Organically Speaking, Independent Agencies Are Very Profitable August 11, 2015 By Andrew G. Simpson Independent agencies are enjoying a period of high profitability boosted by healthy organic growth despite continued soft pricing in commercial...
QBE Completes Sale of Argentine Workers’ Compensation Business August 11, 2015 QBE announced it has completed of the sale of the group’s workers’ compensation business in Argentina to La Caja Aseguradora...
Estimates for 1stHY 2015 Puts Cat Economic Losses at $37 Bn: Swiss Re Study August 11, 2015 A new sigma study from Swiss Re estimates that “total economic losses from natural catastrophes and man-made disasters reached $37...
Typhoon Soudelor Hits Taiwan and China with Rains, Floods & Wind: AIR Report August 11, 2015 A report from catastrophe modeling firm AIR Worldwide, states: “Typhoon Soudelor has weakened over eastern China after making landfalls in...
Update: Delta Lloyd’s $588 Million First Half Loss Raises Capital Concerns August 11, 2015 By David de Jong Delta Lloyd NV fell the most on record after interest-rate hedging and declines in bonds spurred a first-half loss, raising...
Marsh & McLennan Acquires Florida-Based Tequesta Insurance Advisors August 11, 2015 Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has acquired Tequesta Insurance Advisors, a personal,...
R-T Specialty Division Launches Retired Directors Policy with Full Binding Authority August 11, 2015 R-T Specialty, LLC’s Retired Directors Assurance Underwriting Services, a division of R-T Specialty, LLC, has a new binding authority for...
Survey: Decrease in Seat Belt Use in Tennessee August 11, 2015 A recent survey shows a decrease in seat belt use in Tennessee. The Governor’s Highway Safety Office and the Tennessee...
Beecher Carlson Promotes Flynn to National Casualty Claims Leader August 11, 2015 Beecher Carlson Insurance Services, LLC, a specialized large account insurance broker, has promoted Suzanne Flynn to managing director and leader,...
AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As August 11, 2015 By Anto Antony and George Smith Alexander Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax...