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Laurel Rudnick – Business Insurance

FM named Laurel Rudnick senior vice president, chief underwriting officer, for FM Affiliated, its middle-market unit, effective Jan. 1. She succeeds Lyndon Broad, who was recently named executive vice president, staff insurance operations, at FM. Previously, Ms. Rudnick was senior vice president, division manager, for FM...

Westchester makes appointments – Business Insurance

Westchester, the wholesale excess and surplus lines business of Chubb Ltd., Wednesday named Nick Gatt head of its programs business, effective immediately. He succeeds Franklin Sanders, who was appointed head of global underwriting for Chubb Group. Mr. Gatt reports to Dave Lupica, division president of...

Axis agrees loss portfolio transfer for some reinsurance reserves

Axis Capital Holdings Ltd. Tuesday said it has entered into a loss portfolio transfer reinsurance agreement with Enstar Group Ltd., under which it will retrocede $2.3 billion of reinsurance segment reserves. The transaction concerns casualty portfolios related to 2021 and prior underwriting years totaling...

Philadelphia Eagles Denied Covid-19 Insurance Claim

The Philadelphia Eagles football team has lost its bid for federal court reconsideration of the dismissal of the team’s claim for insurance coverage for COVID-19 losses. The Eagles tossed a red flag in November after the...

CRC acquires binding authority operation

Wholesale specialty insurance distributor CRC Group Inc. Monday said it has acquired SLB Insurance Group, a binding authority operation with offices in Ft. Lauderdale, Florida, and New Orleans. Terms of the deal were not disclosed. Founded in 2000, SLB specializes in small to midmarket property...