Chubb Strengthens Transactional Risk Leadership Team

Chubb today announced that it is strengthening its transactional risk leadership team in response to increasing demand for risk protection to help facilitate merger and acquisition (M&A) activity and other transactional deals throughout North America and abroad.

“Strategic buyers are increasingly acquiring businesses from private equity firms; U.S. companies reportedly spent a record $142 billionto buy 252 businesses from private equity investors in 2015 alone,” said Steven Goldman, Executive Vice President, Financial Lines. “The demand for transactional risk products continues to rise as deal participants increasingly recognize that these coverages offer the high degree of sophistication and flexibility that complex transactions require. To meet the increasing demand for this coverage, we are growing our team, and plan to add several additional M&A attorneys with significant experience in this area to our high-caliber staff.”

The following individuals will lead this initiative for Chubb, working with a team of colleagues worldwide who have deep industry knowledge and expertise in the transactional space:

  • Edward Markovich, Senior Vice President, and Randy Hein, Senior Vice President, will be responsible for managing underwriting, growth and profitability in North America. Mr. Markovich and Mr. Hein will report to Mr. Goldman and will be based in New York.
  • Richard Britain, Vice President, will be responsible for managing underwriting, growth and profitability in Asia and Europe. Mr. Britain will report to Tim O’Donnell, Executive Vice President, Financial Lines, and will be based in London.

“Ed, Randy and Richard have extensive experience in both the insurance and financial services sectors, providing a deep understanding of how transactional risk coverage can help deal principals and their advisors resolve difficult negotiations and execute upon the deal,” said Mr. Goldman.

Transactional risk products enable parties to efficiently transfer certain deal-related risks, strategically enhancing a party’s position in competitive auctions and bridging gaps in transactions that might not otherwise close. Chubb’s transactional risk product line is comprised of three key offerings, each with maximum limits of $50 million:

  • Representations & Warranties Insurance protects the insured for financial losses in the event of unknown breaches of a seller’s representations and warranties made in connection with the sale or merger of a business.
  • Tax Indemnity Insurance protects the insured against known contingent tax exposures resulting from the tax treatment of a transaction, investment or other legitimate business activity.
  • Contingent Liability Insurance protects the insured against known exposures that may arise after the close of a transaction, such as successor liability, open-ended indemnities and/or other potential risks.

Transactional risk products are offered within Chubb’s Financial Lines group, through a specialized unit focused on the unique and complex challenges that organizations face in today’s ever-changing economic environment. This includes dealmakers such as strategic buyers and sellers, private equity sponsors and business owners and their respective advisors and managers.

Product highlights are summaries only; please see the actual policy for terms and conditions. Product offerings may vary by location.

About Chubb
Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is distinguished by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength, underwriting excellence, superior claims handling expertise and local operations globally.  Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index.  Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 30,000 people worldwide. Additional information can be found at:

Five Things You’re Doing Wrong Every Morning

Five Things You’re Doing Wrong Every Morning

JAYSON DEMERS | CONTRIBUTOR Founder and CEO, AudienceBloom

For many of us, the morning doesn’t seem like it’s anything important. The time between your initial wakeup and your arrival to the office is usually a blur, and your routine has become so second-nature that you never think to change it.

Unfortunately, our morning tasks are much more significant than we’d like to admit, and our bad habits tend to accumulate over time. The morning sets a tone for how the rest of the day is going to go, and even a handful of small mistakes can take its toll on your productivity in the afternoon and beyond.

Take a look at these five common morning routine mistakes, and think critically about how you can change your mornings for the better:

1. Waking up to unpleasantness

Sometimes, waking up to an unpleasant noise or an unpleasant situation is unavoidable. But choosing the most annoying alarm noise on your phone isn’t the best decision — it’s going to make your first feeling of the day one of irritation or annoyance.

Similarly, don’t let yourself fall into a cycle of hitting snooze for five minutes only to hear the annoying sound again. When you wake up, wake up for good — even if it’s hard — and try to gently bring yourself out of sleep. Using some of your favorite music or going to bed early to nab some extra sleep are good tactics to make the awakening process easier.

2. Rushing through your routine 

You’re more likely to have off days when you’re running late and you need to rush through your entire routine to make it to the office on time, but when that morning rush becomes a habit, it starts to have damaging consequences.

Flying through your routine gives your brain no time to decompress or prepare for the day. Instead, you’re stressing out over all the mini tasks you have to accomplish and how long it’s going to take you to get them done. If this sounds like you, try waking up a half hour earlier so you have more time to finish things in a reasonable timeframe.

3. Skipping breakfast 

This is sometimes the result of rushing through your routine, but many people have given up on breakfast altogether. They view it as an unnecessary meal, or prefer to start the day with something non-nutritious, like a cup of coffee or tea. While coffee can perk you up, it’s not going to provide the nutrition you need for long-term energy.

Eat a hearty breakfast of fruit, complex carbohydrates and protein to keep yourself focused for a longer portion of the day. All it takes is an extra 15 minutes of preparation. If your routine can’t spare those 15 minutes, you probably have bigger problems than breakfast.

4. Throwing yourself into work 

You wake up and one of the first things you do is check your email, make a call to one of your clients or start tackling a big problem from the day before. Does this sound like you?

It may seem like throwing yourself into work immediately is one of the most productive choices you can make — after all, you’re eliminating down time in favor of more direct working time. But doing so can actually harm your long-term productivity because you have no warm-up or cool-down period.

Take some time in the morning to meditate, exercise or do something you enjoy doing. This will “reset” your brain and allow you to better focus on your work when it’s time to actually start.

5. Putting off your difficult tasks 

There’s always a major challenge on the docket, whether it’s a last-minute rush or a huge project that isn’t due for months. Whatever it is, you probably dread doing it, and when you get things started in the morning, the last thing you want to do is something challenging. But tackling your most challenging tasks early on in the day is actually beneficial. It leaves you feeling a sense of motivating accomplishment, and all your other tasks will seem easier by comparison.

Your mornings will never be perfect. You aren’t going to nail down a “perfect” routine that always goes right and always sets your day up for success, but you can mitigate the detrimental habits that tend to creep into your routine after years of repetition.

Don’t be discouraged if you encounter difficulty at first. Routines take consistency, discipline and time to change effectively, and introducing a sudden change to your routine may throw you off for the first few days. Stay committed to your target changes, and eventually, they’re going to pay off with greater productivity and a better mental attitude to start the day.

Source: Entrepreneur

THE Secret to Being a Great Insurance Agent – in only 263 Words

THE Secret to Being a Great Insurance Agent – in only 263 Words

By Christopher J. Boggs | Academy Journal Blog

Several years ago a relatively new insurance producer asked me this seemingly simple question, “So, what is the secret to the insurance business?” Mine was a somewhat simplistic answer with deep meaning (and a profound impact on his career).

The secret to the insurance business is the realization that if you do ‘this’ (advising on and providing coverage) wrong, you could ruin someone’s life.” That’s it… that is the secret to the insurance business.

When you finally realize this truth – that coverage matters and insurance is not a commodity – your whole approach changes. You:

  • Want and have the internal drive to learn everything you can about coverages, statutes, and coverage options;
  • Learn everything you can about your client’s industry to assure you are providing the correct coverages;
  • See yourself as a key advisor for and to your client;
  • Are no longer afraid to cold call or even “warm chatter” because you are more afraid the other agent didn’t do “it” right (leaving the client exposed to personal financial tragedy);
  • Take time to develop a detailed underwriting packet submission so your underwriters understand the risk and what you are doing for your client;
  • Focus discussions on exposure, making price secondary (you stop leading with price); and
  • Are always unsatisfied with your level of knowledge (and even a little afraid) because you know there is so much more to learn.

Professional agents should be more concerned about the client’s exposures than even the client is because of the significant consequences of improper or missing coverages. Insurance is about saving your client from ruin!

More from Academy Journal Blog

Source: Insurance Journal

60 Quotes that Will Change the Way You Think


In your quiet moments, what do you think about?  How far you’ve come, or how far you have to go?  Your strengths, or your weaknesses?  The best that might happen, or the worst that might come to be?  In your quiet moments, pay attention to your thoughts.  Because maybe, just maybe, the only thing that needs to shift in order for you to experience more happiness, more love, and more vitality, is your way of thinking.

Here are 60 thought-provoking quotes and life lessons gathered from our book and our blog archive that will help you adjust your way of thinking.

  1. You cannot change what you refuse to confront.
  2. Sometimes good things fall apart so better things can fall together.
  3. Don’t think of cost.  Think of value.
  4. Sometimes you need to distance yourself to see things clearly.
  5. Too many people buy things they don’t need with money they don’t have to impress people they don’t know.  Read Rich Dad, Poor Dad.
  6. No matter how many mistakes you make or how slow you progress, you are still way ahead of everyone who isn’t trying.
  7. If a person wants to be a part of your life, they will make an obvious effort to do so.  Think twice before reserving a space in your heart for people who do not make an effort to stay.
  8. Making one person smile can change the world – maybe not the whole world, but their world.
  9. Saying someone is ugly doesn’t make you any prettier.
  10. The only normal people you know are the ones you don’t know very well.
  11. Life is 10% of what happens to you and 90% of how you react to it.
  12. The most painful thing is losing yourself in the process of loving someone too much, and forgetting that you are special too.
  13. It’s better to be alone than to be in bad company.
  14. As we grow up, we realize it becomes less important to have more friends and more important to have real ones.
  15. Making a hundred friends is not a miracle.  The miracle is to make a single friend who will stand by your side even when hundreds are against you.
  16. Giving up doesn’t always mean you’re weak, sometimes it means you are strong enough and smart enough to let go and move on.
  17. Don’t say you don’t have enough time. You have exactly the same number of hours per day that were given to Helen Keller, Pasteur, Michaelangelo, Mother Teresea, Leonardo da Vinci, Thomas Jefferson, Albert Einstein, etc…
  18. If you really want to do something, you’ll find a way. If you don’t, you’ll find an excuse.
  19. Don’t choose the one who is beautiful to the world; choose the one who makes your world beautiful.
  20. Falling in love is not a choice.  To stay in love is.
  21. True love isn’t about being inseparable; it’s about two people being true to each other even when they are separated.
  22. While you’re busy looking for the perfect person, you’ll probably miss the imperfect person who could make you perfectly happy.
  23. Never do something permanently foolish just because you are temporarily upset.
  24. You can learn great things from your mistakes when you aren’t busy denying them.  Read The 7 Habits of Highly Effective People.
  25. In life, if you don’t risk anything, you risk everything.
  26. When you stop chasing the wrong things you give the right things a chance to catch you.
  27. Every single thing that has ever happened in your life is preparing you for a moment that is yet to come.
  28. There isn’t anything noble about being superior to another person.  True nobility is in being superior to the person you once were.
  29. Trying to be someone else is a waste of the person you are.
  30. You will never become who you want to be if you keep blaming everyone else for who you are now.
  31. People are more what they hide than what they show.
  32. Sometimes people don’t notice the things others do for them until they stop doing them.
  33. Don’t listen to what people say, watch what they do.
  34. Being alone does not mean you are lonely, and being lonely does not mean you are alone.
  35. Love is not about sex, going on fancy dates, or showing off.  It’s about being with a person who makes you happy in a way nobody else can.
  36. Anyone can come into your life and say how much they love you.  It takes someone really special to stay in your life and show how much they love you.
  37. Burn the candles, use the nice sheets, wear the fancy lingerie.  Don’t save it for a special occasion; today is special.
  38. Love and appreciate your parents.  We are often so busy growing up, we forget they are also growing old.
  39. When you have to start compromising yourself and your morals for the people around you, it’s probably time to change the people around you.
  40. Learn to love yourself first, instead of loving the idea of other people loving you.
  41. When someone tells you, “You’ve changed,” it might simply be because you’ve stopped living your life their way.
  42. Someone else doesn’t have to be wrong for you to be right.
  43. Be happy.  Be yourself.  If others don’t like it, then let them be.  Happiness is a choice.  Life isn’t about pleasing everybody.
  44. When you’re up, your friends know who you are.  When you’re down, you know who your friends are.
  45. Don’t look for someone who will solve all your problems; look for someone who will face them with you.
  46. If you expect the world to be fair with you because you are fair, you’re fooling yourself. That’s like expecting the lion not to eat you because you didn’t eat him.
  47. No matter how good or bad you have it, wake up each day thankful for your life.  Someone somewhere else is desperately fighting for theirs.
  48. The smallest act of kindness is worth more than the grandest intention.
  49. Many people are so poor because the only thing they have is money.
  50. Learn to appreciate the things you have before time forces you appreciate the things you once had.
  51. When you choose to see the good in others, you end up finding the good in yourself.
  52. You don’t drown by falling in the water.  You drown by staying there.
  53. It’s better to know and be disappointed than to never know and always wonder.
  54. There are things that we don’t want to happen but have to accept, things we don’t want to know but have to learn, and people we can’t live without but have to let go.
  55. Happiness is not determined by what’s happening around you, but rather what’s happening inside you.  Most people depend on others to gain happiness, but the truth is, it always comes from within.
  56. If you tell the truth, it becomes a part of your past.  If you lie, it becomes a part of your future.
  57. What you do every day matters more than what you do every once in a while.  Read The Power of Habit.
  58. You can’t start the next chapter of your life if you keep re-reading your last one.
  59. Things turn out best for people who make the best out of the way things turn out.
  60. If you don’t like something, change it.  If you can’t change it, change the way you think about it.


It’s time to change the clocks: Here are eight ways to avoid losing sleep this weekend

It’s time to change the clocks: Here are eight ways to avoid losing sleep this weekend

This year, Daylight Saving Time begins on Sunday, March 13, 2016

The time change officially takes place at 2 a.m., but you don’t have to spring out of bed and move the big hand on your clock ahead an hour. The change is automatic for most smartphones, computers, tablets and other digital devices.:)

“Some people have difficulty adapting to the one-hour change,” says Dr. Clete A. Kushida, medical director of the Stanford Sleep Medicine Center. “Sleep deprivation can affect attention and vigilance, learning and memory.”

It can also affect your health. Dr. Alon Yosefian Avidan, director of the UCLA Sleep Disorders Center, says “recent data shows that the rate of heart attacks spike during the first Monday after daylight saving time.” Car accidents and injuries can increase as well, he added.

Here are their eight tips for navigating the time changes that come twice a year:

1. Anticipate the shift. Try going to bed earlier for one to two nights ahead of the time change.

2. Load up on Zzzzs. You don’t want to be sleep-deprived ahead of these time shifts. Getting seven to eight hours of sound sleep a night ahead of the change will make for a smooth transition.

3. Skip the alcohol and caffeine. These substances will just lead to fragmented sleep.

4. Use sunlight to your advantage. Pull back the curtains and get lots of the sunshine in the morning, and you’re more likely to feel alert during the day and sleepy at nightfall.

5. Conversely, limit bright light exposure at night. Why? It will disrupt your sleep. This means no computers, TV, and tablets, at least, two hours before bedtime.

6. Avoid long naps. A brief power nap is OK. But anything longer will disrupt your sleep and delay the transition to the new schedule.

7. Make your bedroom a haven for sleep. Keep your bedroom dark, quiet, well-ventilated and at a comfortable, slightly cooler temperature throughout the night.

8. Create a relaxing bedtime routine. Read a relaxing book; listen to soothing music.

Source: LA Times

Edited by ^pm

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