Monthly Archives: <span>March 2021</span>

Specialist MGA CFC Acquires Australian Cyber Security Firm, Insane Technologies

CFC, a specialist managing general agent, announced it has acquired Insane Technologies, an Australian cyber security and incident response provider. Financial details of the transaction were not disclosed. The deal is subject to approval by the Australian Foreign Investment Board. …

Xenia Broking to Acquire Status Credit Insurance Brokers in UK

Xenia Broking Group, the credit insurance and surety specialist, announced it has entered into an agreement to acquire Status Credit Insurance Brokers Ltd., a specialist trade credit broker, headquartered in East Grinstead, England. The transaction will complete in April 2021, …

Florida Insurers Sustain ‘A’ Ratings, For Now, As 2020 Industry Losses Top $1.5B

Ratings agency Demotech has affirmed the ‘A’ ratings of the Florida homeowners carriers it rates, which account for approximately 66% of the state’s market, after review of 2020 year-end and projected Q1 2021 results. However, Demotech warned of tough times …

Update – Italy’s Generali Eyes €2 Billion Acquisition in Russia: Source

MILAN – Italy’s top insurer Generali is considering an acquisition in Russia worth about 2 billion euros ($2.4 billion), although the project is still at a very early stage, a source close to the situation said on Wednesday, confirming a …

Uber Reclassifies 70,000 UK Drivers as Workers – Providing Minimum Wage, Benefits

Uber Technologies Inc. will reclassify all 70,000 of its UK drivers as workers, entitling them to the minimum wage, vacation pay and other benefits after a landmark ruling from the Supreme Court last month. The ride-hailing app’s drivers will receive …

Keystone Agency Investors Partners with Texas’ Garrett Insurance Agency

Pennsylvania’s Keystone Agency Investors (KAI) has partnered with Kerrville, Texas-based Garrett Insurance Agency to facilitate KAI’s entry into that state. Founded in 1918, Garrett Insurance Agency is an independent insurance agency offering a comprehensive suite of personal, commercial, group health …

Lockton Names Tran Senior Vice President in Washington

Lockton Cos. has named Peter Tran a senior vice president in its Washington practice. Tran was most recently a vice president and real estate practice group lead with Seattle brokerage Parker, Smith & Feek. He has 20 years of experience …

People Moves: Institutes’ Horowitz; Rizzuto from Travelers to IAT; BHSI Adds AIG’s Freid; Ryan Re Leaders

Horowitz Promoted at The Institutes Katherine Horowitz has been promoted to executive vice president and head of Business Units at The Institutes. Horowitz will oversee the growth and strategic direction of multiple business units as well as continue to lead …

Female Firefighters Turn to Courts to Fight Gender Discrimination

WINSTON-SALEM, N.C. (AP) — The highest ranking female firefighter in Asheville, North Carolina, says she was repeatedly discriminated against because of her sex and fought to keep her job while battling breast cancer. The first female chief of a municipal …

Pedestrian Deaths Continue to Rise in Texas

Transportation officials warn that pedestrian deaths are continuing to increase in Texas, and now account for 1 in 5 of all traffic fatalities. Traffic crashes took the lives of 3,150 pedestrians in Texas from 2015 to 2019, according to the …