June 8, 2021
Investment firm PEAK6 announced that its insurance operations subsidiary, PEAK6 InsurTech, will acquire Team Focus Insurance Group, a Sunrise, Fla.-based property/casualty insurance firm that includes MacNeill Group, a managing general agency. Team Focus is parent to eight firms in all, …
June 8, 2021
Wholesale insurance broker and managing general agent, Scottish American, has acquired Fastcomp of Boston Heights, Ohio. Terms of the transaction were not disclosed. Fastcomp was created in 1998 by an experienced team of insurance underwriting professionals to provide independent agents …
June 8, 2021
The total cost faced by the global insurance industry to implement IFRS 17 is estimated to be in the range of US$15 billion-$20 billion, according to a new global survey by Willis Towers Watson. While the estimated costs will vary …
June 8, 2021
The Washington state Department of Corrections has agreed to pay $3.25 million to the family of a man who died at Monroe Correctional Complex after not receiving adequate medical care. A lawsuit filed by Julia Kleutsch said her husband, John …
June 8, 2021
Falcon Risk Holdings is the name of a new managing general agency formed by Griffin Highline Capital, HDI Global Specialty SE and Craig Landi, former Argo Pro president who will lead the new entity. Summit, New Jersey-based Falcon will be …
June 8, 2021
Authorities suspect an arsonist set a wooden roller coaster on fire in an overnight blaze at a northern Idaho theme park. The Kootenai Sheriff’s Office responded to the Silverwood Theme Park near the town of Athol at about 1:30 am …
June 8, 2021
Hub International Ltd. has acquired the assets of EnterMedicare Inc. in Los Angeles, Calif. Terms of the deal were not disclosed. Dennis Negron, Founder and CEO of EnterMedicare, and the EnterMedicare team will join HUB’s national employee benefits practice. Chicago, …
June 8, 2021
KIAWAH ISLAND, S.C. — Developers planning to build homes on a sand spit south of Charleston, South Carolina are facing another setback after the state Supreme Court overturned their permits to construct a steel seawall. The court ruled Wednesday that …
June 8, 2021
Computer scientist Lynne Parker made breakthroughs in getting robots to work together so they could perform difficult missions, like cleaning up after a nuclear disaster, waxing floors or pulling barnacles off a ship. Her job now is getting the U.S. …
June 8, 2021
Ascot Appoints Lillegard as Group Chief Actuary Ascot has appointed Matthew Lillegard as group chief actuary. He will be responsible for leading the overall Ascot Group actuarial functions and will work in close collaboration with colleagues across Ascot’s underwriting, risk, …