June 8, 2017
Waterloo, Ontario-based Economical Insurance is moving to a simpler legal entity structure as it continues its journey to become a public company. Currently, Assurance Economical in Quebec is underwritten by The Missisquoi Insurance Co.; Economical Select group car and home …
June 8, 2017
W. R. Berkley Corp. has announced the formation of two independent operating units, Berkley Entertainment & Sports and Berkley Environmental. These units, which previously comprised Berkley Specialty Underwriting Managers, will now operate as independent businesses. “Establishing them as independent operating …
June 8, 2017
Insurance broker and consultant JLT Specialty USA has appointed Mark Purdy as senior vice president. Purdy will be based in Houston, where his primary focus will be to help JLT’s clients improve their overall claims platform and develop post loss …
June 8, 2017
The U.S. Labor Department on Wednesday said it was rescinding the Obama administration’s standard for determining when companies are “joint employers” of contract and franchise workers, in the agency’s first major shift in labor policy under President Donald Trump. The …
June 8, 2017
The U.S. Justice Department filed a friend-of-the-court brief on Tuesday in a lawsuit brought against Wells Fargo & Co. by two former employees, who were fired after they reported misdemeanors they had noticed to their supervisors. The DOJ’s filing concluded …
June 8, 2017
Allianz SE is exploring a plan to take Euler Hermes Group private, buying the shares it doesn’t already own in the French trade-credit insurer, according to people familiar with the matter. Euler Hermes stock gained the most in more than …
June 8, 2017
South Africa’s property and casualty insurers face an even tougher year than expected after Cape Town experienced its worst storm in 30 years and dozens of fires engulfed the region around the town of Knysna this week. The insurers, including …
June 8, 2017
Ironshore International has appointed William Lewis as managing director of Ironshore Australia Pty Ltd. (IAPL) to be based in the Sydney office. Lewis, a private equity attorney, is a specialist in private equity transactions, tax structuring and insurance, advising private …
June 8, 2017
Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines and Global Insurance handles complex, risk managed accounts. …
June 8, 2017
Hub International Limited (Hub), a global insurance brokerage, has acquired the assets of Brady Insurance Planning (Brady). Terms of the acquisition were not disclosed. Based in East Norwich, N.Y., Brady is an employee benefits advisor. Matthew Brady, the principal, will …