Alea Group Holdings, a specialty insurer and reinsurer, announced from Bermuda that the estimated impact on earnings of recent hurricane activity in the United States and the Caribbean would be approximately $55 million (£30.9 million) on a pre-tax basis. “Hurricanes …
As she closes out her term as president of the Independent Insurance Agents and Brokers of America (IIABA), Louise “BeBe” Canter has spent more than a fair amount of time in airports on her way from one meeting to another. …
CompWest Insurance Company announced that it has been licensed as a workers’ compensation insurer by the California Department of Insurance, responding to the significant capacity shortage in the California market. Trident III, L.P., a private equity fund managed by MMC …
There’s no doubt that mergers and acquisitions are a booming trend right now. Every day, agencies purchase other agencies; large insurers buy out agencies, brokerages merge together to form a united front against larger companies with more resources … and …
David Crosby The Jenkins Athens Group, of Concord, headquartered in Concord, Calif., has announced the hiring of David Crosby as vice president of business development for Athens Administrators, a risk management consulting and claims services company. Crosby joins Athens with …
A woman accused of paying kickbacks for insurance contracts to a former New Orleans school official pleaded guilty in federal court recently, the Associated Press reported. Insurance broker Lillian T. Smith Haydel pleaded guilty to one count of extortion conspiracy …
Doing business in a changing marketplace, coping with terrorism’s threats, state and federal legislation, and building relationships throughout the surplus lines industry were key topics discussed during the National Association of Professional Surplus Lines Offices (NAPSLO) 30th anniversary conference in …
Nuts & Bolts: Florida-based XN Financial Services announced it will offer health insurance products and services to foreign nationals traveling in the U.S. through RCM&D, an Assurex Partner located in Baltimore, Md. The “Visitors From Abroad” program is reportedly designed …
Nuts & Bolts: Abacus Insurance Brokers announced the availability of an online wedding cancellation program, exclusively for brokers, powered by the APM Platform. Brokers are able to quote and bind in real-time, accept payments online, and issue policies immediately. Coverage …
Richard Swoy, chairman of Superior Access Insurance Services Inc., announced that SAIS has added another financially stable, “A+” rated Admitted Carrier for agents writing Garages. It is a package program available to California agents. This program is designed for small …
