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California insurance regulators probing Zenefits

By: Thomson Reuters

Published February 12, 2016 - 9:36am CST

On the heels of the resignation of its chief executive, the software company is under investigation by the California Department of Insurance over questions about its business practices.

Willis Towers Watson merger costs hit earnings

By: Matthew Lerner

Published February 10, 2016 - 11:51am CST

Willis Towers Watson P.L.C. on Wednesday reported fourth-quarter results for Willis Group Holdings P.L.C. and Towers Watson & Co., which merged Jan. 5 to form the new insurance brokerage and consulting firm.

Uncertainty looms for Lloyd's as U.K. considers E.U. exit

By: Sarah Veysey

Published February 10, 2016 - 9:49am CST

A U.K. exit from the European Union would create uncertainty for Lloyd's of London and the wider London insurance market, Sean McGovern, chief risk officer and general counsel of Lloyd's, said Wednesday.

Brown & Brown unit acquires Oregon agency

By: Joyce Famakinwa

Published February 09, 2016 - 2:50pm CST

Brown & Brown Inc. said its Brown & Brown of Oregon L.L.C. subsidiary has acquired substantially all of the assets of Lumbermens Insurance and Risk Solutions.

Hilb buys Massachusetts agency

By: Joyce Famakinwa

Published February 09, 2016 - 2:22pm CST

The Hilb Group L.L.C. said on Tuesday that it has acquired Hyannis, Massachusetts-based Dowling & O’Neil Insurance Agency Inc.

Broker revenue growth hits speed bump

By: Mark A. Hofmann

Published February 09, 2016 - 11:13am CST

According to a new Reagan Consulting Inc. survey, three key factors contributed to the slowing of organic growth and profitability.

Burns & Wilcox expands regional offices

By: Joyce Famakinwa

Published February 08, 2016 - 1:12pm CST

Burns & Wilcox said that it has expanded its Salt Lake City, Las Vegas, and St. Louis locations.

Aon reports stable revenue in 2015 fourth quarter

By: Sheena Harrison

Published February 05, 2016 - 2:08pm CST

Stability in the brokerage's risk management and human resources management divisions helped keep revenue flat.

Property/casualty insurance rates slide further in January

By: Mark A. Hofmann

Published February 05, 2016 - 10:57am CST

According to MarketScout CEO Richard Kerr, "commercial property insurers are getting ready to scratch each other's eyes out as they fight for market share."

World Captive Forum 2016

Published February 05, 2016 - 12:01am CST

To speakers and panelists at the World Captive Forum, there's not much captive insurers can't handle.

Marsh & McLennan reports higher quarterly revenue

By: Mark A. Hofmann

Published February 04, 2016 - 12:24pm CST

Market analysts reacted positively to the firm's performance, particularly the organic growth in its risk and insurance segment.

California broker purchases commercial aviation agency

By: Joyce Famakinwa

Published February 03, 2016 - 2:24pm CST

Alliant Insurance Services Inc. on Wednesday said it has acquired Seattle-based John F. Throne & Co.

Chicago insurance broker makes West Coast buy

By: Joyce Famakinwa

Published February 03, 2016 - 1:39pm CST

Hub International Ltd. on Wednesday said it has acquired San Francisco-based Equity Risk Partners Inc.

Midsize broker adds president to CFO's title

By: Joyce Famakinwa

Published February 03, 2016 - 12:21pm CST

Hylant Group Inc. has named Bill Pridgeon president in addition to his role as chief financial officer.

Arthur J. Gallagher reports higher revenue in fourth quarter

By: Matthew Lerner

Published February 03, 2016 - 12:06pm CST

Despite a jump in expenses, organic growth and numerous acquisitions helped the broker increase its revenue and net earnings.

Broker names construction services group executive

By: Joyce Famakinwa

Published February 02, 2016 - 1:16pm CST

Alliant Insurance Services Inc. on Tuesday said it has named San Jose, California-based Michael Heffernan executive vice president of its construction services group.

Arthur J. Gallagher names new leader of wholesale unit

By: Joyce Famakinwa

Published February 01, 2016 - 3:18pm CST

Arthur J. Gallagher & Co. has made a leadership transition in its U.S. wholesale brokerage business.

Flood insurance available through new online portal

By: Joyce Famakinwa

Published February 01, 2016 - 12:27pm CST

Victor O. Schinnerer & Co. Inc. on Monday said it has launched an insurance product that provides primary coverage for commercial and residential properties through the National Flood Insurance Program and excess coverage through the private market.

New CEO named for Bowring Marsh

By: Sarah Veysey

Published February 01, 2016 - 8:48am CST

Tom Davies has been appointed global CEO of Bowring Marsh, the international wholesale placement brokerage arm of Marsh L.L.C, the brokerage announced Monday.

Private equity buyers drive surge in deals as brokerage acquisitions accelerate

By: Timothy J. Cunningham and Daniel P. Menzer

Published January 31, 2016 - 12:01am CST

Mergers and acquisitions of insurance agents and brokerages in the United States and Canada set fresh records in 2015 in deals pushed by strong valuations and ongoing private equity interest.

Willis Towers Watson names senior leaders in United Kingdom

By: Joyce Famakinwa

Published January 28, 2016 - 2:37pm CST

A company spokesman says all the appointments expand on the executives' previously held roles.

U.S. utilities worry about cyber cover after Ukraine grid attack

By: Thomson Reuters

Published January 28, 2016 - 10:52am CST

A similar cyber attack in the United States would cripple utilities, leave millions of people in the dark and cost the economy more than $200 billion.

Brown & Brown reports revenue gains for fourth quarter, full-year 2015

By: Matthew Lerner

Published January 26, 2016 - 12:06pm CST

Fourth quarter revenues at Brown & Brown Inc. rose 3.0% to $404.7 million while full-year revenues grew 5.4% to $1.66 billion, the company said in its earnings release Monday after close of trading.

Private equity owner mum on reported sale of fast-growing insurance broker

By: Matthew Lerner

Published January 26, 2016 - 11:47am CST

Genstar L.L.C., the San Francisco-based private equity owner of insurance brokerage Acrisure L.L.C., on Tuesday declined to comment on media reports that it would sell the brokerage.

East Coast blizzard to cause multibillion-dollar losses: Aon Benfield

By: Thomson Reuters

Published January 25, 2016 - 9:50am CST

Although it's too early to know exact dollar amounts, insurers expect claims to pile up from Winter Storm Jonas.

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