Alterra Appoints Chief Claims Officer in New York

October 19, 2012Email ThisPrintNewslettersTweetArticleComments

Alterra Capital Holdings Limited recently appointed Nicholas Conca to the newly created position of chief claims officer, insurance. Conca, based in New York City, will start his new position in November.

Conca has more than 20 years of insurance industry experience, including many years of direct or managerial involvement with insurance claims operations. He was most recently executive vice president of U.S. operations for Integro Insurance Brokers, and was previously with Crystal & Co., Liberty International and Reliance National.

Conca began his career at the law firm of Wilson Elser Edelman Moskowitz & Dicker, where he served as claims counsel to major insurance companies.

Alterra Capital Holdings Limited, headquartered in Bermuda, provides diversified specialty insurance and reinsurance products to corporations, public entities, and property/casualty insurers in North America, Europe, and internationally. The company had $158 million net profit for the first half of 2012.

 

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Badal Joins Marketform as Chief Risk Officer

September 28, 2012Email ThisPrintNewslettersTweetArticleComments

Specialist Lloyd’s insurer Marketform, a wholly owned division the American Financial Group, announced that Veekash Badal will join the management team on October 1, 2012, in the newly created role of Chief Risk Officer. He will lead the risk and actuarial functions within the business.

Badal joins Marketform from Jubilee Managing Agency where he was Chief Actuary. Previously, he held the position of Chief Actuary at Whittington and was Head of the Market Capital team at Lloyd’s.

“This appointment adds additional depth and breadth to Marketform’s leadership team and follows on from the June announcements naming of John O’Neill as Chief Executive Officer and Andy Ribaudo as Chief Financial Officer,” said the announcement.

Marketform also announced that Oliver Lister has been appointed to the role of General Liability Class Underwriter. He was previously its Group Business Development Director. Lister joined the company in 2008 from Lloyd’s broker RFIB where he had oversight of the binding authority facilities and line slip division with particular focus on casualty classes.

O’Neill commented:

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Chief Investment Officer Blumer to Step down from Swiss Re Post

October 5, 2012Email ThisPrintNewslettersTweetArticleComments

Swiss Re’s Board of Directors has announced that Chief Investment Officer David Blumer has decided to leave the company, effective November 1, 2012. His successor will be announced in due course.

Blumer joined Swiss Re in May 2008 as Head of Asset Management and member of Swiss Re’s Executive Committee. In October 2010 he assumedthe role of Chairman of Admin Re

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Grange Insurance Names Lin as New Chief Actuary

September 28, 2012Email ThisPrintNewslettersTweetArticleComments

Grange Insurance, headquartered in Columbus, Ohio, announced that Ken Lin has been promoted to vice president, chief actuary, effective Oct. 8.

Curt Parker, who has served in this role since 2001, will remain senior advisor to the president and CEO until he retires in February 2013.

Lin brings 15 years of actuarial experience to the position, with seven of those at Grange where he has served as assistant vice president, reserving and personal lines pricing manager; assistant vice president, commercial lines pricing manager; and corporate actuary. Prior to joining Grange in 2005, he held a series of actuarial positions at CNA and Fireman’s Fund.

Lin is a Fellow of the Casualty Actuarial Society.

Source:Grange Insurance

 

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Former Hackensack, N.J., Police Chief Sentenced for Insurance Fraud

September 21, 2012Email ThisPrintNewslettersTweetArticleComments

A judge sentenced former Hackensack Police Chief Ken Zisa to five years in prison on Thursday.

Zisa will remain free on bail while he appeals his conviction for improperly removing his then-girlfriend from the scene of an accident in 2008 and filing a fraudulent insurance claim for $11,000 in damages.

Zisa was sentenced to five years for official misconduct and three years for insurance fraud. The terms will run concurrently.

The Record newspaper reports Zisa told the judge he had nothing to add to what his lawyer already said.

In an unusual move last week, the judge overturned three official misconduct convictions stemming from allegations that Zisa failed to recuse himself from a 2004 investigation of his then-girlfriend’s sons.

The judge said he had substantial concerns about the evidence.

 

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