Monthly Archives: <span>May 2011</span>

Hub International Acquires Texas-based The Transportation Group

Hub International Limited (Hub) has acquired The Transportation Group, LTD (TTG), a Dallas and Houston, Texas-based brokerage firm that specializes in insurance and risk management for the trucking industry. Terms of the acquisition were not disclosed. TTG will become part …

Ryan Specialty Group to Buy Lloyd’s Insurer Jubilee

Chicago-based insurance holding company Ryan Specialty Group, LLC (RSG) has agreed to acquire specialist Lloyd’s insurer Jubilee Group Holdings Limited. Jubilee Group Holdings owns Jubilee Managing Agency Limited and the distribution and administration businesses Lutine Assurance Services Ltd., Jubilee Service …

Calif. Practices for Flooding as South is Inundated

Emergency workers in nearly half of California counties will be practicing for a catastrophic flood this week — a drill given added urgency by the once-in-a-generation flooding in the Mississippi River delta 2,300 miles to the east. The reason for …

Suit Says USAA Unfairly Denied Car Crash Claims

A Salem, Ore., attorney has filed a lawsuit accusing USAA Insurance Co, which represents military members and their families, of fraudulently denying claims after car crashes. The Salem Statesman Journal reports the suit, filed in Portland, accuses USAA Insurance Co. …

Flood Appointed Chief Deputy Commissioner in Michigan

Ann Flood has been appointed Chief Deputy Commissioner in Michigan’s Office of Financial and Insurance Regulation (OFIR), effective May 17, 2011. She will oversee OFIR’s Office of General Counsel, Health Plans Division, and Supervisory Affairs and Insurance Monitoring Division. Flood …

Ratings Roundup: Mapfre Tepeyac, UFP, Cotswold, Johnston Re

A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Mexico’s Mapfre Tepeyac S.A., both with stable outlooks. The ratings reflect Mapfre Tepeyac’s “solid balance sheet, growing market presence and adequate …

Lexington to Insure Alternative Energy Tax Credits

Lexington Insurance Co., a Chartis company, has introduced ITC Energy – 48SM, its energy investment tax credit insurance program, which consists of ITC Energy-48SM Mobile Property Insurance and ITC Energy-48 SM Professional Liability Insurance. This new suite of products is …

CMR Risk & Insurance Receives Employer of the Year Award

San Diego Insurance Women, an affiliate of the National Association of Insurance Women, International, has presented the Employer of the Year award to CMR Risk & Insurance Services Inc. This award is given each year to the employer who has …

Integro Acquires Argo Insurance Brokers

Insurance brokerage and risk management firm Integro has acquired Argo Insurance Brokers, a San Francisco Bay Area broker offering commercial, private client services, employee benefits and specialty insurance programs. Financial details of the transaction have not been disclosed. Argo will …

National Interstate Enters Ambulance Insurance Market

National Interstate Insurance Co., a provider of transportation insurance, has entered the ambulance insurance market through a relationship with McNeil & Company, Inc.. The Ambulance Services Insurance Program (ASIP) is an insurance product created specifically for emergency and non-emergency medical …