Neace Lukens, an AssuredPartners, Inc. company, promoted Todd Stocksdale to Southern region leader. In this new role, Stocksdale will be responsible for overseeing the growth and expansion of Neace Lukens’ Southern Indiana, Kentucky, Tennessee and South Carolina offices.
In addition to his new responsibilities as southern region leader, he will continue in his role as managing director for Neace Lukens’ office in New Albany, Ind.
Stocksdale has years of experience in property and casualty insurance, specializing in education, construction, manufacturing and workers’ compensation.
Todd’s first job after graduating from Indiana University Southeast in 1991 was with Neace Lukens and he has remained with the company ever since. He started as a property and casualty producer in September 1991 and remained in that role until being promoted to managing director for the company’s Sellersburg, Ind. office in 1998.
Todd also served as managing director for the Indianapolis, Ind. office of Neace Lukens for more than five years and returned to New Albany, Ind. in 2007 to serve the same role.
In other industry news:
New York Life’s annual Month of Service in September resulted in more than 1,700 employees and agents volunteering in their local communities nationwide. Volunteers worked on 132 community projects to support the childhood bereavement theme and gave more than 8,000 hours of service – the equivalent of 4.6 people working full-time for an entire year. New York Life estimates the monetary value of this volunteer time is more than $174,000.
“I applaud all of the New York Life people who participated in our Month of Service,” said Chris Park, president of the New York Life Foundation. “This is the second year our agents and employees from across the country have come together to give their time and talent to illustrate the company’s continued commitment to improving the lives of young people and their families coping with loss.”
Throughout September, New York Life agents and employees volunteered at bereavement camps for children; raised funds for bereavement organizations; beautified bereavement centers; and created comfort items for grieving children.
The Prudential Insurance Company of America, a Prudential Financial, Inc. company (NYSE: PRU), signed an agreement with Verizon Communications Inc. that is expected to lead to the transfer of approximately $7.5 billion of the Verizon Management Pension Plan obligations to Prudential.
Upon closing, subject to certain conditions is expected to occur in December 2012, the Verizon Management Pension Plan will purchase a group annuity contract from Prudential. Prudential will then assume responsibility for making payments to the retirees covered by the agreement. The agreement covers approximately 41,000 Verizon Management Pension Plan participants who retired and started receiving pension benefits before Jan. 1, 2010.
BrokersLink, a global independent insurance broker network, added 13 new members at its fourth annual global Conference in Madrid.
The new members bring BrokersLink’s total to 70 in almost 100 countries, managing premium volumes in excess of $14 billion from 300 offices globally. They also expand the network’s reach into a number of new territories including Russia, Ukraine, Latvia, Central Asia, the Middle East and Africa.
The thirteen new members are:
- BrokersLink de Mexico, an entity of Lorantms, AARCO, PIMSA, Rainmaker and Cooper Gay’s Mexican operations)
- MonteAlto – Chile
- RSA Seguros – Ecuador
- CINCo Group – Russia, Ukraine, Latvia, Kazakhstan & Uzbekistan
- Hadbrok Insurance Brokers S.A.E. – Egypt
- Kindlon Insurance Group – Ireland
- GIB Group – South Africa and Sub Saharan Africa
- Alpha Assurances – Morocco
- PensionCapital – Germany
- L&E Global – International network of elite boutique employment law firms
- Allied Insurance Brokers Limited - Jamaica
- Arab Commercial Enterprise (ACE) – Middle East
- HighDome PCC – a Protected Cell Company based in Malta
Accenture (NYSE: ACN) unveiled an updated version of its life and annuity insurance software suite, the Accenture Life Insurance Platform. Designed to help life and annuity insurers reduce the time to launch new products, lower operating costs, support global expansion and achieve more profitable growth, the update (release 2012.1) enables:
- Faster life and annuity product deployment to adapt to market and regulatory changes;
- Enhanced fund processing functionality and greater usability;
- Greater multi-national support.
Drew Waterbury joined InSight Employee Benefit Communications as an affiliate partner, expanding the firm’s footprint into the Carolinas.
Waterbury, a certified Financial Planner, founded Ocean Advisors LLC, an investment management and financial planning firm that operates through a fee-only platform, in Charlotte, N.C., in 2006.
Along with providing investment management services, the firm offers financial literacy programs for employees that help employees take control of their personal finances.