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Spencer Educational Foundation raises more than $1M for scholarships

By: Matthew Lerner

Published September 19, 2014 - 2:11pm CST

NEW YORK — The Spencer Education Foundation Inc. raised more than $1 million at the organization’s annual gala Thursday at the Waldorf-Astoria in New York.

Marsh names exec to lead research for its workers compensation excellence center

By: Stephanie Goldberg

Published September 19, 2014 - 11:44am CST

Tom Ryan has been named workers compensation market research leader for Marsh L.L.C.'s Workers' Compensation Center of Excellence, the insurance broker said Friday.

Gallagher acquires New York broker

Published September 18, 2014 - 1:02pm CST

Arthur J. Gallagher & Co. has acquired New York-based Hagedorn & Co.

Standardized technology would benefit excess and surplus lines: NAPSLO speaker

By: Bill Kenealy

Published September 17, 2014 - 12:16pm CST

ATLANTA — The lack of standardized technologies is a primary source of inefficiency in excess and surplus lines, according to speakers at the National Association of Professional Surplus Lines Offices Ltd.'s annual conference in Atlanta.

IN FOCUS Video: Hurricane and Disaster Preparedness

Published September 16, 2014 - 4:08pm CST

In our latest video report, we speak with industry experts about how homeowners, businesses and communities can be best prepared to cope with hurricanes and other costly natural disasters.

Reinsurance broker TigerRisk opens Bermuda office

By: Sarah Veysey

Published September 16, 2014 - 12:21pm CST

TigerRisk Partners L.L.C. has opened an office in Hamilton, Bermuda to provide retrocessional coverages as well as traditional reinsurance brokerage services.

Alternative capital continues to transform reinsurance sector: Guy Carpenter

By: Matthew Lerner

Published September 16, 2014 - 12:11pm CST

The ongoing influx of alternative capital is continuing to have a profound effect on the traditional reinsurance sector, according to a report issued Tuesday by reinsurance brokerage Guy Carpenter & Co. L.L.C.

Advisen's Thomas Ruggieri to lead Cooper Gay Swett & Crawford's N. America unit

By: Matthew Lerner

Published September 15, 2014 - 2:31pm CST

Advisen Ltd. founder Thomas P. Ruggieri will join Cooper Gay Swett & Crawford Ltd. as president and CEO of its North American operations.

Dave Walker to lead Independent Insurance Agents & Brokers of America

By: Mark A. Hofmann

Published September 15, 2014 - 11:21am CST

David Walker has been inaugurated as chairman of the Independent Insurance Agents & Brokers of America Inc., the Alexandria, Virginia-based producers' group announced.

Integro adds middle-market expertise with two broker hires

By: Joanne Wojcik

Published September 15, 2014 - 10:10am CST

Integro Ltd. is bolstering its middle-market practice with the addition of two experienced brokers focused on its operations in New York and New Jersey.

Leading reinsurance brokers predict lower rates, relaxed terms at renewal

By: Sarah Veysey and Gavin Souter

Published September 15, 2014 - 9:31am CST

MONTE CARLO, Monaco — Reinsurance buyers should expect lower rates and relaxed terms and conditions at upcoming renewals, according the three largest reinsurance brokerages.

Brokers diverge in investments in risk management information systems

By: Rodd Zolkos And Bill Kenealy

Published September 14, 2014 - 6:00am CST

Aon P.L.C.'s decision to sell its RMIS unit, Aon eSolutions Inc., to an affiliate of private equity firm Symphony Technology Group provides a study in contrasting RMIS approaches by the world's two largest insurance brokers.

Consolidation continues to be major factor in excess and surplus lines sector

By: Judy Greenwald

Published September 14, 2014 - 6:00am CST

Consolidation continues to be a major factor in the excess and surplus lines market as companies seek economics of scale.

Business Insurance looks at past 30 tumultuous years of surplus lines market

By: Douglas McLeod

Published September 14, 2014 - 6:00am CST

The surplus lines business has seen plenty of upheaval during the 30 years since Business Insurance began ranking the market.

Arthur J. Gallagher acquires Australian niche broker Parmia

By: Mark A. Hofmann

Published September 12, 2014 - 9:47am CST

Arthur J. Gallagher & Co. has expanded its Australian operations by acquiring Parmia Pty Ltd. of Beenleigh, Australia, Itasca, Illinois-based Gallagher announced Friday.

Willis Re acquires Maine-based accident and health reinsurance broker

By: Matthew Lerner

Published September 11, 2014 - 1:28pm CST

Willis Re Inc., the North American reinsurance business of Willis Group Holdings P.L.C., will acquire Portland, Maine-based reinsurance broker SurePoint Reinsurance Advisors L.L.C., Willis said Thursday.

Commercial broker consolidations expected to continue: MarketScout speaker

By: Matthew Lerner

Published September 10, 2014 - 4:09pm CST

DALLAS — Consolidation in the commercial insurance brokerage sector is likely to continue over the next several years driven in large part by funding from private equity entities.

Gallagher captive manager Artex discloses it's subject to IRS probe

By: Joanne Wojcik

Published September 10, 2014 - 2:21pm CST

Artex Risk Solutions Inc. has confirmed that it is involved in an Internal Revenue Service probe into captive insurers formed under 831(b) of the Internal Revenue Code.

Jim Pierce joins Jardine Lloyd Thompson's U.S. specialty group from Marsh

By: Mark A. Hofmann

Published September 10, 2014 - 2:11pm CST

Jardine Lloyd Thompson Group P.L.C. on Wednesday said it has appointed Jim Pierce as chairman of its new U.S. specialty business, JLT Specialty Insurance Services Inc.

Marsh names Dean Klisura global head of industries and placement

By: Mark A. Hofmann

Published September 10, 2014 - 12:58pm CST

Dean Klisura has been named Marsh L.L.C.'s global head of industries and placement, Marsh announced Wednesday.

Gallagher expands in Connecticut

Published September 10, 2014 - 10:05am CST

Arthur J. Gallagher & Co. has acquired Everett James, Inc. located in Ridgefield, Connecticut, Itasca, Illinois-based Gallagher announced this week.

Gallagher buys Connecticut-based benefits consultant

By: Matt Dunning

Published September 09, 2014 - 4:47pm CST

Arthur J. Gallagher & Co. on Tuesday announced the purchase of Everett James Inc., a Ridgefield, Connecticut-based employee benefits broker and consultant.

Aon Risk Solutions fills U.S. financial management positions

By: Mark A. Hofmann

Published September 09, 2014 - 2:31pm CST

Aon P.L.C.'s Aon Risk Solutions operation announced a series of changes to the management of its U.S. financial services group management team on Monday.

BROKER BEAT: M3 Insurance

Published September 09, 2014 - 1:24pm CST

Business Insurance Associate Editor Bill Kenealy speaks with Mike Victorson, president and CEO of M3 Insurance, about issues currently impacting the Wisconsin-based insurance brokerage.

Kevin Callahan named head of sales for Marsh's global risk and specialties unit

By: Mark A. Hofmann

Published September 09, 2014 - 10:30am CST

Marsh L.L.C. on Tuesday said Kevin R. Callahan has been named as sales leader for Marsh L.L.C.'s global risk and specialties operation.

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