Marsh unit to acquire Scottish insurance broker
U.K.-based insurance broker Jelf Group P.L.C., a unit of Marsh & McLennan Cos. Inc., plans to acquire Scotland-based Clark Thomson Insurance Brokers Ltd.
U.K.-based insurance broker Jelf Group P.L.C., a unit of Marsh & McLennan Cos. Inc., plans to acquire Scotland-based Clark Thomson Insurance Brokers Ltd.
Insurance Europe has called on the European Union to help overturn regulations in Indonesia that the trade group says hinder competition and create an uneven regulatory playing field in the country’s insurance market.
Source:: Protectionism hampers Indonesian insurance market: Insurance Europe
Russia’s economic security and anti-corruption department is investigating Russian National Reinsurance Co.’s dealings with reinsurance brokers U.K.-based Aon P.L.C., Willis Towers Watson P.L.C. and U.S.-based Marsh and McLennan Cos. Inc.
Source:: Russia investigates reinsurer’s dealings with Aon, Marsh, Willis
Bermuda-based insurer and reinsurer Sompo International Holdings Ltd. has decided to establish a new retail platform to integrate all operations of its parent Sompo Holdings Inc. outside Japan.
U.K.-based insurance broker RKH Specialty Ltd. has appointed Stuart Beatty as chief executive of the Asia-Pacific region.
Source:: UK insurance broker appoints CEO for Asia-Pacific region
Specialist insurer Beazley has appointed Lucien Mounier to head its Asia Pacific operations. He moves from Paris where, for the past two years, he has been responsible for managing and growing Beazley’s portfolio of cyber and technology business in France, …
Source:: Beazley Appoints Mounier to Head Asia Pacific Operations
By Andrew MacAskill and Lawrence White Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to Europe’s …
Source:: London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers
The London Market Group (LMG) announced the launch of London Insurance Market Operations & Strategic Sourcing (LIMOSS) led by Patrick Molineux as managing director. LIMOSS has been established to source and manage the portfolio of market services which the London …
Source:: London Market Group Launches Team to Manage Market Services Modernization
Allianz Insurance has partnered with Drivy (UK) to provide insurance for users of its car sharing platform. Drivy, a car sharing operator, links drivers, who need a car on a short-term basis, with vehicle owners who want to generate extra …
Source:: Allianz Partners with Drivy in UK to Provide Insurance for Car Sharing Platform
Marsh announced that Chris Lay will be named CEO of its UK & Ireland region, reporting to Flavio Piccolomini, president of Marsh International, and he will be appointed CEO of Marsh Ltd., all subject to regulatory approval. Marsh also announced …
Source:: Marsh Names Lay as CEO, UK & Ireland; Robson as President & CEO, Marsh Canada
By Stephanie K. Jones Houston-area officials are planning a campaign to put up two dozen billboards encouraging residents to buy flood insurance after Hurricane Harvey. The Harris County Flood Control District estimates more than 80 percent of the county’s 1.4 million buildings lacked flood …
Source:: Texas County to Urge Flood Insurance Purchase via Billboards
By Stephanie K. Jones Angela Nelson, director of the Division of Market Regulation and Chief Industry Liaison at the Missouri Department of Insurance has been selected as the 2018 recipient of the Paul DeAngelo Memorial Teaching Award given by the Insurance Regulatory Examiners Society …
Source:: Missouri’s Nelson Honored with National Insurance Regulator Award
By Stephanie K. Jones A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating of B++ (Good) of Hartland Mutual Insurance Co. (Hartland Mutual), based in Minot, North Dakota. The outlook of these credit ratings …
Source:: A.M. Best Upgrades Credit Rating of North Dakota’s Hartland Mutual Insurance
By Stephanie K. Jones QBE North America has hired Kevin Brogan as regional executive – Central Region, accountable for the region’s profitable growth across QBE’s specialized insurance business portfolio, as well as the development of all agent and broker relationships in the region. He …
Source:: Wells Fargo’s Brogan Named Central Region Exec for QBE North America
By Juan A. Lozano Houston-area officials said during a congressional hearing that they weren’t aware of forecasts by federal authorities regarding flooding risks from local reservoirs that ended up inundating thousands of homes during Hurricane Harvey. However, the U.S. Army Corps of Engineers said …
Source:: Houston-Area Officials Say They Didn’t Know About Reservoir Flood Risks Pre-Harvey
By Don Jergler Western Growers Insurance Services has added Paul Barry and Kris Hansen in California. Barry joins the insurance services team as a sales executive, bringing more than 10 years of sales experience. Barry will focus on expanding Western Growers’ client base …
By Stephanie K. Jones Indianapolis-based USA Gymnastics is suing its insurance carriers, alleging that they haven’t fully reimbursed it for defense costs incurred in lawsuits filed by victims of disgraced former sports doctor Larry Nassar. The Indiana-based governing body for gymnastics filed its lawsuit …
Source:: USA Gymnastics Sues Insurance Carriers Over Nassar Lawsuit Costs
Over a year after a tornado tore through an east Mississippi county without warning, the county is installing weather sirens that will extend warning coverage by over 300 miles. The Meridian Star reports that Lauderdale County is spending $176,000 to …
Source:: Mississippi County Installs 11 Weather Warning Sirens
Weather officials say two tornadoes hit a Florida city on Tuesday, causing mostly minor damage. The National Weather Service confirmed that one tornado touched down shortly after 3:30 p.m. in downtown Fort Lauderdale. Fort Lauderdale Fire Rescue Battalion Chief Greg …
Source:: 2 Tornadoes Knock Out Power in Florida City, Delay Flights
West Virginia sued Equifax Inc on Thursday for failing to safeguard consumer information of hundreds of thousands of state residents and for delaying alerting the public to a breach that exposed the personal data of about 148 million people, the …
By Don Jergler Allianz says it’s further integrating ecological and social responsibility into its core business. The insurance giant, which is already known for its sustainable bent, this week issued a 2017 Sustainability Report that documents Allianz Group’s achievements in corporate responsibility, with …
Source:: Climate Change Act: Commit New York to Being Powered by 100% Renewables