Coverys European Holdings Launched with Senior Appointments

January 13, 2020 by matray

Coverys, a provider of medical professional liability insurance, announced the formal launch of Coverys European Holdings Limited (CEH), an agency platform and network that will invest in and collaborate with managing general agencies in Continental Europe and the United Kingdom (UK), specializing in the professional lines sector.

CEH will be led by a management team headed by Steven Spano as CEO and Doug Robare, who has been appointed as chief underwriting officer, supported by the resources available within Coverys UK, and with the full engagement of Coverys.

The new business will target non-competing MGAs across Europe with complementary portfolios in the professional lines sector. CEH is developing infrastructure and technology across the business to help improve MGA performance and reduce operating costs.

Spano, who worked as UK country manager at Generali Group, also served as chief financial officer for Generali UK and as chief financial officer of Travelers Managing agency at Lloyd’s. Robare, who previously served as global head of financial lines at Generali Group and as head of financial lines and professional liability at Aviva, began his career at AIG Europe.

“Coverys European Holdings marks another key milestone in the Coverys international growth strategy,” said Philippe Sloan, director of underwriting for the Coverys Managing Agency and a director of CEH. “Steven and Doug are the ideal candidates to launch a business which will set itself apart through its focus on exceptional underwriting. We will empower MGA’s across Europe and the UK by providing them with the pricing and infrastructure capabilities and support to grow as we enter a hardening market. This is an exciting time for Coverys and we are certain CEH will make an immediate and clear impact in our target markets.”

“There is a clear gap in the market for a new approach to bring together MGA businesses with a common interest,” said Steven Spano, chief executive officer of Coverys European Holdings. “The Coverys philosophy is based on investing in specialist underwriting expertise. Through this new venture, CEH will enable skilled underwriters to participate in a network that allows them to leverage new avenues for distribution and to offer a broader suite of products, with the immediate focus being in the professional lines space.”

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CMIC Promotes Michelle M. Ursini to Vice President of Business Development & Marketing and Garrett P. Cronin to Vice President of Member Services & Underwriting at CMIC Group

January 8, 2020 by matray

CMIC Group announced that Michelle M. Ursini, previously the director of business development and marketing, has been promoted to the role of vice president of business development and marketing. Additionally, Garrett P. Cronin, previously the director of member services and underwriting, has been promoted to the role of vice president of underwriting and member services.

Ursini came to the CMIC in 2016 and has more than 15 years of experience in the professional liability insurance industry. She leads the company’s business development and marketing efforts, enhancing CMIC’s market presence and brand recognition throughout the company’s footprint.

“Shelly’s broad knowledge on the industry has positively impacted the company,” said Stephen J. Gallant, chief executive officer of CMIC Group. “Her past broker and carrier experience have been a tremendous asset.”

Cronin has more than 25 years of experience in the insurance industry. Through his role at CMIC, he oversees a variety of initiatives within the member services and underwriting department, including the integration of a new internal data system. He also manages the company’s rate reviews and filings, reinsurance contracts and ancillary product development.

“Garrett continues to evaluate our coverage options to enhance our product offerings for our policyholders,” Gallant said. “We look forward to his leadership as we continue to grow the company.”

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Pinnacle Actuaries Resources Names Timothy C. Mosler Principal and Consulting Actuary

January 7, 2020 by matray

Actuarial consulting firm Pinnacle Actuarial Resources announced that Tim Mosler has been named a principal and consulting actuary.

Mosler joined Pinnacle in 2014 and has been in the property/casualty insurance industry since 1996. He has been a consultant since 2001, specializing in the areas of medical professional liability, workers’ compensation, general liability and commercial automobile insurance. His clients include insurance companies, captives, health systems, self-insurance funds and government risk pools.

“Pinnacle is pleased to welcome Tim Mosler to our principal group,” said Joe Herbers, Pinnacle managing principal. “Since joining Pinnacle, Tim has driven superior service for clients and demonstrated commitment to our firm values of teamwork, professionalism, eminence and development of our people. He will continue to be an outstanding representative of Pinnacle and help grow our influence and prominence within the profession.”

Mosler previously served as director and consulting actuary and a member of Pinnacle’s executive team. He currently leads Pinnacle’s research function, which keeps the firm ahead of major trends, directions and innovations in the insurance industry and actuarial profession.

“I’m honored to be invited to join Pinnacle’s exceptional group of principals,” Mosler said. “The firm and its principal group have a tremendous industry reputation, built on integrity, quality of work and dedication to our clients. I’ll work to contribute to that legacy and advance the firm’s sterling reputation within the insurance and actuarial communities.”

Mosler has been active in the actuarial profession, serving on numerous Casualty Actuarial Society and American Academy of Actuaries committees, including the CAS Exam and E-Forum committees and the CAS Member Advisory Panel since 2007. He has presented at numerous industry forums and panels and shared his thought leadership in various publications. He will continue to be based in the firm’s Atlanta, Georgia, office.

“Tim is a great professional and will be an asset to the firm in his new role as principal,” Herbers said. “I’ve been fortunate to work alongside Tim for several years, and witness his professionalism and technical expertise first-hand. Pinnacle has been fortunate to have him as a leader and our clients will continue to benefit from his skills, knowledge and experience.”

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