Monthly Archives: <span>April 2013</span>

McCann to Succeed Plumeri as Willis Chairman; Director Candidates Listed

Willis Group Holdings announced that, at its regular meeting this week, the Board of Directors determined that the following individuals will be nominated for election as directors at the 2013 Annual General Meeting of Shareholders: Dominic J. Casserley, Anna C. …

Aon Reports Q1 Total Revenue of $2.9B; Net Income $261M

Aon summarized the results from its various operations in the first quarter of 2013 as follows: – Total revenue was $2.9 billion with organic revenue growth of 2 percent – – EPS from continuing operations was $1.11 – EPS from …

EU Supports French Demand; Trade Talks with U.S. Should not Cover Culture

European Union lawmakers have backed French demands to exempt culture from a proposed free-trade pact between Europe and the United States, keeping Paris on side and raising the chances that the talks can start on time. The European Parliament’s influential …

AXA to Buy 50% of China P&C Insurer Tian Ping for $631 Million

France’s AXA Group announced that it has entered into an agreement with Tian Ping Auto Insurance Company Limited shareholders to acquire 50 percent of the company. Under the terms of the agreement, and subject to regulatory approval, “AXA will buy …

Best Affirms Platinum Underwriters and Subs Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of Platinum Underwriters Bermuda, Ltd. and its strategic affiliate, Platinum Underwriters Reinsurance, Inc. , headquartered in Baltimore, Maryland. Best also affirmed …

White House Formally Notifies Congress of Japan Free-Trade Talks

President Barack Obama’s administration on Wednesday notified Congress it will start free-trade talks with Japan, bringing the world’s third-largest economy into U.S.-led negotiations on a regional free-trade pact. “The participation of Japan, a major U.S. trading partner as well as …

Brazil’s BB Seguridade, Smiles SA Conclude IPO’s – Boosts Insurance

Brazil’s BB Seguridade Participações SA sealed the world’s biggest initial public offering in seven months at a time when confidence in the South American giant has ebbed because of concerns about high inflation and mounting government interference in some sectors …

ACE, Trust Risk Management Launch Small Healthcare Provider Program

ACE USA’s Medical Risk Group has expanded its relationship with Trust Risk Management Services, Inc. (TRMS) to offer an admitted professional and general liability policy designed to provide insurance protection to a variety of individuals and small groups of six …

York Risk Services Group in New Jersey Appoints VP of Sales

York Risk Services Group (York), a national provider of claims-management, specialized loss adjusting, alternative risk programs, pool administration and other insurance services, announced that Jim Ossner has joined the company as vice president of sales for York Alternative Risk Solutions …

AssuredPartners Acquires Buckley & Company in Kentucky

AssuredPartners Inc., through its Neace Lukens subsidiary, recently acquired Lexington, Ky.-based Buckley & Company insurance agency. The Buckley & Company office will merge with the existing Neace Lukens’ Lexington branch. More than 10 Buckley & Company employees will join Neace …