Rob Lenihan
Business Insurance
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Past articles by Rob:
Global commercial lines pricing continues ascent in Q2: Marsh
Global commercial insurance prices rose, on average, for the third consecutive quarter, Marsh LLC said Wednesday. → Read More
Travelers appoints chief financial officer
The Travelers Cos. Inc. on Tuesday said Daniel S. Frey will become chief financial officer, effective Sept. 1, replacing Jay S. Benet, who has held the position since 2002. → Read More
Starr acquires Aspen’s aviation business
Starr Insurance Holdings Inc. on Tuesday said it has agreed to acquire the renewal rights of Aspen Insurance Holdings Ltd.’s aviation business. → Read More
Former Swiss Re exec joins program administrator as president
Pioneer Programs Insurance Solutions L.L.C. on Monday named Michael Kwan as president, taking over for company founder Carole Fleischman, who will remain CEO. → Read More
Pricing falls again in most commercial lines in July: Ivans
Most average commercial insurance renewal premiums decreased by low single-digit percentages in July except for commercial auto and umbrella, according to a monthly report released Monday by insurance exchange Ivans Insurance Solutions. → Read More
Quieter 2018 hurricane season predicted
The 2018 Atlantic hurricane season is expected to be less active than the prior year, the Insurance Information Institute said, as cold water temperatures are expected to reduce the number of storms. → Read More
State high court rules against Wal-Mart in negligence case
The Idaho Supreme Court on Monday ruled in favor of a woman who alleged negligence by Wal-Mart Stores Inc. after was injured slipping in a Wal-Mart store. Clarifying an April ruling and reversing a lower court ruling that had granted summary judgement to Wal-Mart Stores Inc., the state high court ruled that there were disputed facts in the case that should be considered at trial and remanded the… → Read More
Missouri duck boat operator sued for $100 million
Two relatives of the nine Indianapolis family members who were killed when a duck boat sank in a Missouri lake filed a lawsuit Sunday in federal court seeking $100 million in damages. → Read More
Ryan Specialty buys part of rival ARC
Ryan Specialty Group L.L.C. said Monday that it had agreed to buy part of wholesale brokerage ARC Excess & Surplus L.L.C. and take on construction specialist Mike Vollaro. Terms of the deal were not disclosed but Chicago-based RSG said in a statement it will buy certain assets of ARC Specialty Brokerage L.L.C., Jericho, New York-based ARC’s property/casualty division. Led by Mr. Vollaro, 5… → Read More
Michigan State sues insurers for coverage of abuse claims
Michigan State University filed a lawsuit Thursday against 13 insurers seeking coverage for defense costs and damages claims resulting from the sex abuse scandal involving former gymnastics team doctor Larry Nassar. In January, Mr. Nassar, the former USA Gymnastics and Michigan State University doctor, was sentenced to 40 to 175 years in prison after more than 150 women and girls said he had… → Read More
Bank, insurer fight over coverage for cyber attack
A Virginia bank and its insurer have squared off in federal court to determine the scope of coverage for a multimillion-dollar cyberattack. The case of National Bank of Blacksburg v. Everest National Insurance Co. was filed June 28 in U.S. District Court in Roanoke, Virginia. At issue, according to court records, is whether the cyberattack should be covered under the bank’s computer and… → Read More
Gallagher revenue up in second quarter
Arthur J. Gallagher & Co. reported 2018 second-quarter revenue of $1.66 billion, up 11.5% from a year ago. → Read More
Tokio Marine HCC taps Susan Rivera as next CEO
Tokio Marine HCC said Susan Rivera, executive vice president and chief operating officer, has been appointed CEO as of Sept. 1, replacing Christopher J.B. Williams. → Read More
Alliant hire of Willis Towers Watson construction exec sparks dispute
Willis Towers Watson P.L.C. sued its former North American construction leader Sunday, charging that he breached confidentiality agreements after leaving to join rival Alliant Insurance Services Inc. last week. In response to the suit, Alliant said it takes “extraordinary precautions” to ensure that new hires do not disclose confidential or proprietary information from competitors when they join… → Read More
KPMG UK names Mary O’Connor chief risk officer
Big Four audit firm KPMG L.L.P. has named former Willis Towers Watson P.L.C. executive Mary O’Connor to the newly created position of chief risk officer for its U.K. arm. → Read More
Innovation at the forefront of wildfire prevention
Those bracing for another tough wildfire season are looking at innovative technologies, analytics and other strategies to mitigate risk. → Read More
Alliant raids Willis Towers Watson construction practice
Alliant Insurance Services Inc. said Friday that it had plucked three brokers from Willis Towers Watson P.L.C.’s Atlanta area construction practice. Bill Noonan, has been named managing director, construction services group at Newport Beach-based Alliant. He was most recently the North American construction leader for Willis Towers Watson. Prior to joining Willis Towers Watson, he held risk… → Read More
Insurance agency expands with trucking agency buy
Seeman Holtz Property & Casualty Inc. has acquired Transway Insurance Agency L.L.C., which specializes in trucking. → Read More
Cyber and climate risks, human error threaten shipping: Allianz
While large shipping losses have declined 38% over the past decade, a report by Allianz Global Corporate & Specialty S.E. released on Wednesday warned that the industry faces such threats as cyber attacks, climate risks and human error. → Read More
Las Vegas hotel denies liability for concert shooting
The owner of the Las Vegas hotel where a gunman last year opened fire on a concert crowd killing 58 and wounding hundreds more has gone to court seeking a declaration that it is not liable for damages. In a preemptive lawsuit filed in federal court on Friday against hundreds of victims of the attack, MGM Resorts International, which owns the Mandalay Bay resort, and its affiliates claim that… → Read More