Florida-headquartered Brown & Brown, one of the largest insurance brokerages in the country, this week filed a federal lawsuit against a former vice president, charging him with secretly setting up a competing business and poaching clients. The lawsuit in the …
Insurance broker TWFG, backed by reinsurer RenaissanceRe, said on Tuesday it is aiming to raise as much as $176 million in its initial public offering in the United States. TWFG is offering 11 million shares at a price range of …
North Carolina authorities have charged a Battleboro insurance agent with 74 counts after they said he forged life insurance applications for 16 people. Jonathan Michael Vlasak, 35, a licensed producer qualified to sell property, casualty, life and accident insurance, took …
Florida-based Brown & Brown Inc. (BRO), a global insurance broker, reported second-quarter earnings of $190.4 million. The Daytona Beach company said it had profit of 67 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to …
Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi Investment Authority, valuing the insurance brokerage at $23 billion. The company has benefited from a jump in …
The former chief executive of an insurance company believes the center of value of the property/casualty industry has shifted away from one of the activities that would seem to define an insurance risk-taking enterprise: insurance underwriting. “Today, the core competency …
A New York City museum’s collection includes the insurance policy written for the Hindenburg, which exploded over New Jersey 80 years ago this weekend. The Daily News reports officials at the New York City Fire Museum in Lower Manhattan unveiled …
The New York Department of Financial Services (DFS) has issued cybersecurity requirements for financial services companies (cyber rules) that went into effect March 1. The cyber rules, codified at 23 NYCRR ยง500, require insurance and insurance-related companies as well as …
Willis Group Holdings has appointed Nicolas Aubert, CEO of Willis GB, to the executive committee and board of the London & International Insurance Brokers’ Association (LIIBA)*. In addition, Aubert was named LIIBA representative to the London Market Group (LMG), a …
A Southern California insurance broker was arrested Wednesday on allegations he overcharged Tom Hanks, musician ex-Police band member Andy Summers and others hundreds of thousands of dollars for insurance premiums. Jerry B. Goldman, who was arrested at his Thousand Oaks …
