Hilb, Rogal and Hamilton Company (HRH) has completed the acquisition of Georgia-based Hobbs Group, LLC (Hobbs), one of the nation’s independent insurance brokers serving top-tier middle-market and risk management clients. Hobbs generated revenues of $95.2 million in 2001 providing property …
The Texas Department of Insurance announced that doctors coming to the state’s Joint Underwriting Association (JUA) for medical malpractice insurance now have more policy choices and, for certain beleaguered specialties, lower premium rates because of a unanimous decision by the …
Chicago and Toronto-based insurance brokerage, Hub International Limited, announced that J.P. Morgan Securities Inc., on behalf of the underwriters of the previously announced public offering of 6,000,000 common shares in the United States, has exercised its over-allotment option and acquired …
The Minnesota Democrat-Farmer-Labor Party should take its own advice and pull radio ads that include misleading insinuations about the American Insurance Association (AIA), the trade group said. In an ad airing on Minnesota radio stations, the DFL Party accuses an …
Investigators with the California Department of Insurance (CDI) Criminal Investigations Branch’s Fraud Division announced the arrest of a southern California man for workers’ compensation insurance fraud and grand theft. Carlos Villanueva Ochoa, 47, was charged with two felonies and bail …
OneBeacon Insurance Group has expanded the deployment of the ActivePhoto Mobile Imaging Solution from the initial states of Massachusetts and Connecticut to its New Jersey, New York, and Maine offices. California-based ActivePhoto, a provider of wireless imaging and data solutions …
Full Time Solutions Inc. will be offering Employers’ Practices Liability Insurance (EPLI) as an additional service to their current and prospective client companies. FTS Insurance Services, a division of California-based Full Time Solutions Inc., in partnership with Cedar Hill Insurance, …
Norway’s Den Norske Bank (DnB) announced that it is dropping its bid to take over Storebrand, the country’s largest insurer. DnB had originally offered 1.33 shares of its stock in exchange for one Storebrand share, valuing the deal at around …
In the latest triumph of marketing hype over common sense, CGNU, the U.K.’s largest insurer, officially recommenced life on Monday as Aviva Plc. CEO Richard Harvey, who first proposed the change last February, has indicated that it will give the …
Bermuda-based Trenwick Group Ltd. announced that it has commenced an arbitration proceeding seeking $55 million in damages and other relief against European Reinsurance Company of Zurich, a subsidiary of Swiss Re. Trenwick notified European Re at the end of March …
