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PointeNorth Acquires Berger & O’Neal, Holmes-Shaw Agencies of Georgia

PointeNorth Insurance Group, LLC (PNIG), a locally owned independent insurance agency in the Southeast, has acquired two additional insurance agencies in Georgia - Berger & O’Neal Insurance Group and Holmes-Shaw Agency. Berger & O’Neal Insurance Group and Holmes-Shaw Agency will …

North Carolina-Based Jackson Sumner & Associates Names McNeil P&C Manager

Jackson Sumner & Associates (JSA) has promoted Kristel McNeil to the position of P&C Manager. McNeil first began with JSA in 1998 in support staff, and in 2001 moved into underwriting for the company. In 2006 she moved into renewal …

Hub International Buys Canada Employee Benefit Consultant, W.R. Carey Corp.

Hub International Ltd., a Chicago-based insurance broker, announced it has acquired the assets of W.R. Carey Corp. Terms of the transaction were not disclosed. Located in Winnipeg, Manitoba, Canada, Carey Corp. is an independent employee benefits consulting firm providing a …

Typhoon Hagibis to Cost Japan’s Economy $10B, with Insured Losses in Billions: Aon

Typhoon Hagibis is likely to become one of 2019’s costliest events, with economic costs of more than US$10 billion and insured losses minimally in the billions, according to Aon’s monthly catastrophe report. The storm made landfall in Japan’s Iza Peninsula …

Element Risk Management Acquires Three Insurance Agencies in Virginia, Pennsylvania

Element Risk Management has acquired three new insurance agencies in Virginia and Pennsylvania. Barnes & Phillips Insurance & Financial Services of Woodstock, Va., Crawford Insurance Company of Strasburg, Va., and Brenner Insurance in Hollidaysburg, Penn., are now part of the …

New York’s Cook Maran Hires Anzelone as a Client Advisor

Cook Maran, headquartered in Melville, N.Y., has hired 18-year insurance veteran Chris Anzelone as a client advisor. He will operate out of the Cook Maran location in Melville. Anzelone previously served as director of Sales and Acquisitions at Davenport Financial …

Virginia’s Allianz Partners Hires Wright as CFO, O’Connor as Head of Operations

Allianz Partners, a Henrico, Va.-based insurance company, has hired Jeff Wright as chief financial officer and Jim O’Connor as head of Operations. Wright succeeds Diane Babson, who took an assignment with another Allianz Partners business unit, while O’Connor fills a …

AM Best Reviews Argo Group’s Ratings in Reaction to SEC Probe, Watson Exit

AM Best has placed the credit ratings of Argo Group International Holdings Ltd. and its subsidiaries under review with negative implications. These actions are a reaction to the sudden departure of Mark E. Watson III, Argo’s chief executive officer, but …

VIBE Syndicate 5768 to Be Placed into Solvent Run-off

The board of VIBE Syndicate Management announced, effective Dec. 31, 2019, its Syndicate 5678 at Lloyd’s will be placed into a planned run-off. “It was with considerable regret that our board reached the conclusion that the business does not have …

Lloyd’s to Create Single Governing Body, Merging Council and Franchise Board

Re/insurance market Lloyd’s announced its decision to merge the Council of Lloyd’s and the Franchise Board, effective from June 1, 2020, after receiving widespread support from across the market. The news follows five months of consultation across the Lloyd’s market, …