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Rutherfoord brokerage chairman retires

By: Shelby Livingston

Published April 01, 2015 - 12:24pm CST

Richmond, Virginia-based brokerage Rutherfoord, a subsidiary of Marsh & McLennan Agency L.L.C., on Tuesday announced its chairman, Thomas D. Rutherfoord Jr., has retired.

NFP acquires two related property/casualty agencies

By: Shelby Livingston

Published April 01, 2015 - 11:18am CST

New York-based broker NFP Corp. has acquired property/casualty insurance agencies Weber's Insurance Service Inc. and Weber's Assurance Group L.L.C.

Cyber insurance uptake lags amongst U.K. firms

By: Sarah Veysey

Published March 29, 2015 - 6:00am CST

U.K. buyers often have very different concerns than U.S. buyers when it comes to transferring cyber risks to insurance, an issue that insurers, brokers, buyers and the U.K. government are looking to rectify.

Acquisitions, better economy drive revenue growth at large brokers

By: Matthew Lerner

Published March 29, 2015 - 6:00am CST

The largest publicly traded insurance brokers posted modest organic growth in 2014 as a slowly improving U.S. economy helped offset ongoing soft insurance rates amid an active year for mergers and acquisitions.

JLT Specialty launches environmental team

By: Shelby Livingston

Published March 27, 2015 - 1:54pm CST

JLT Specialty Insurance Services Inc., a unit of Jardine Lloyd Thompson Group P.L.C., has launched an environmental team with several former Aon Risk Solutions executives.

Brown & Brown of New York acquires multiline broker

By: Shelby Livingston

Published March 25, 2015 - 2:43pm CST

Brown & Brown of New York Inc., a Rochester, New York-based subsidiary of Brown & Brown Inc., has acquired Mahopac, New York-based multiline insurance broker Spain Agency Inc.

Allianz leads insurance coverage on Germanwings crash

By: Sarah Veysey

Published March 24, 2015 - 8:39am CST

Allianz S.E. is the lead insurer of the coverage for the Germanwings GmbH plane that crashed in the French Alps on Tuesday.

Cross Insurance acquires independent agency

By: Shelby Livingston

Published March 23, 2015 - 2:21pm CST

Cross Insurance, a unit of Cross Financial Corp., on Monday announced it has acquired Wellesley, Massachusetts-based independent insurance agency Corcoran & Havlin Insurance Group.

Willis taps Marsh exec as global alternative risk transfer chief

By: Shelby Livingston

Published March 23, 2015 - 12:10pm CST

Willis Group Holdings P.L.C. has named former Marsh Ltd. executive Marc Paasch to the newly created position of global head of alternative risk transfer solutions, the broker announced Monday.

2015 Risk Management Summit photos

Published March 20, 2015 - 12:43pm CST

Risk managers from the United States and Europe gathered at the Roosevelt Hotel in New York on March 4-5 for the Risk Management Summit, a Business Insurance annual networking and educational conference.

Fed still learning on regulating insurance industry oversight

Published March 20, 2015 - 12:16pm CST

(Reuters) — The Federal Reserve is still coming to grips with how large insurance companies should be regulated to protect the financial system, Atlanta Fed President Dennis Lockhart said on Friday.

Insurers must adapt to a digital world

By: Matthew Lerner

Published March 19, 2015 - 2:46pm CST

Insurers can leverage technology to improve performance and therefore should strive to become “digital firms” according to a new report from consulting firm McKinsey & Co.

Willis Re flood modeling tool targets Canadian risks

By: Shelby Livingston

Published March 19, 2015 - 11:58am CST

Willis Re, the reinsurance arm of Willis Group Holdings P.L.C., on Thursday launched a suite of tools that allows insurers in Canada to identify potential flood exposures.

Australian broker names CEO of underwriting agency

By: Shelby Livingston

Published March 18, 2015 - 12:45pm CST

Australian insurance brokerage Steadfast Group Ltd. said Wednesday that Bobby Lehane will lead its CHU Underwriting Agencies Pty Ltd. unit as CEO, effective April 1.

Willis senior captive exec departs

By: Jerry Geisel

Published March 17, 2015 - 12:59pm CST

Les Boughner, a top executive with Willis North America's global captive and consulting practice in Burlington, Vermont, abruptly left the company last week.

Transactional risk insurance placement increases 51% for Marsh

By: Judy Greenwald

Published March 17, 2015 - 12:07pm CST

A total of $7.72 billion in insured limits was placed in the transactional risk insurance market in 2014 by Marsh L.L.C. clients, which was a 51% increase over 2013's total, the broker said in a report.

Agency offers U.K., European recycling firms coverage

By: Shelby Livingston

Published March 17, 2015 - 11:41am CST

London-based underwriting agency Solon Underwriting Ltd. has launched to service recycling firms in the United Kingdom and other European markets.

Risk managers to collaborate with London insurers to cover evolving risks

By: Sarah Veysey

Published March 15, 2015 - 6:00am CST

Risk managers have pledged to work more closely with underwriters in the London market to develop insurance to cover emerging risks, such as cyber breaches and supply chain disruptions.

Integro acquires specialty professional liability broker

By: Shelby Livingston

Published March 11, 2015 - 3:10pm CST

New York-based broker Integro Ltd. has acquired New York-based specialist broker Design Insurance Agency Inc.

Arthur J. Gallagher, Hartford among most ethical firms worldwide

By: Mark A. Hofmann

Published March 10, 2015 - 10:22am CST

Brokerage Arthur J. Gallagher & Co. and Hartford Financial Services Group Inc. were among the 132 companies recognized as a “World's Most Ethical Company” by the Ethisphere Institute , a New York-based think tank.

Captive manager Stern Risk Partners to focus on U.S. domiciles

By: Shelby Livingston

Published March 06, 2015 - 2:18pm CST

Two former Beecher Carlson Insurance Services L.L.C. managing directors have formed insurance brokerage and captive management firm Stern Risk Partners L.L.C.

Vanbridge expands offerings with two acquisitions

By: Shelby Livingston

Published March 04, 2015 - 2:48pm CST

Insurance broker Vanbridge L.L.C. has agreed to acquire Boston-based Alan Gray Inc. and Deerfield Beach, Florida-based Universal Insurance Services.

JLT's 2014 revenues up on steady performance in its diverse holdings

By: Sarah Veysey

Published March 03, 2015 - 10:39am CST

Jardine Lloyd Thompson Group P.L.C. posted revenues of 1.10 billion ($1.70 billion) for 2014, up 6.2% from 979.15 million ($1.51 billion) in 2013, the London-based brokerage said Tuesday.

London broker snags competitor’s energy team

By: Sarah Veysey

Published March 02, 2015 - 12:40pm CST

London-based insurance and reinsurance brokerage THB Group Ltd. has hired a team of energy brokers from London-based Howden Insurance Brokers Ltd.

NARAB could become a reality in two years

By: Mark A. Hofmann

Published March 01, 2015 - 6:00am CST

Agents' and brokers' longtime dream of establishing a national clearinghouse for nonresident state licensing could become a reality in two years.

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