Thursday, July 24, 2008

People Going Places: Morris, Parr, Talerico.....

Insurance industry people are on the move. If you have an announcement you want published, email it to: eastcoastdt@aol.com.

* Joseph Morris has been named president and CEO of James River Insurance Company and its affiliate James River Management Company Inc., effective Aug. 25. Morris has over 28 years of insurance industry experience and most recently served as president and CEO of The Philadelphia Contributionship, the oldest insurance company in the United States.

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Robert Parr has been named senior vice president of sales and marketing of Fringe Benefits Management Company (FBMC), one of the nations leading Employee Benefits Solutions. Parr has more than 30 years of experience in the employee benefits business including six years as an independent insurance agent.

* Narragansett Bay Insurance Company reported the addition of Mark Talerico as chief risk officer. Overseeing Narragansett Insurance's distribution of risk in homeowners insurance, Talerico will guide the company's exposure management, applying his insights developed over 25 years of insurance and financial experience.

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ACE noted the appointment of Phil Sharpe as director of casualty and major risks for the UK & Ireland. In his role, Sharpe will manage ACE UKs casualty portfolio across all 11 of its offices in the UK and Ireland, as well as co-ordinating the major risk activity.

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Lester Knight, an independent director since 1999, has been elected non-executive chairman of the Board of Aon Corporation. Knight, 50, succeeds Patrick Ryan, Aon's executive chairman and founder, who previously announced his intention to retire on Aug. 1, 2008. Knight is a founding and managing partner of RoundTable Healthcare Partners, a healthcare-focused private equity investment firm.

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