Direct-Link Holding Group LLC announced that it has completed a transaction in which M&F Business Credit Inc. will provide an acquisition line of credit to the company for $5 million. “This new line of credit provides us with additional resources …
Dallas-based Hispanic Affiliates General Agency LLC (HAGA) announced it is actively recruiting Hispanic independent agents in Texas. According to the company’s announcement, HAGA provides independent agents marketing assistance and insurance sales leads, and access to A-rated insurance companies with quality …
Kane, a provider of specialist risk and insurance management services, announced that it has signed an agreement to acquire the insurance management operations of HSBC. The bulletin explained that “under the agreement, which has been signed with HSBC Bank Bermuda …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has announced the appointment of Guy Carpenter & Company, LLC as the new Placing Broker for the Facility, beginning immediately in “preparation for the renewal of CCRIF’s reinsurance program on 1 June.” The …
Lloyd’s described the opening of its new office in the Dutch port city of Rotterdam as “embracing its marine roots.” They go back over 300 years and Lloyd’s pointed out that it already has a “strong presence in the Netherlands, …
Rocklin, Calif.-based Intercare Specialty Risk Insurance Services Inc. and PRM Insurance Services Inc. have inked a contractual agreement for the companies to work together under the management of newly formed Phoenix Risk Management Insurance Services. The objective, mutually agreed by …
MDS Holdings, the fast growing Iberian and Latin American insurance broking group, has launched HERCO Portugal as part of its initiative to expand its international risk management practice. HERCO was first established in Brazil over 30 years ago. MDS said …
Australia’s QBE announced that it has completed its acquisition of the U.S. admitted insurance businesses of Renaissance Re, which include a U.S. crop and small specialist program insurance business. QBE said the acquisition supports its “commitment to growing the business …
MMA, Kinloch Marsh & McLennan Agency (MMA), the retail unit of Marsh, has acquired the Boston office of Kinloch Consulting Group Inc., the employee benefits division of Kinloch Holdings Inc. Terms of the transaction were not disclosed. Kinloch Boston — …
Austin, Texas-based Specialty Insurance Managers Inc. announced it has created a new Energy Division and hired Randy Bila as lead underwriter/broker. Bila has headed SIM’s general lines department for 19 years. Commercial general liability minimum premiums are as low as …
