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Eight excess and surplus lines insurance industry chief executives shaved their heads in unison Monday to raise hundreds of thousands of dollars in donations for childhood cancer research.
The eight “shavees” are part of a St. Baldrick’s Foundation team named Expired Coverage.
Monrovia, Calif.-based St. Baldrick’s launched after several reinsurance executives took in more than $100,000 by shaving their heads in 2000 to benefit children with cancer. Since 2000, nearly 200,000 volunteers have shaved their heads to raise more than $117 million for life-saving research while also raising awareness about childhood cancer.
Each shavee is like a walking billboard for the cause, according to St. Baldrick’s.
This year, the members of Expired Coverage set a goal of raising $750,000, and as of Tuesday had raised more than $700,000.
Expired Coverage members include David Bresnahan, president, Lexington Insurance Co.; Dave Leonard, president, RSUI Group Inc.; Eduardo Lucena, CEO, Colemont Brazil; Frank Murphy, group CEO at THB Group P.L.C.; James Drinkwater, president, AmWINS Brokerage; John Charman, CEO, AXIS Capital Holdings Ltd.; Scott Carmilani, CEO of Allied World Assurance Co. Holdings A.G.; and Skip Cooper, president of AmWINS Group Inc.
As one might expect, a donor list for Expired Coverage includes many recognizable insurance-related companies and individual donors.