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London broker partners with Brazilian network

By: Sarah Veysey

Published April 20, 2015 - 10:03am CST

London-based Cooper Gay Swett and Crawford has entered a partnership with Sao Paolo, Brazil-based broker network GC do Brasil, the wholesale and reinsurance broker said Monday.

Ex-Willis catastrophe bond chief joins rival

By: Matthew Lerner

Published April 17, 2015 - 10:45am CST

Reinsurance brokerage TigerRisk Partners L.L.C. named Tony Ursano as its president Friday.

Arthur J. Gallagher buys California insurance broker

By: Matthew Lerner

Published April 16, 2015 - 3:06pm CST

Arthur J. Gallagher & Co. has acquired Huntington Beach, California-based Madison Risk & Insurance Services, Gallagher said Thursday.

Independent broker network reorganizes board of directors

By: Shelby Livingston

Published April 16, 2015 - 2:52pm CST

Independent insurance broker alliance Brokerslink has made several leadership changes to drive growth and revenue, the group said Thursday.

Willis promotes exec amid legal fight over poaching

By: Matthew Lerner

Published April 16, 2015 - 11:38am CST

Willis Group Holdings appointed a new chief for one of its specialty units amid a legal fight over a rival brokerage's alleged illegal poaching raid on the unit.

Beecher Carlson alleges conspiracy, poaching

By: Douglas McLeod

Published April 14, 2015 - 3:26pm CST

Beecher Carlson Holdings Inc. is suing two former employees, charging that they conspired to steal confidential Beecher data and lure away Beecher employees and clients when they quit to form a rival broker last year.

Breckenridge CEO named insurance woman of the year by APIW

By: Matthew Lerner

Published April 14, 2015 - 11:31am CST

Tracey Carragher, CEO of Breckenridge Insurance Group Inc. has been selected as this year's recipient of the APIW Insurance Woman of the Year Award by the Association of Professional Insurance Women, the association said Tuesday.

Business Insurance 40 Under 40 Broker Awards nominations now open

Published April 12, 2015 - 6:00am CST

Don't miss the opportunity to nominate an outstanding young broker for the 2015 Business Insurance 40 Under 40 Broker Awards. The nomination deadline is June 15.

Willis expands in Mexico through acquisition

By: Shelby Livingston

Published April 07, 2015 - 12:12pm CST

Willis Group Holdings P.L.C. on Tuesday announced it has acquired Guadalajara, Mexico-based brokerage Carsa Consultores Agente de Seguros y de Fianzas S.A. de C.V.

Marsh names risk and governance director for U.K., Ireland

By: Sarah Veysey

Published April 07, 2015 - 9:38am CST

Marsh L.L.C. on Tuesday said it has appointed Sally Williams as director of risk and governance for its U.K. and Ireland activities.

USI beefs up builder’s risk program

By: Shelby Livingston

Published April 06, 2015 - 2:58pm CST

USI Insurance Services L.L.C. has launched a builder’s risk program for projects of all sizes and types that expands the coverage terms typically offered to middle market customers, the Valhalla, New York-based brokerage announced Monday.

Integro acquires corporate broker group

By: Matthew Lerner

Published April 02, 2015 - 2:54pm CST

Brokerage Integro Ltd. has acquired NPA Insurance Broking Group, Integro said in a statement Thursday.

Insurance broker ups stake in managing general underwriter

By: Matthew Lerner

Published April 02, 2015 - 1:48pm CST

BB&T Insurance Holdings Inc., a subsidiary of BB&T Corp., will increase its stake in AmRisc L.P. to a majority while selling American Coastal Insurance Co. to certain members of the AmRisc management team, BB&T said Thursday.

Cooper Gay Swett & Crawford create MGA for professional liability market

By: Shelby Livingston

Published April 02, 2015 - 10:36am CST

Cooper Gay Swett & Crawford Ltd.'s North America unit has launched StatPro Underwriters, a managing general agent serving the U.S. miscellaneous professional liability insurance market.

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.

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