PEOPLE Markel subsidiary collaborates with Tesla
Tesla has announced that it will launch an in-house insurance program in collaboration with Markel subsidiary State National Insurance Company. State National will serve as a fronting company for the insurance program, while a third party will reinsure most of the risk. The insurance program’s premiums will be determined based on driver data. Markel co-CEO Richard Whitt said State National is supporting “innovative solutions” that Tesla has established with risk-taking partners. Tesla previously created the InsureMyTesla program, in which it partnered with third-party insurers to make insurance more affordable for Tesla drivers.
Frank Cowan unveils public entity cyber coverage
Frank Cowan Company is offering an enhanced cyber product designed for public entities, non-profit organizations and similar classes of businesses. The new product, backed by AXA XL’s Syndicate 2003, features all-inclusive limits of up to $1 million for standard coverages, with higher limits and optional coverage available. Policyholders will also be connected with Frank Cowan’s cyber loss service provider, Crawford & Company, and will have access to education, advice, contract reviews and complimentary templates to help them prepare and recover from a cyber incident.
Sonnet enhances customer experience
In an effort to improve its customer experience, online insurance broker Sonnet Insurance has launched a service that connects clients with other brands it has partnered with. The Sonnet Connect platform allows customers to find insurance-related services from 14 different brands, including Hive, Petscure, Homewise, MovingWaldo, Parent Life Network, CarCostCanada, Carfax Canada, Borrowell, KOHO, LeaseBusters and Wealthsimple. According to Sonnet’s Mark Fujita, the company hopes to add more brands that are “equally committed to making things simple and understandable for Canadians.”
NAME
LEAVING
JOINING
NEW POSITION
Tony Cicio
Samsung Electronics
Argo Group
Chief human resources officer
Jonathan Colello
AXIS Re
PartnerRe
CEO, P&C Americas
Erin Gattoni
Chubb
CNA Canada
Vice-president, human resources
Bruce Hodges
N/A
Foresters Financial
Chief operating officer
Tony Jordan
Chubb
AXIS
Group chief actuary
Christophe Meurier
BNP Paribas
Willis Towers Watson
Global head of financial solutions
Marc Orloff
N/A
Liberty Mutual
General manager, Global Risk Solutions field distributions
David Pigot
Kennedys
McLarens
Director of London markets and global head of specialty
Marco Royer
Aon Benfield
Zurich Canada
Head of liability
Owen Watson
N/A
Kernaghan Adjusters
Vice-president of BC operations
PartnerRe names CEO for P&C Americas
PartnerRe has appointed Jonathan Colello as CEO of P&C Americas and president of Partner Reinsurance Company of the US. Colello joins PartnerRe from Axis Re, where he most recently served as North American president. In his new role, Colello will lead PartnerRe’s property & casualty business in the US, Canada and Latin America, along with its health business in the US. “[Jon’s] extensive reinsurance market knowledge, combined with his proven leadership skills, will be instrumental in leading our teams to further strengthen PartnerRe’s market presence while continuing to build meaningful partnerships with our clients and brokers in both our North American and Latin American markets,” said Partner Re president and CEO Emmanuel Clarke.
McLarens creates new global role
McLarens has appointed David Pigot to the newly created role of director of London markets and global head of specialty. Pigot will help develop solutions for the London market while driving growth in McLarens’ aviation, construction and engineering, crisis management, marine, natural resources, and FAJ and specie divisions. Pigot brings more than 30 years of experience to the role, having overseen large organizations across Europe, the Middle East and Africa. “[David] not only brings the right combination of industry skills and technical expertise, but he also shares our client-centric approach, which is one of McLarens’ fundamental operating principles,” said McLarens CEO Gary Brown.
www.insurancebusiness.ca
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