Marsh & McLennan Agency LLC (MMA) said it has acquired Senn Dunn Insurance in North Carolina. Terms of the transaction were not disclosed. Founded in 1927, Senn Dunn has annual revenue of approximately $30 million and 155 employees. In 2013, …
Three more defendants in a $1 million arson insurance scheme in Logan, West Virginia, have been sentenced to prison. U.S. Attorney Booth Goodwin said the three were sentenced to a total of 25 years in prison for their roles in …
A budget cut in the state office that inspects the safety of mining sites is forcing a reduction in its staff. The Lexington Herald-Leader reported that the staff of 141 full-time positions at the Office of Mine Safety and Licensing …
Months after state officials approved a law to safeguard against chemical spills, West Virginia industry groups want some requirements delayed and some of their storage tanks shielded from added oversight. Though the new 95-page law becomes effective this week, stakeholders …
Swett & Crawford, part of Cooper Gay Swett & Crawford (CGSC), a global wholesale and reinsurance broking group, appointed Todd Morin as vice president and broker for the property practice group. He is based in Swett & Crawford’s Morristown, New …
Private equity firm Thomas H. Lee Partners (THL) has teamed with two former Beecher Carlson executives and will invest up to $200 million to build a national insurance distribution firm. Bret Quigley and Adam Meyerowitz and the Boston-based private equity …
Endurance Specialty Holdings Ltd. increased its offer to buy Aspen Insurance Holdings Ltd. by $2 a share as it seeks to overcome resistance to its earlier bid. Endurance said it would pay $49.50 per share for the Hamilton, Bermuda-based company, …
A.M. Best has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and issuer credit ratings (ICR) of “a” of the property/casualty subsidiaries of AmTrust Financial Services, Inc. (AFSI), based in New York, NY, also known as AmTrust Group. Best …
A.M. Best has upgraded the issuer credit rating (ICR) to “a+” from “a” and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) of State Farm General Insurance Company, and has revised its outlook for the ICR to stable from …
BBC correspondent Fergal Keane, who’s been reporting from the world’s hotspots for 25 years, told delegates in his keynote speech at the recent European Insurance Forum in Dublin that the terrorist mind set, which leads ordinary people to do terrible …
