Arthur J. Gallagher and Co. and Persing, Dyckman & Toynbee Inc. have merged. Persing, Dyckman & Toynbee is an independent insurance brokerage that has operated in the Tacoma, Wa., area for more than 50 years. It was started by Dug …
As part of a master growth plan, Bolton & Company Insurance Brokers, one of the largest privately held insurance brokers in the United States, has relocated its corporate headquarters to a building in Pasadena formerly occupied by Chicago Title Company. …
American International Group has named Richard Holbrooke, former U.S. ambassador to the United Nations, and Frank Zarb, Nasdaq stock market Chairman, to its board of directors. “They are two outstanding individuals who will bring a wide range of skills and …
Talks between Allstate Corp. and more than 300 of its captive agents to settle a long-running dispute over contractual changes have broken down. The insurer faces complaints regarding its 1999 plan to convert agent positions to independent contractor status. The …
Calabasas, Calif.-based Amwest Insurance Group Inc. announced it will reduce its work force from 347 to about 255 and close branches as part of a strategic business reorganization plan. Under this plan, the company’s operations will be restructured in line …
Swiss Re announced that it “expects earnings for the year 2000 to be up slightly more than 20%,” and that “significant improvements” had been made in the recent reinsurance renewal period. The company profited from unusually high returns on its …
GE Capital made it clear that the fight for Britain’s Equitable Life wasn’t over yet, when it came back to the table with an improved offer for the troubled insurer. While details of the new bid weren’t revealed, GE had …
NRMA, Australia’s largest general insurer, has agreed to acquire New Zealand’s State Insurance Ltd from CGNU, its present owner, for A$325 million ($178.23 million). CGNU chose to sell the former Norwich Union subsidiary rather than integrate its operations with its …
California Insurance Commissioner Harry Low revoked the license of former insurance agent Raymond Michael Graney, who did business as Team Concepts Insurance Services. An administrative hearing on Graney’s licensing rights revealed various misrepresentations toward several clients, most of whom were …
An arbitration panel ruled unanimously Tuesday that the United States violated the North American Free Trade Agreement by barring Mexican trucks from most of its highways. But it said the United States can require Mexican truckers to meet U.S. safety …
