Berkley introduces new lines brand for wealthy clients
High net worth individuals are the focus for a new personal lines brand from W.R. Berkley Corporation.
The insurance firm has launched Berkley One which will begin offering products in the second half of 2017 through select expert independent agents and brokers.
“The name Berkley One signifies the blending of the collective know how, experience and expertise of Berkley into one-on-one personalized relationships with customers and producers designed to respond to the lifestyles and changing needs of a modern generation of affluence,” explained W. Robert Berkley, Jr., president and chief executive officer of W. R. Berkley Corporation.
Allianz tasks financial services chief with building new business unit
Robert DeChellis, who has been at the helm of Allianz Life Financial Services for the past decade has been tasked with building a new business unit for Allianz Life Insurance Company of North America.
Beginning in January, DeChellis will build a unit which takes a holistic approach to financial planning including guaranteed lifetime income solutions and asset protection.
“Robert has done an outstanding job leading Allianz Life Financial Services over the past decade,” said Allianz Life President and Chief Executive Officer Walter White. “In addition, as a result of his work we now have a unique opportunity to provide financial professionals a new and comprehensive solution for their clients.”
Combined ranked A+ for customer interaction
Chubb’s Combined Insurance business has received an A+ rating from the Better Business Bureau, recognizing its high standards of interaction with customers.
The insurer has been a BBB-rated company since 1954 for its commitment to customer service including being transparent, honest, responsive and safeguarding privacy.
"Combined Insurance is honored to receive an A+ rating again this year from the Better Business Bureau," said Dennis Ontaneda, Vice President, Sales for Combined Insurance, who also serves on the BBB board of directors.
"This accreditation validates that our strategy, practices, and standards continue to meet the needs of our policyholders—serving them with utmost integrity now and in the future,” he added.
Cyber attack costs Russian central bank $31 million
Russia’s central bank has become the latest major financial institution to be targeted by hackers.
The cyber attack resulted in $31 million (2 billion rubles) being stolen from accounts although the losses could have been far worse as the hackers had attempted to steal more than twice the amount.
Earlier this year the Bangladesh central bank was hacked with $81 million stolen.
