Arthur J. Gallagher Acquires Insurance Risk Managers of Missouri

January 8, 2013Email ThisPrintNewslettersTweetArticleComments

Arthur J. Gallagher & Co. has acquired Insurance Risk Managers of Missouri Inc. in St. Louis. Terms of the transaction were not disclosed.

Founded in 1996, Insurance Risk Managers of Missouri (IRM) is a retail insurance broker providing commercial property/casualty and risk management insurance services for clients throughout the United States. The firm specializes in insurance coverage for the moving and storage industry including owner/operator segments.

Patrick E. McAleenan, Novis D. Adkins and their associates will continue to operate in St. Louis under the direction of Mike Henthorn, head of Gallagher’s South Central retail property/casualty brokerage operation.

Arthur J. Gallagher & Co., an international insurance brokerage and risk management services firm, is headquartered in Itasca, Ill.

Source: Arthur J. Gallagher & Co.

 

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Monitor Liability Managers Promotes Lyngaas to Vice President

January 8, 2013Email ThisPrintNewslettersTweetArticle1 Comments

Monitor Liability Managers LLC, based in Rolling Meadows, Ill., has promoted Lynette Lyngaas to the position of vice president of underwriting – employment practices liability, management liability.

Lyngaas, formerly assistant vice president of underwriting – employment practices liability, management liability, is responsible for overseeing all aspects of Monitor’s employment practices liability and management liability product lines. She was integral in developing Monitor’s current industry-specific EPLI programs and continues to design new coverage enhancements to meet the needs of Monitor’s insureds.

Lyngaas has 23 years of insurance industry experience.

Source: Monitor Liability Managers

 

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Oklahoma Bill Would Regulate Pharmacy Benefit Managers

February 13, 2013Email ThisPrintNewslettersTweetArticleComments

A bill introduced in the Oklahoma Legislature seeks to regulate pharmacy benefit managers

State Rep. David Derby (R-Owasso) and state Sen. Rob Standridge (R-Norman) introduced House 2100, to bring pharmacy benefit managers under the regulation of the Oklahoma State Board of Pharmacy.

Derby said pharmacy benefit managers have increasingly become direct deliverers of prescription drugs to patients through out-of-state mail-order systems, but have yet to be regulated in the same way as their licensed colleagues practicing in the Oklahoma retail community pharmacy setting.

To protect patients under industry confidentiality standards and to minimize wasteful prescriptions in a costly industry, House Bill 2100 would extend well-meaning regulation to this larger prescription drug delivery industry.

Derby pointed out the issue at the core of the legislation.

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N.Y.-Based WKFC Underwriting Managers Hires Executive Vice President

January 25, 2013Email ThisPrintNewslettersTweetArticleComments

Melville, N.Y.-based WKFC Underwriting Managers appointed Brian Specht as executive vice president, professional lines.

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Berkley Corp. Forms Berkley Public Entity Managers

April 4, 2012Email ThisPrintNewslettersTweetArticleComments

W. R. Berkley Corp. has formed Berkley Public Entity Managers, LLC, which will offer coverages to self-insured public entities — individual and groups. Berkley Public Entity Managers will underwrite on behalf of W. R. Berkley Corp. member insurance companies and will be headquartered in Philadelphia.

Richard B. Vincelette has been named president of Berkley Public Entity Managers. Vincelette has 35 years of experience in the property casualty insurance industry, including over 25 years of focus on public entity risks. He previously served as the industry practice leader for public entity at a major international insurer.

Brian T. Whooley has been named senior vice president – underwriting of Berkley Public Entity Managers. Whooley has more than 25 years of experience in the property casualty insurance industry. Previously, he served as underwriting vice president for a major international insurer.

 

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