
  • NEW ORLEANS, May 17, 2023 (GLOBE NEWSWIRE) -- Percipience , an insurtech data and analytics software provider, is pleased to announce Coaction Specialty Insurance Company (Coaction Specialty) has selected the company’s platform independent data and analytics solution, Data Magnifier, to establish a new enterprise data hub.
  • Based in Morristown, New Jersey, Coaction Specialty is a wholly owned subsidiary of Coaction Global (Coaction), a B Corporation-certified insurance holding company focused on specialty property and casualty (P&C) coverages.
  • “Percipience offers an end-to-end solution that provides speed to delivery, comprehensive data insights in the insurance space, and a vehicle to govern our data,” said Bill Hart, CTO for Coaction Specialty .
  • “Specialty insurance is a strong segment for Percipience and Data Magnifier,” said Bruce F. Broussard Jr., managing partner at Percipience .