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Broker acquires pension administration firm

By: Shelby Livingston

Published October 02, 2015 - 12:39pm CST

Insurance broker CBIZ Inc. has acquired Roswell, Georgia-based pension administration services provider Pension Resource Group Inc.

BB&T buys stake in London broker from Willis

By: Matthew Lerner

Published October 02, 2015 - 11:31am CST

BB&T Corp. will acquire a 16.9% stake in Miller Insurance Services L.L.P. from Willis Group Holdings P.L.C. in a move which BB&T says will enhance its offerings to its insurance brokerage clients.

Willis launches protected cell company facility in Vermont

By: Joyce Famakinwa

Published September 30, 2015 - 1:43pm CST

Willis Group Holdings P.L.C.’s global captive practice unit, said Wednesday that it has set up Encore Insurance PCC Ltd., a Burlington, Vermont-based protected cell company insurance facility, to underwrite U.S. risks.

Lockton executives take on bigger duties

By: Mark A. Hofmann

Published September 29, 2015 - 2:32pm CST

Three senior executives at Lockton Cos. have assumed expanded roles, the Kansas City, Missouri-based broker announced Tuesday.

Retiring chairman took BB&T Insurance to new heights

By: Matthew Lerner

Published September 29, 2015 - 10:28am CST

H. Wade Reece will retire as chairman and CEO of BB&T Insurance Holdings Inc. on Dec. 31 after taking the business from the millions to the billions during his tenure.

Web-based benefit brokers shake up model

By: Shelby Livingston

Published September 27, 2015 - 6:00am CST

Deep-pocketed startups in the benefits business are grabbing headlines, winning customers and making old school brokers sweat, but they're also igniting change in the way traditional brokers operate.

Security sector specialty broker offers commercial liability

By: Joyce Famakinwa

Published September 24, 2015 - 11:25am CST

The Mechanic Group Inc. said Tuesday that it will offer commercial liability insurance, including errors and omissions for background screening firms in the U.S., Canada, and Puerto Rico.

Towers Watson CEO sold stock during Willis deal talks: Report

By: Thomson Reuters

Published September 24, 2015 - 8:24am CST

(Reuters) — Towers Watson & Co. Chief Executive John Haley sold shares in the human resources consultancy for a profit of about $9.7 million while the company was discussing a merger with Willis Group Holdings P.L.C., the Wall Street Journal reported.

London market facilities continue despite Berkshire pullout

By: Sarah Veysey

Published September 23, 2015 - 9:49am CST

Broker-insurer underwriting facilities will remain a part of the London insurance market despite Berkshire Hathaway Inc.'s slated withdrawal, sources say.

Brown & Brown revamps retail division, Lydecker's duties

By: Matthew Lerner

Published September 18, 2015 - 12:52pm CST

Analysts expect appointment of six regional presidents to boost profitability amid continued rate pressure.

Marsh & McLennan promotes its own man as CFO

By: Mark A. Hofmann

Published September 17, 2015 - 3:06pm CST

Mark McGivney will succeed J. Michael Bischoff, who is retiring Dec. 31 after three years in the role.

John Lloyd stepping down as JLT Specialty CEO

By: Mark A. Hofmann and Sarah Veysey

Published September 14, 2015 - 12:42pm CST

Part of planned succession, Lloyd will stay on as an adviser to key clients.

London broker taps ex-Gallagher exec to lead international business

By: Joyce Famakinwa

Published September 14, 2015 - 12:08pm CST

David Battman to help BMS expand its international reach in new post.

Alternative capital flow into reinsurance market slows

By: Sarah Veysey

Published September 14, 2015 - 11:45am CST

MONTE CARLO, Monaco — Alternative capital continues to flow into the reinsurance market, but the pace of that influx has slowed, according to JLT Re, the reinsurance brokerage arm of Jardine Lloyd Thompson Group P.L.C.

Millennials set to step up in P/C sector

By: Mark A. Hofmann

Published September 13, 2015 - 6:00am CST

DALLAS — The millennial generation stands to make a major contribution to the property/casualty insurance sector as it enters a critical period, according to one insurance executive.

Marsh to expand in U.K. with significant acquisition

By: Donna Mahoney

Published September 11, 2015 - 11:20am CST

Come March, Marsh will be 69,000 clients and accounts larger thanks to its $397 million deal for Jelf Group.

Professional liability division serves securities broker-dealers

By: Joyce Famakinwa

Published September 10, 2015 - 2:07pm CST

Pioneer Underwriting Ltd. said Thursday that it has launched a professional liability underwriting capability for securities broker-dealers.

Insurance broker expands in Nashville

By: Donna Mahoney

Published September 08, 2015 - 11:26am CST

AssuredPartners Inc. on Tuesday said it has acquired Nashville, Tennessee-based insurance broker Bandy Van Cleave & Williamson L.L.C.

Hub International acquires West Coast brokers

By: Joyce Famakinwa

Published September 03, 2015 - 1:58pm CST

Chicago-based insurance broker Hub International Ltd. said Thursday it has acquired the assets of Yakima, Washington-based EmSpring Corp. and Simi Valley, California-based Arrow Insurance Service Inc.

Wholesale broker acquires stake in specialty trucking agency

By: Joyce Famakinwa

Published September 03, 2015 - 12:01pm CST

Dallas-basedwholesale broker U.S. Risk Insurance Group Inc. said Thursday that it has acquired ownership interest in Strategic Program Managers dba Strategic Insurance Underwriters.

Expanding insurance brokerage makes Northeast region hires

By: Donna Mahoney

Published September 02, 2015 - 2:35pm CST

Beecher Carlson Insurance Services L.L.C. has hired a managing director and a Northeast property practice leader, the Atlanta-based broker announced Wednesday.

Ryan Specialty buys rival wholesale brokerage

By: Matthew Lerner

Published September 02, 2015 - 11:13am CST

R-T Specialty L.L.C., the wholesale brokerage unit of Ryan Specialty Group L.L.C., has acquired specialty wholesaler A.J. Renner & Associates from USI Holdings Corp.

NFP acquires commercial property/casualty broker

By: Donna Mahoney

Published September 01, 2015 - 2:52pm CST

Insurance broker NFP Corp. on Tuesday said it has acquired Insurance Management Associates, a commercial property/casualty insurance broker offering specialty expertise in the real estate, construction, retail, manufacturing and wholesale industries.

Brokers see growth on demand for employee benefit services

By: Matthew Lerner

Published August 30, 2015 - 6:00am CST

The largest publicly traded insurance brokers rode a slowly improving economy to single-digit organic growth during the first half of the year as foreign exchange rates and soft pricing headwinds swirled.

Week in pictures

Published August 28, 2015 - 9:54am CST

Tropical storms, airshow crashes and executive poaching make for a full week at Business Insurance. View the gallery.

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