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Gallagher's international growth sparks U.K. financial inquiry

By: Matthew Lerner

Published May 26, 2015 - 2:02pm CST

Arthur J. Gallagher, the London-based international operations of broker Arthur J. Gallagher & Co., has acknowledged it is cooperating with Britain’s Financial Conduct Authority on a report about the firm’s operations.

Middle-market broker buys condo insurance specialist

By: Matthew Lerner

Published May 21, 2015 - 4:02pm CST

The Hilb Group L.L.C. on Thursday said it has acquired All Lines Insurance Group Inc. of Clearwater, Florida.

Lumbermen’s ordered into financial rehabilitation

By: Sheena Harrison

Published May 21, 2015 - 2:43pm CST

Lumbermen’s Underwriting Alliance, a Boca Raton, Florida-based workers compensation insurer, has been placed into rehabilitation by a Missouri court, according to the Missouri Department of Insurance.

Industry lobbyist leaves for insurer leadership post

By: Bob Herman | Modern Healthcare

Published May 21, 2015 - 12:03pm CST

Karen Ignagni, the longtime head of America's Health Insurance Plans, is leaving the industry's lobbying group to become president and CEO of EmblemHealth, an insurer based in New York.

Former AIG exec to join Worldwide Broker Network

By: Shelby Livingston

Published May 21, 2015 - 10:55am CST

Worldwide Broker Network has named former American International Group Inc. executive Francie Starnes to the newly created role of president and chief operating officer.

California broker acquires benefits consulting firm

By: Mark A. Hofmann

Published May 19, 2015 - 9:52am CST

Insurance broker Edgewood Partners Insurance Center has acquired Los Angeles-based employee benefits consulting firm Executive Financial Inc.

Best Places to Work in Insurance accepting entries through June 5

Published May 08, 2015 - 9:17am CST

The insurance industry is always on the hunt for talent, and providing a great place to work is a key factor in attracting and retaining the brightest prospects.

Marsh acquires benefits brokerage for Japanese firms in U.S.

By: Shelby Livingston

Published May 07, 2015 - 3:17pm CST

Marsh L.L.C. has acquired Sumitomo Life Insurance Agency America Inc., the employee benefits brokerage of Osaka, Japan-based Sumitomo Life Insurance Co., Marsh said Thursday.

Boston broker expands into higher education benefits

By: Shelby Livingston

Published May 06, 2015 - 2:28pm CST

Boston-based broker Risk Strategies Co. has acquired Chicago-based employee benefits broker Northwest Comprehensive Inc.

Chicago insurance broker expands Midwest footprint

By: Shelby Livingston

Published May 06, 2015 - 2:02pm CST

Hub International Midwest Ltd., part of Chicago-based Hub International Ltd., on Wednesday said it has acquired Tulsa, Oklahoma-based property/casualty and employee benefits brokerage The Holmes Organisation.

Florida insurance agency names vice chairman

By: Mark A. Hofmann

Published May 05, 2015 - 9:41am CST

D. Michael Sherman has been appointed to the newly created position of vice chairman of AssuredPartners Inc., the Lake Mary, Florida-based independent insurance agency said Tuesday.

Gallagher acquires human resources consultant

By: Matt Dunning

Published May 01, 2015 - 2:49pm CST

Arthur J. Gallagher & Co. said Friday that it has acquired Integrated Healthcare Strategies, a Kansas City, Missouri-based human resources consultant.

Ryan Specialty unit launches property coverage program

By: Shelby Livingston

Published May 01, 2015 - 12:29pm CST

New York-based WKFC Underwriting Managers, part of Ryan Specialty Group L.L.C., has launched a nationwide property insurance program with wind coverage.

Strong dollar outweighs organic growth as Aon's revenue dips

By: Matthew Lerner

Published May 01, 2015 - 12:00pm CST

Aon P.L.C. saw first-quarter revenue slip 3.4% to $2.85 billion as headwinds from foreign currency and excess reinsurance capital offset 3% organic growth, the brokerage said Friday.

JLT USA expects $50 million in 2015 revenue

By: Sheena Harrison

Published May 01, 2015 - 11:41am CST

JLT USA, a unit of London-based insurance and reinsurance brokerage Jardine Lloyd Thompson Group P.L.C., is expected to post $50 million in revenue and a net trading loss of $35 million for 2015, the company said Friday.

Former insurance superintendent to join reinsurance broker

By: Mark A. Hofmann

Published May 01, 2015 - 11:24am CST

Former New York Superintendent of Insurance James J. Wrynn will join Guy Carpenter & Co. L.L.C. as managing director/vice chair of strategic advisory (U.S.) on May 11, his current employer, law firm Goldberg Segalla, announced Friday.

Marsh & McLennan posts higher quarterly profit

By: Bill Kenealy

Published April 30, 2015 - 5:13pm CST

Continuing to add capabilities across its various operating segments, Marsh & McLennan Cos. Inc. posted higher profit Thursday in the face of global economic pressures and a softening property/casualty insurance market.

Willis revenues down despite organic growth

By: Matt Dunning

Published April 29, 2015 - 2:53pm CST

Willis Group Holdings P.L.C. saw modest declines in total revenue and profits in the first quarter of 2015, despite positive organic growth in all four of its operating segments.

Willis takes fast risk with supersonic car

Published April 29, 2015 - 2:01pm CST

As one of the world's largest insurance brokers, Willis Group Holdings P.L.C. doesn't seem to be afraid of some four-wheeled thrills.

Insurance broker personnel raids may test noncompete clauses

By: Douglas McLeod

Published April 26, 2015 - 6:00am CST

A flurry of broker poaching lawsuits may show how seriously the industry takes defections, but such suits face a minefield of legal and practical obstacles.

Q&A: Grahame Chilton, Arthur J. Gallagher

Published April 26, 2015 - 6:00am CST

Grahame Chilton was named CEO of Arthur J. Gallagher's international operations in February, a role that will take effect after all regulatory approvals are in place. His career spans more than 30 years. In 2013 he founded specialist reinsurance broker Capsicum Re, a joint-venture with Gallagher. He previously was chairman of Aon Benfield Group Ltd., having overseen the sale of Benfield Group Ltd....

Brian W. Merkley takes collaborative approach wtih brokers, underwriters

By: Judy Greenwald

Published April 26, 2015 - 6:00am CST

A collaborative approach with key partners including brokers and insurers is a significant factor in the risk management philosophy followed by Brian W. Merkley as global director of corporate risk management at Salt Lake City-based chemical manufacturer Huntsman Corp.

Kathleen M. Ireland directs many players in IBM's global insurance program

By: Mark A. Hofmann

Published April 26, 2015 - 6:00am CST

For IBM, having a global insurance program simply makes good sense, according to Kathleen M. Ireland, vice president of global risk and insurance.

Gallagher reports strong quarterly revenue, but drop in net income

By: Matthew Lerner

Published April 24, 2015 - 11:49am CST

Arthur J. Gallagher & Co. said Friday that first-quarter revenue was up 34.6% to $1.23 billion, but expenses grew 39.5% to $1.20 billion, hurting net income, which dropped 55.6% to $21.9 million.

Policy checker program offers error solutions for brokers

By: Shelby Livingston

Published April 23, 2015 - 11:46am CST

Document analysis software company Adsensa Ltd. has launched an insurance policy-checking product for North American brokers that aims to minimize potential errors and omissions exposures and reduce policy backlog.

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