Insurance brokerage and risk management firm Integro has acquired Stockton, Calif.-based Daugherty Insurance Services, a retail broker. Details of the deal were not disclosed. Scott Daugherty will remain in his leadership role at the acquired firm, which will continue to …
OneBeacon Insurance Group Ltd. said it is making progress in the sale of its runoff business to Armour Group Holdings Limited and restated its expectation that the transaction will close in the second half of 2014. The company said there …
Marsh announced that Ann Longmore will join the firm’s FINPRO Practice in New York as its new multinational practice leader effective July 7. Longmore will be responsible for helping Marsh deliver financial and professional liability products, services, and advice to …
ACE Group has appointed Cassie Chen as regional Property and Terrorism underwriting manager for Asia. She will be based in the Singapore regional office and will report to Jason Keen, head of Property for Asia. Chen joined ACE in 2011 …
The U.S. Supreme Court on Monday imposed new curbs on securities class action lawsuits filed by investors against publicly traded companies while declining to overturn a key precedent that favors plaintiffs in such cases. The court held on a 9-0 …
The main thing that’s driving the growth of the art market is the demand for a good investment for the very rich, art adviser Todd Levin said. Levin, standing outside the convention center in Basel, Switzerland, was referring to the …
AA Ltd., the U.K. roadside- assistance provider and auto insurer, fell in its first day of trading after a 1.4 billion pound ($2.4 billion) initial public offering that resulted in the exit of its private-equity owners. AA, which was owned …
Bermuda-based specialty insurer AXIS Capital Holdings Limited said that Jack Gressier, chief operating officer, plans to retire in a year, after 12 years with the firm. The company said it does not intend to replace Gressier and that his responsibilities …
The National Park Service last Friday temporarily banned the launching, landing or operating unmanned aircraft or drones on lands and waters it administers. National Park Service Director Jonathan B. Jarvis said the ban would be in effect the NPS can …
Allstate Corp. estimated that it had $440 million in pre-tax catastrophe losses for the month of May 2014 —or $286 million after taxes. The Northbrook, Ill.-based company said 11 events contributed to May losses, at an estimated cost of $400 …
