Monthly Archives: <span>December 2018</span>

Kaplansky Insurance Acquires Massachusetts’ Burak Insurance

Kaplansky Insurance, an independent, Needham, Mass.-based agency, has acquired Burak Insurance, located in Canton, Mass. The addition of Burak marks Kaplansky Insurance’s 31st overall acquisition and its fourth for 2018. The agency currently operates 12 locations throughout Massachusetts. Founded in …

93 Connecticut Educators File Claims Over Mold-Related Ailments

More than 90 educators in a Connecticut school district have filed workers’ compensation claims over mold-related ailments. The Advocate reports that 93 staff members at six public schools in Stamford filed claims saying they became ill because of mold problems. …

Massachusetts Lawmakers Eye Action on Natural Gas Safety Bill

Top Statehouse Democrats say they’re hoping to pass legislation aimed at improving natural gas infrastructure safety before the end of the year. Republican Gov. Charlie Baker filed the bill. On Monday, he met with Senate President Karen Spilka and House …

Take a day and STOP, Part 2

In last week’s post, we discussed the need to pull away and plan for your business. Let me remind you that the most sure way to get the same results that you’ve always gotten is to do what you’ve always …

Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking

Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker, IBS Re Singapore. Other …

Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil

Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and …

Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering

Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, said Brit, noting …

Florida-Based Broker Coin Re Taps Barbican’s Crichton as EVP in London

Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England, where he will manage COIN Re’s reinsurance marketing and placement strategy. …

SoftBank, Alibaba Lead $1.1B Investment in Indonesia E-Commerce Firm Tokopedia

SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. The company …

Brexit to Cause Irreversible Damage to UK Financial Services, Say Industry Leaders

Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, Frankfurt and Dublin. But as chaos reigns in Westminster, the …