Arthur J. Gallagher & Co. has acquired Jenkintown, Penn.-based Premier Brokerage Services Inc. Terms of the transaction were not disclosed. Founded in 1995, Premier is a high-net-worth focused life insurance wholesale agency offering primarily permanent and term life insurance, annuities …
Boston Insurance Brokerage LLC (BIB) has hired Alex Gabriel to its Healthcare Professional Team. He will be working to grow business out of Northern Virginia. Gabriel brings with him more than 15 years of experience spanning brokerage and managing general …
Carrick Specialty Holdings LLC, a New York City-based international non-life legacy business that provides reinsurance and run-off management solutions, announced its UK-based subsidiary, Carrick UK Holdings Co. Ltd., has acquired London-based reinsurer Community Reinsurance Corp. Ltd. from Hampden PLC. Terms …
The Securities and Exchange Commission has settled with former Argo Group chief executive officer and president Mark Watson III over his role in the firm’s failure to disclose more than $5.3 million worth of perks and personal benefits. The SEC …
TORONTO – Canada’s financial regulator said on Monday it could allow institutions to pay special non-recurring dividends under “exceptional circumstances,” even as it maintains a March moratorium on broader dividend increases and share buybacks. The Office of the Superintendent of …
Philadelphia Insurance Companies announced that after 38 years with the company, Bob O’Leary will step aside as chief executive officer at the end of the year. President John W. Glomb is being promoted to CEO effective January 1. O’Leary spent …
Swiss Re Corporate Solutions announced it has received a direct insurance authorization from the South African joint regulators Prudential Authority and Financial Sector Conduct Authority. Located in Johannesburg and fully operational, Swiss Re Corporate Solutions Africa offers customers in South …
BRUSSELS – Aon’s $30 billion bid for Willis Towers to create the world’s largest insurance broker faces a full-scale investigation because of its complexity, two people familiar with the matter said. The companies, which are the second and third-largest brokers …
Lloyd’s and insurtech start-up Parsyl Inc. announced the launch of the Global Health Risk Facility (GHRF), which will provide billions of dollars of insurance coverage, together with risk mitigation services, to help protect and support the global distribution of COVID-19 …
SYDNEY – Regulators, insurers and experts are warning airlines to take extra care when reactivating planes left in extended storage during the COVID-19 pandemic, citing potential pilot rustiness, maintenance errors and even insect nests blocking key sensors. The unprecedented number …
