Insurance news

• AA staff accuse association over ‘shameful’ price hikes

  07-04-2018 08:00
  New members can face an automatic 124% increase in fees in year two. Now embarrassed members of the salesforce talk about the tacticsIs the AA exploiting its most loyal customers – the elderly but also the very busy – by automatically renewing annual breakdown cover at up to twice the original price, in the expectation many won’t notice?That’s the allegation from two AA staff members who have contacted Guardian Money keen to expose the “shameful and embarrassing&rdq
  
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• Alliant close to Crystal & Co acquisition: sources

  07-04-2018 03:12
  Expansive US retail broker Alliant is closing in on a deal to
  buy New York-based Crystal & Company, The Insurance
  Insider can reveal.
  According to sources, the transaction could be announced as soon
  as next week.
  Family-owned and managed broker Crystal specialises in placing
  insurance for financial institutions and high-net-worth (HNW)
  clients.
  It also has broader property/casualty practices, serving
  segments that include energy, non-profit organisations, real
  estate, hospitality, consumer p
  
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• TransRe names Aspen Re's Cardona as Latin America lead

  07-04-2018 00:28
  TransRe has picked up Latin American and Caribbean specialist
  Hugo Cardona from Aspen Re, earlier this week naming the executive
  as its Miami-based vice president and head of marketing and
  business development for the region.
  The New York-based reinsurance unit of Alleghany described the
  position as a new role and said the job would include managing
  client relationships and building new ones in the vast region.
  Cardona joined Bermuda-based Aspen about two years ago as
  managing director for Latin
  
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• Former Scottsdale executives set up a new E&S carrier

  07-04-2018 00:28
  Former Nationwide insurance unit president Mike Miller is
  teaming up with two ex-colleagues - a former XL Catlin unit leader
  and an information systems executive - to form a new excess and
  surplus carrier called Ategrity Specialty Insurance Company.
  All three men - Miller, John Goodloe and Joe Griffith -
  previously held leadership roles at Nationwide's Scottsdale
  Insurance E&S unit and plan to base Ategrity in the Arizona
  city of that name.
  Details of the new company's capitalisation and any
  
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