Allianz announced it has entered into an agreement with Janashakthi Insurance PLC (JINS) to acquire 100 of its subsidiary Janashakthi General Insurance Ltd. (JGIL) for LKR 16.4 billion (€85.9 million, or approximately US$106.3 million). The transaction is subject to regulatory …
Run-off specialist Armour Group Ltd. has led a group of investors to acquire Gibraltar-based Elite Insurance Co. Ltd. (EIC) and its affiliate Elite Business Development Ltd. (EBD). The financial details of the transaction were not disclosed. Collectively, EIC & EBD …
A construction company owner in Jacksonville, Fla., has been arrested following a workers’ compensation fraud investigation, according to a report from Florida Chief Financial Officer Jimmy Patronis. Jeovane Felizardo, owner of JJF Construction Services, LLC, is accused of using various …
As cyber attacks increasingly threaten business and grow in volume and scale, companies will be forced to take new measures to address cybersecurity risk holistically, integrating it more aggressively into their enterprise risk management, according to insurance broker Aon’s cyber …
Assessing and managing risk for an event like the Super Bowl is more than a matter of just looking around the venue for possible slip and fall hazards and hiring a few security guards to ensure no one enters the …
Willis Towers Watson has appointed Fred Zutel as Corporate Risk and Broking (CRB) market leader for Florida, where he will focus on delivering the company’s property & casualty insurance broking services to clients across the state. Zutel will be responsible …
A silo used to store pecan hulls exploded Wednesday in rural south Georgia, shattering windows in businesses blocks away. Workers reported buildings shook just before 1 p.m. when the silo exploded outside the offices of South Georgia Pecan in Valdosta, …
Following up on a sold-out inaugural conference last year, the industry’s second annual Super Regional P/C Insurer Conference has been scheduled for July 22-24, 2018 at the Grand Geneva Resort & Spa in Lake Geneva, Wisconsin. The conference is being …
Concrete barriers and chain-link fencing are going up around the site of the Super Bowl in downtown Minneapolis, where a contingent of local, state and national agencies is working to ensure that the game and dozens of related events are …
Global strategic advisory and expert consulting firm Berkeley Research Group has added D. Christopher Heckman to the firm’s Complex Insurance Claims practice in Dallas. Heckman, who joins as a managing director in BRG’s Dallas office, previously was general counsel of …
