retail News

Report: Cannabis Dispensaries May Become ‘Most Profitable’ Specialty Stores

Selling insurance to cannabis dispensaries may the business in which to be in the very near future. A new report claims that cannabis retailing could become one of the “most profitable specialty store categories ever.” The report, From Dispensaries to …

AXIS to Close Australian Retail Operations, Cut 100 Jobs

AXIS Capital Holdings Limited announced it will wind down its retail insurance operations in Australia and continue to operate in the market via its international wholesale insurance and global reinsurance platforms. As a result of this move, the company anticipates …

Reid to Become CEO of UK Retail at Arthur J. Gallagher

Arthur J. Gallagher announced that Stuart Reid will join Arthur J. Gallagher’s international brokerage operation as CEO for UK Retail. Reid will take up the position at Arthur J. Gallagher later this year, subject to regulatory approval, and will use …

Integro, One Source Launch Global Credit Insurance Offering

International insurance broker Integro, based in New York, has expanded into credit insurance to assist clients in managing global receivables and political risks. Integro is partnering with One Source Risk Management and Funding Inc., a specialist broker for credit mitigation …

Great American, Kapatoes Insurance to Partner on Retail Health Store Program

Great American Insurance Group’s Alternative Markets Division has teamed with Kapatoes Insurance Services to offer specialized insurance to retail health food and vitamin stores. The new offering through Great American’s Elite Programs model will kick off on April 1, 2014. …

Montpelier Re Launches Blue Capital – Investors’ Asset Management Platform

Bermuda-based Montpelier Re Holdings Ltd announced the launch of Blue Capital, an asset management platform offering a range of catastrophe reinsurance-linked investment products to institutional and retail investors. Montpelier Re’s President and CEO Chris Harris pointed out that the reinsurer …

Barclays Bank Shows Retail Intent with Takeover of ING Direct

Barclays’ new chief executive set the course firmly towards retail banking on Tuesday with his first deal since replacing Bob Diamond – the takeover of ING’s British savings and loan business and its 1.5 million customers. Antony Jenkins, previously head …