Axon Underwriting Services LLC, the Somerville, N.J.-based specialty lines program administrator, announced the formation of Axon Re to offer its cargo and stock throughput reinsurance program within the Latin American region. Axon Re will provide facultative and treaty reinsurance cover …
World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, N.J., completed its 40th acquisition with Lampe-Batkin Associates LLC of Greenwich, Conn., on April 1, 2019. Lampe-Batkin Associates LLC is a family-run insurance agency that serves the communities …
The owner of a home improvement company charged with manslaughter following the death of a worker is set for a court hearing. The Portland Press Herald reports the arraignment of Saco-based contractor, Shawn D. Purvis, is scheduled for May 20 …
Marsh and Guy Carpenter, both wholly owned subsidiaries of Marsh & McLennan Cos. (MMC), announced that, subject to regulatory approvals, they would combine their Latin American facultative reinsurance operations with those of Jardine Lloyd Thompson Group (JLT), which was acquired …
Officials in Bridgewater, Mass., say a pickup truck with three people inside was hit by a commuter rail train after the truck driver apparently went around a railroad crossing gate. The Boston Globe reports the accident happened Saturday morning in …
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has promoted Emmanuel Silvestre to deputy general manager of its French operation. He reports to Richard Deguettes, general manager for France. Based in Paris, Silvestre will retain his position as …
A restoration contracting company owner was arrested this month in Florida for allegedly stealing more than $40,000 from consumers who assigned their insurance benefits to him through assignment of benefits (AOB) contracts, according to a statement from Florida CFO Jimmy …
Strong storms roared across the Southeast last week, killing at least two in Mississippi and a woman in Alabama while leaving more than 100,000 people without power across Alabama, Mississippi, Louisiana and Texas. A girl was also killed in Florida …
Producers Ag Insurance Group Inc. has agreed to acquire Leawood, Kan.-based managing general agent AmTrust Agriculture Insurance Services. The deal, which is subject to regulatory approvals, is expected to close by May 1. Terms were not disclosed. AmTrust Ag, a …
SCOR Global P&C grew its gross written premiums by 9.6 percent, at constant exchange rates, to €548 million ($616 million), during the April 1 reinsurance renewals. In the aftermath of the events in 2018, catastrophe reinsurance treaties “responded rationally” during …
