National Section

From ACE to XL, 2015 Was a Year of Major Insurance Carrier M&As

Signs that 2015 would be an active year for property/casualty mergers and acquisitions (M&A) were apparent in late 2014. As 2014 closed, there was a rush of M&A activity. The deals that closed out 2014 included: Fosun International buying Meadowbrook …

Business Moves

Aspen, AgriLogic Specialty insurer Aspen Insurance has acquired AgriLogic Insurance Services and certain affiliates for cash in a transaction that further diversifies Aspen’s specialty insurance business. AgriLogic, headquartered in Overland, Kan., is a specialist U.S. crop insurer and agricultural consultant …

Declarations

Zero Tolerance “This is a zero tolerance state when it comes to fraud.” —Ben Barnes, secretary of the Connecticut Office of Policy and Management, on the state’s efforts at fighting fraud, waste and abuse. The Connecticut government last month launched …

Listen to Your Customers, and Win

For decades, the competitors of independent insurance agents have been frustrated. It seems that every so often our industry is treated to a parade of consulting firms predicting the impending demise of the independent agency distribution system, for their own …

Record Western Wildfires a Contrast in Otherwise Quiet Year for U.S. Natural Disasters

It was a relatively quiet year for natural disasters – except for those living in the Western United States, according to property data provider CoreLogic, in its annual Natural Hazard Risk Summary and Analysis, released in late January. The report …

Ghost of 2008 Crash Still Haunts Real Estate E&O

The ghost of the 2008 financial collapse still haunts the liability insurance market for real estate professionals and some are worried the business may be headed for a replay of that crisis. While it is still recovering from the crash …

Then and Now in the Nonprofit Market

The nonprofit sector is not what it used to be. This critical sector represents more than 1.5 million organizations and accounts for almost 10 percent of all salaries and wages paid in the United States. And it’s growing. When Pamela …

10 Trends in U.S. Casualty Markets in 2016: Marsh

The sharing economy, expanded litigation, surplus capital, custom account underwriting and further consolidation are likely to challenge the U.S. casualty insurance marketplace in 2016, according to broker Marsh. Marsh expects to also see wider use of new technologies from wearable …

P/C Retail, Wholesale Agency M&A Activity Brisk in 2015

When agency consultants at Reagan Consulting hosted more than 150 industry leaders at a workshop on agent/broker mergers and acquisitions (M&A) recently, the mood was upbeat, since many brokers have continued to enjoy healthy growth and profitability. There was even …

10 Things to Know About Garage & Repair

For service-type operations under a garage liability policy, the standard market generally writes this business under a general liability policy, which includes personal injury and advertising liability, fire legal liability and med pay. In order to match up reasonably with …

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