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Hub International acquires benefits consultant Laurus Strategies

By: Joanne Wojcik

Published October 29, 2014 - 4:04pm CST

Chicago-based Hub International Midwest, a division of broker Hub International Ltd., is acquiring the assets of Laurus Strategies, an employee benefits, human resource technology and global benefits consulting business also based in Chicago.

Commercial insurance rates stable in third quarter: CIAB

By: Bill Kenealy

Published October 29, 2014 - 3:39pm CST

Average rates for commercial property/casualty insurance barely moved in the third quarter of 2014, the quarterly pricing survey released by the Council of Insurance Agents & Brokers finds.

Willis reports $812M in third quarter revenue

By: Matt Dunning

Published October 28, 2014 - 5:21pm CST

Willis Group Holdings P.L.C. reported $812 million in total revenue for the third quarter of 2014, a 2.1% increase over results from the same period a year ago, the company announced on Tuesday.

Arthur J. Gallagher reports $1.29B in third quarter revenue

By: Bill Kenealy

Published October 28, 2014 - 4:45pm CST

Arthur J. Gallagher & Co. reported on Tuesday that its third-quarter revenue rose 53.9% over the same period a year ago to $1.29 billion, driven in large part by its ongoing acquisitions and a healthy rating environment.

IN FOCUS Video: 40 Under 40 Broker Awards

Published October 28, 2014 - 3:47pm CST

In our latest video, we talk to some of the honorees and panelists from Business Insurance's 2014 40 Under 40 Broker Awards program.

Insurance broker Aon launches Ebola liability cover

Published October 28, 2014 - 2:25pm CST

(Reuters) — U.S. insurance broker Aon has launched Ebola liability cover for hospitals and other health care institutions, the company said on Tuesday.

Marsh & McLennan reports third-quarter growth across all sectors

By: Bill Kenealy

Published October 28, 2014 - 11:52am CST

Marsh & McLennan Cos. Inc. reported 2014 third-quarter revenue of $3.14 billion on Tuesday, a 7.1% increase over the same period last year.

Aetna says third-quarter profit rose despite higher health costs

Published October 28, 2014 - 9:40am CST

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, said on Tuesday that third-quarter profit rose as the benefits of its Coventry government healthcare acquisition offset higher medical costs in its commercial business.

XL third-quarter net income down from 2013

By: Bill Kenealy

Published October 27, 2014 - 6:08pm CST

XL Group P.L.C. said Monday it had net income of $72.4 million for the third quarter of 2014, a 46.6% decrease from the prior-year quarter.

Willis Capital launches simplified cat bond placement platform

By: Bill Kenealy

Published October 27, 2014 - 12:58pm CST

Looking to ease the private placement of catastrophe bonds for its clients, Willis Capital Markets & Advisory announced the establishment of Resilience Re on Monday.

2014 Annual PCI Meeting

Published October 27, 2014 - 11:26am CST

Follow Business Insurance's complete coverage of the Property Casualty Insurers Association of America's 2014 annual meeting in Scottsdale, Arizona.

Guy Carpenter practice to focus on health care providers and insurers

By: Stephanie Goldberg

Published October 27, 2014 - 11:26am CST

Guy Carpenter & Co. L.L.C. is launching a U.S. Healthcare & Life Specialty Practice that will focus on the needs of health care providers and insurers, the New York-based reinsurance brokerage said Monday.

Lower commercial insurance rates expected at renewals

By: Gavin Souter

Published October 26, 2014 - 6:00am CST

COLORADO SPRINGS, Colorado — Commercial insurance buyers should anticipate lower rates and wider choice in coverage terms at upcoming renewals as insurance pricing softness accelerates in most lines.

Willis' size, Miller Insurance Services' wholesale expertise aids both brokers in merger

By: Matthew Lerner

Published October 26, 2014 - 6:00am CST

Willis Group Holdings P.L.C.'s plan to take a majority stake in Miller Insurance Services L.L.P. to set up a London-based specialty broker handling wholesale and Lloyd's of London business would take advantage of Willis' scale and Miller's client base.

JLT Reinsurance deal boosts sector revenue, but brokers face tough market

By: Sarah Veysey

Published October 26, 2014 - 6:00am CST

The world's 10 largest reinsurance brokerages increased their collective gross revenue by 7.4% in 2013, the largest gain in at least a decade, despite softer reinsurance pricing. Much of the increase can be attributed to JLT Reinsurance Brokers Ltd. and its late 2013 acquisition of the reinsurance brokerage operations of Towers Watson & Co.

UP CLOSE: Rachelle Tucker

Published October 26, 2014 - 6:00am CST

QUINCY, MASSACHUSETTS-BASED SENIOR PROPERTY AND CASUALTY BROKER

Women pay more than men for health care benefits: Mercer

By: Joanne Wojcik

Published October 24, 2014 - 3:40pm CST

Women pay more for health benefits and receive less coverage, according to researchers at Mercer L.L.C.

Allied World profit drops; business segments to be reorganized

By: Mark A. Hofmann

Published October 23, 2014 - 11:49am CST

Third-quarter net income at Allied World Assurance Co. Holdings A.G. fell 74.8% from the prior-year period to $30.9 million as the Zug, Switzerland-based underwriter contended with increased catastrophe losses.

BROKER BEAT Video: Woodruff-Sawyer & Co.

Published October 21, 2014 - 4:42pm CST

Business Insurance Associate Editor Bill Kenealy speaks with Priya Huskins, Senior Vice President of Woodruff-Sawyer & Co., about Bay area D&O buyers, big data and regulation.

Possible sunset of federal terrorism coverage backstop concerns insurers

By: Sheena Harrison

Published October 21, 2014 - 1:58pm CST

CHICAGO — The federal terrorism insurance backstop set to expire at the end of this year likely will be replaced or extended, but insurers are worried about workers comp exposures if the backstop goes away.

Property and casualty rates soft, but aviation rates could soar in 2015

By: Matthew Lerner

Published October 21, 2014 - 1:46pm CST

Commercial property and casualty rates will continue to be soft during 2015 as other lines like commercial aviation and in some cases cyber coverage could show strength.

Reagan Consulting producer hiring study finds problems

Published October 21, 2014 - 1:16pm CST

Independent insurance agents and brokers posted a 56% success rate in producer hiring in the past five years, although the hiring performance of the top and bottom firms varied widely, found a new study from Atlanta-based Reagan Consulting.

Western World CEO to retire upon takeover by Validus

By: Matthew Lerner

Published October 21, 2014 - 11:05am CST

Thomas Mulligan will retire as president and CEO of Western World Insurance Group Inc. effective Jan. 1, 2015, following the completion of the firm’s acquisition by Validus Holdings Ltd., on Oct. 2, Western World said in a statement Tuesday.

Acquisitions help boost Brown & Brown third-quarter revenue

By: Mark A. Hofmann

Published October 21, 2014 - 10:18am CST

Brown & Brown Inc. posted third-quarter revenue of $421.3 million, a 17.3% increase over that of the same period in 2013, the Daytona Beach, Florida-based broker reported.

No change in Colorado comp loss rates for 2015

By: Stephanie Goldberg

Published October 20, 2014 - 2:39pm CST

Colorado employers will see no change to workers compensation loss cost rates for next year, the state Department of Regulatory Agencies said Thursday.

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