Monthly Archives: <span>January 2018</span>

Deutsche Bank Forms Bancassurance Partnership with Digital Broker Friendsurance

Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To drive this, Deutsche Bank said it will integrate Friendsurance’s digital …

California Mudslides: Residents Commit to Rebuilding

At the end of a heartbreaking week that saw deadly mudslides kill at least 20, residents of Montecito gathered to grieve, pay tribute to victims and commit to rebuilding their cherished community on the Southern California coast. Mourners lit prayer …

G2 Insurance Services Adds Heffernan’s Stringer as Client Manager in California

G2 Insurance Services has named Erinn Stringer a client manager. Stringer is located in G2’s San Francisco office and will serve commercial clients, including hospitality, commercial real estate and nonprofits. She was an account manager at Heffernan Insurance Brokers before …

E&S Exit: State Auto’s Rockhill Sells Environmental Insurance Renewals to CapSpecialty

Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group’s excess and surplus environmental insurance book of business. Rockhill is a member of the State Auto Insurance Group, which has …

GE Still Grappling with Legacy Insurance Business

General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the …

BP Still Paying Gulf Oil Spill Claims as Court Battles Wind Down

BP Plc raised the amount it will pay this year for the Deepwater Horizon accident as thousands of lawsuits related to the biggest oil spill in U.S. history start to wind down. The 2010 explosion at a well in the …

Insurance Center of New England Acquires Massachusetts’ Eastman & Davis

Insurance Center of New England (ICNE), based in Agawam, Mass., has added Eastman & Davis Insurance Agency of West Springfield, Mass., to its company. ICNE is a privately-owned and independent insurance agency with three offices in Agawam, Gardner and Westford, …

Risk Placement Services Announces Opening of Massachusetts Branch Office

Risk Placement Services (RPS) has announced the opening of a branch office in Hopkinton, Mass. RPS is a managing general agent, underwriting manager and nationally focused wholesale insurance broker. Rich Martino is executive vice president and branch manager of the …

CVS Says It Will Keep Aetna in Connecticut’s Capital City

CVS Health Corp. said Friday it has “no plans” to move Aetna from Connecticut’s capital city, reversing last year’s announcement by the insurance giant that it would move its headquarters to another state after nearly two centuries in Hartford, Conn. …

Here Are Some Post-Brexit Scenarios Being Discussed for UK Financial Services

A stand-off between Britain and the European Union over the future of London’s vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. EU trade negotiator Michel Barnier has said there will be …