New York-based Marsh & McLennan Agency has acquired Hampton Roads Bonding (HRB), a surety bonding agency for commercial, road, utility, maritime and governmental contractors in Virginia. Terms of the deal were not disclosed. HRB will operate within Rutherfoord, a Marsh …
New York-based insurer Utica National named three new senior vice presidents, and a corporate officer. Robert F. Manfredo, Kristen H. Martin and Bernard J. Turi were all named senior vice presidents of the company, while Michael J. Buttimer has been …
Rhode Island-based Gencorp Insurance Group appointed K. Douglas Shaker as marine account manager and Kyle Audette as marine account assistant. Shaker has been with Travelers in Hartford for the past 10 years as a business analyst on the company’s yacht …
Delaware added 48 new captive insurers last year, doubling the state’s total to 96 captives, according to state regulators. Steve Kinion, director of the state’s Captive Bureau, said the growth stemmed from a number of re-domestications from off-shore nations to …
The Property Casualty Insurers Association of America (PCI) says it wants New Jersey lawmakers to adopt legislations that would enhance fraud-fighting efforts. The insurers’ trade group, which testified today in support of the bill, says the pending legislation would broaden …
New Jersey-based broker The McIntyre Group has named Mark D. Purfield as a marketing executive responsible for business development. Previously, Purfield was vice president of Wells Fargo Insurance Services in Westmont, N.J., a position he held since 2007. At Wells …
New York-based Glens Falls National Bank and Trust has acquired Upstate Agency Inc., a property and casualty insurance agency with eight offices in Upstate New York. Terms of the transaction were not disclosed. Upstate Agency, which is headquartered in Chestertown, …
A human resources manager at a Toshiba America Inc. subsidiary sued the company for $100 million, accusing the electronics giant of discriminating against women. Elaine Cyphers of Mecklenburg County, N.C., brought the lawsuit in U.S. District Court in Manhattan against …
A New York state appeals court Tuesday dismissed a lawsuit in which bond insurer MBIA Inc. accused Merrill Lynch & Co. of fraudulently misleading it into providing insurance on $5.7 billion of risky debt. The ruling is a setback for …
GreenWood International Insurance Services, Inc (GWI) is has chosen Cook & Co. of Marshfield, Mass. to provide claim and distribution support for police and fire injured on duty policies within the Massachusetts and Rhode Island Municipal markets. The selection of …
