NI Holdings Inc. has completed its previously announced acquisition of Westminster American Insurance Company from private shareholders on January 1, 2020. The acquisition of Westminster further diversifies NI Holdings’ portfolio of products geographically and by line as additional commercial multi-peril …
Edgewood Partners Insurance Center, which operates as EPIC Insurance Brokers and Consultants (EPIC), has announced that Frenkel & Company, a New York, N.Y.-headquartered, full-service independent insurance broker acquired by EPIC in 2017, has completed its adoption of the EPIC Insurance …
Two women were killed Friday morning when a New Jersey Transit train collided with their car at a railroad crossing in central New Jersey. The accident occurred around 8:10 a.m. at the Cedar Avenue crossing in Middlesex, a NJ Transit …
The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents’ loss record and client relationships, according to two reports published by brokers Guy Carpenter and Willis Re. Indeed, the market demonstrated …
Specialty insurer Chaucer announced the appointment of Chance Gilliland as head of U.S. Property Insurance, Mel Smart as head of International Property Facultative and Michael Johnston as deputy class underwriter, International Property Binders. As Head of U.S. Property Insurance, Gilliland …
Capsicum Re, the specialist reinsurance broker, launched a aviation reinsurance team led by David Bell. Bell is based in London and reports to Matt FitzGerald, managing partner of the London Property and Specialty division. Bell brings 36 years of aviation …
Guy Carpenter & Co., the global reinsurance broker and subsidiary of Marsh & McLennan Cos., announced the appointment of Jeff Saper as CEO of the Pacific region, with immediate effect. In his new role, Saper will be responsible for overseeing …
Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced it has purchased a minority stake in Malaysian broker SP&G Insurance Brokers Sdn Bhd. Terms of the transaction were not disclosed. SP&G is a multi-discipline commercial insurance broker specializing …
Exhausted firefighters welcomed cooler weather and patchy rain in blaze-ravaged southeastern Australia Monday after a calamitous few days, even as authorities warn of a return to dangerous conditions later this week. With no end in sight to the months-long crisis, …
HP Inc. was awarded $439 million in damages against Quanta Storage Inc. and its U.S. subsidiary after a federal judge tripled a jury’s 2019 award for damages caused by a widespread scheme to inflate the price of optical disk drives. …
