Monthly Archives: <span>April 2019</span>

The Hilb Group Acquires Connecticut’s eBenefits Group Northeast

The Hilb Group LLC (THG) has acquired Unionville, Conn.-based eBenefits Group Northeast LLC. The transaction became effective April 1, 2019. eBenefits is a full-service employee benefits firm providing services to businesses, non-profits and municipalities throughout the Northeast. Following the acquisition, …

Chubb Expands Insurance Coverage in Canada for Private Equity Firms

Chubb is providing expanded insurance coverage, called “Private Equity+”, to address “the unique risks of Canadian private equity firms.” These extended offerings help transfer and mitigate many of the private equity firms’ most significant liabilities by combining in one policy …

Cook Maran Hires Erickson as Client Advisor in New Jersey

Cook Maran, a Prime Risk Partner, recently hired Brian Erickson as a client advisor for commercial property and casualty risks, specializing in energy, auto dealer and other large complex accounts. Erickson will be based out of Cook Maran’s Mt. Laurel, …

India’s Shriram Capital Plans to Merge Its Units to Boost Insurance, Lending Businesses

R. Thyagarajan, founder of Shriram Capital Group, said the Indian company is getting close to merging its listed units, a move the firm hopes will help the non-bank financier boost its lending and insurance businesses. Shriram Capital, which counts billionaire …

Global Floods Cause $8B in Economic Losses During March: Aon Catastrophe Report

Damage from flooding in March 2019 is estimated at US$8 billion from events across the globe, according to Aon’s “Global Catastrophe Recap – March 2019.” “The major catastrophe events of March highlighted the continued vulnerabilities which exist in both developed …

Digital Commercial Lines Broker Embroker Raises $28 Million

Digital insurance broker Embroker announced its $28 million Series B funding round. Embroker said it will use the funding to scale adoption of its insurance management platform, data-driven service offering, and proprietary insurance policies. The round was led by Tola …

Combined Agents of America Expands into Colorado, Adds 7 New Agencies

Austin, Texas-based Combined Agents of America (CAA) has expanded into Colorado, with the addition of Renaissance Insurance Group in Windsor, Colorado. CAA is an agency partnership organization whose members now include independent insurance agencies located in Texas, Oklahoma, Kansas, Nebraska, …

Yahoo Data Breach Settlement Revised to $117.5 Million

Yahoo has struck a revised $117.5 million settlement with millions of people whose email addresses and other personal information were stolen in the largest data breach in history. The proposed class-action settlement made public on Tuesday was designed to address …

Reuters: J&J Refocused Baby Powder Marketing on Minority, Overweight Women

Pressure was mounting on Johnson & Johnson and its signature Baby Powder. In 2006, an arm of the World Health Organization began classifying cosmetic talc such as Baby Powder as “possibly carcinogenic” when women used it as a genital antiperspirant …

5 Steps to Improving Producer Hiring Results

As an agency owner, the success of your business is directly tied to your hiring process. Each bad hire can easily cost $100,000 to $200,000. However, good producers can add $1 million of annual revenue (which nets most owners around …