Market MovesPosted On: Mar. 11, 2007 12:00 AM CST
UnumProvident Corp. rebrands as Unum Group
CHATTANOOGA, Tenn.UnumProvident Corp. has changed its name to Unum Group as part of a larger rebranding effort focusing on the Chattanooga, Tenn.-based organization's group benefits capabilities.
While the parent has changed its moniker, Unum said in a statement that the names of its insurance subsidiariesUnum Life Insurance Co. of America, Provident Life & Accident Insurance Co., Paul Revere Life Insurance Co. and Colonial Life & Accident Insurance Co.remain the same.
Unum insures 25 million people in the United States and the United Kingdom.
Cooper Gay renames Leadenhall Insurance
NEW YORKLondon-based Cooper Gay (Holdings) Ltd. has renamed Leadenhall Insurance Brokers Inc., its U.S. specialty wholesale brokerage, as Cooper Gay Risk Services Inc.
The name change is intended to more closely align the New York-based arm with the brand of its parent insurance and reinsurance intermediary that also operates at Lloyd's of London, Cooper Gay said in a statement.
Cooper Gay Risk Services is led by Managing Director Emma Garner.
All Risks Ltd. opens Wash., Fla. Branches
HUNT VALLEY, Md.All Risks Ltd. has opened branches to service the Seattle and Orlando, Fla., areas, the Hunt Valley, Md., wholesale insurance broker and managing general agent announced.
The Redmond, Wash., office is led by Branch Manager Jason Ferguson, and will handle brokerage and contract binding business.
Contact information is: 18300 N.E. Union Hill Road, Suite 286, Redmond, Wash., 98052; Phone: 866-598-9047; Fax: 425-882-6977.
The Lake Mary, Fla., office is led by Underwriter Liz Henderson, who has focused on commercial lines, property/casualty underwriting and marketing management.
The office is at 801 International Parkway, Fifth Floor, Lake Mary, Fla., 32746; Phone: 407-562-1420; Fax: 470-562-1725.
OneBeacon specialty arm targets public entities
BOSTONOneBeacon Insurance Group has formed a public entity arm, OneBeacon Government Risk Solutions.
Josette Kiel is leading the new unit, the second formed since Boston-based OneBeacon's initial public offering in November. The first was OneBeacon's Accident & Health Group. Ms. Kiel can be reached at 210-807-0691 or firstname.lastname@example.org.
OneBeacon Government Risk Solutions will offer property/ casualty products for governmental entities.
U.S. Risk purchases E.M. Morrow in California
OAKLAND, Calif.U.S. Risk Insurance Group Inc. has purchased E.M. Morrow Insurance General Agency Inc. and made the Oakland, Calif., operation a subsidiary of U.S. Risk of California Inc., the Dallas-based specialty lines underwriting manager and wholesale broker said.
Morrow Principal David Barkley and existing management at the agency will continue operating Morrow and expand U.S. Risk's presence in California.
The purchase price was not disclosed.
Burns & Wilcox makes Chicago-area move
DOWNERS GROVE, Ill.Burns & Wilcox Ltd. has expanded its Chicago-area operation and moved from Lombard to Downers Grove, Ill., the Farmington Hills, Mich.-based specialty insurance wholesaler, underwriter and managing general agent said.
This is its 13th office to expand in the past year in addition to opening four new offices, Burns & Wilcox said in a statement.
The new office's contact information is: 3010 Highland Parkway, Suite 650, Downers Grove, Ill., 60515; Phone: 630-874-1100; Fax: 630-795-0296.
Electronic exchange expands operations
ST. CHARLES, Ill.MarketScout Corp., a Dallas-based electronic insurance exchange specializing in property/casualty products, has expanded to the Chicago area.
The new office will focus on personal lines, workers compensation and "tough" liability placements, the company said in a statement.
Co-leaders of the office are Kandy Taccki and Suzanne Dettmann, both personal lines underwriting manager.
Contact information is: 40W222 LaFox Road, Suite Q2, St. Charles, Ill., 60175; Phone: 630-377-9460 (Ms. Taccki) or 9430 (Ms. Dettmann); Fax: 630-377-9435.