Sanlam Ltd., the largest South African-based insurer, said prospects for its domestic business will remain muted for the rest of this year and into 2018 as political uncertainty knocks confidence and markets. Political and economic policy uncertainty is “not likely …
Arthur J. Gallagher & Co. announced the acquisition of Nordic Försäkring & Riskhantering AB (Nordic), located in Gothenburg, Sweden. Terms of the transaction were not disclosed. Founded in 1991, Nordic is a retail insurance broker offering a broad range of …
Marsh announced a new global management structure, which includes new appointments to its executive management team and two new divisions. Marsh’s global management structure includes the newly formed Global Risk & Digital (GR&D) division, which brings together Marsh’s solutions and …
Irma barreled toward Florida after battering Puerto Rico and devastating a chain of small Caribbean islands, as the Category 5 hurricane threatens to turn into the most expensive storm in U.S. history. Irma, one of three hurricanes churning toward North …
Britain plans to alter the rate used to calculate upfront personal injury payments, the Ministry of Justice said on Thursday, a move which will reduce those payments and insurance premiums. Motor insurers’ profits were dented and insurance premiums have risen …
Markel International, the London-based specialist insurer and Markel Corp. subsidiary, plans to acquire the business of EC Insurance Co. Ltd. (ECIC). Sevenoaks, England-based ECIC, whose ultimate parent is the Electrical Contractors’ Association, provides a wide range of insurance products for …
Charles Taylor plc has agreed to acquire Metro Risk Management LLC, a Southern California-based third-party claims administrator, from Nautilus International Holding Corp. Terms of the deal were not disclosed. MRM provides state and federal workers’ compensation claims administration services to …
When it comes to commercial drones usage, 61 percent of risk managers are concerned about the potential for invasion of privacy, according to a 2017 survey conducted by Munich Reinsurance America (Munich Re, US). Other concerns include inadequate insurance (15 …
Richard G. Spiro, a former senior executive of The Chubb Corp., has been named chief executive officer of The Hilb Group (THG), a property/casualty and employee benefits agency based in Richmond, Va. Spiro brings 30 years of experience in the …
SWBC Insurance Services, based in San Antonio, has expanded its division to Kerrville, Texas. Agent Nicole Shuler will be based in Kerrville to provide personal and business insurance to members of the community. Shuler has nearly 15 years of experience …
