AP Insurance Brokers, Inc. an insurance wholesale and program administrator, recently signed a contract with Custom Insurance Solutions (CIS) for the Agency Information Manager (AIM) system. Under the agreement, the two companies will partner together to provide integration between AIM …
Willis Group Holdings Limited announced that it has signed definitive agreements to acquire Cogdill Bonding and Insurance Services Inc. (“Cogdill Bonding”), the assets of the sole proprietorship of Scott J. Tucker CFP (“SJT”), and TCT Insurance Services Inc. (“TCT”), all …
The PMA Insurance Group announced that John Cochrane has joined the company as vice president and controller. Cochrane’s primary responsibility is leading the day-to-day financial operations of the Pennsylvania-based property and casualty organization. Cochrane has over 20 years’ experience in …
Bob A. Borisoff, 75, past president, CEO and one of the founders of California-based Speare & Company Insurance Agents & Brokers, died Aug. 6. A native Californian, Borisoff had an extensive background in insurance, bonds and facultative reinsurance. He was …
“Compulsory auto insurance.” It sounds like the “silver bullet” for the problems of uninsured motorists, doesn’t it? Make it mandatory for all motorists to purchase coverage and you won’t have an uninsured motorist (UM) problem, right? Not exactly! The fact …
This is the second in a three-part series on captive premium financing. Part Three will run in the Sept. 8 issue of Insurance Journal. Agents and managing general agents interested in the setup and formation of a captive premium finance …
In today’s fast-paced business world, technology is an invaluable tool to agents and brokers who want to compete. And to compete well means knowing all of the options that are available. Most agents and brokers are well aware of and …
Fort Worth-based Higginbotham & Associates began as a small personal lines agency in 1948 representing Trinity Universal Insurance Company and SAFECO. Today it is one of the largest independent agencies in North Texas, with some 200 employees working out of …
The past two years have resulted in a time of turmoil for the surety business—a fact that is not lost on the independent agent searching for stability in the market. Due to tremendous losses, consolidations, sales and closures, a number …
Standard & Poor’s Ratings Services lowered its long-term counterparty credit and insurer financial strength ratings on Zurich-based global reinsurer Swiss Reinsurance Co. and related core subsidiaries of the Swiss Re group to “AA” from “AA+.” The outlook is stable. The …
