European Union lawmakers voted on Thursday to limit the scope of a proposed free-trade deal between Europe and the United States, backing French demands to leave out culture and potentially irritating Washington. The European Parliament, which can veto EU trade …
Global broker Marsh Inc. announced that it has reached a definitive agreement to acquire the Rehder y Asociados Group, an insurance advisor in Peru. Marsh said the “business includes the insurance broker Rehder y Asociados and employee health and benefits …
The ACE Group said it has received provisional approval from Myanmar’s Directorate of Investment and Company Administration to establish a representative office in the country. ACE said it is now completing the registration process with the relevant Myanmar authorities with …
A bulletin from the Association of British Insurers (ABI) notes that the UK’s Financial Secretary to the Treasury Greg Clark announced on Tuesday May, 21 that the Government has outlined a “strategy for the insurance sector to enhance its position …
Standard & Poor’s Ratings Services announced that it has reviewed its ratings on 22 large global reinsurance groups by applying its new ratings criteria for insurers, which were published on May 7, 2013. (See the Ratings List for the ratings …
Underwriting manager Victor O. Schinnerer & Co. has introduced a new stand-alone workers’ compensation program. Schinnerer will serve as a program access point for retail agents and brokers. The stand-alone coverage, offered through an A-rated insurance carrier, is available for …
Hartford, Conn.-based SPARTA Insurance Co. promoted Tom Colosi to chief underwriting officer effective June 1. He has been serving as senior vice president of underwriting since joining SPARTA last November. Prior to joining SPARTA, Colosi led The Hartford’s countrywide group …
Novato, Calif.-based Fireman’s Fund Insurance Company appointed Erik Matson to the position of commercial insurance field executive.In this role, Matson will be responsible for growing Fireman’s Fund’s commercial insurance business, including middle market, small business and farm & ranch business. …
Overland Park, Kan.-based SeaFire Insurance Services said it is seeking new agency partners in Pennsylvania and New Jersey for its exclusive auto dealer and repair insurance program. SeaFire said it will consider appointments for retail insurance agencies with scale, brand, …
U.S. Transportation Secretary Ray LaHood announced on Thursday an additional $3.7 billion in disaster relief funds to help the four major transit agencies in New York and New Jersey that sustained the greatest damage from Hurricane Sandy. In addition to …
