Arthur J. Gallagher & Co. has acquired the Chicago-based consulting firm, Gruppo Marcucci LLC (GPM). Terms of the transaction were not disclosed. Founded in 2005, Gruppo Marcucci specializes in human resources (HR) and benefits technology solutions for benefit brokers and …
Global independent claims management firm Crawford & Co. said it has completed the acquisition of a majority interest in WeGoLook, an online and mobile inspection firm that calls itself the “Uber of inspections.” Crawford said it agreed to pay $36.125 …
The founder of Bikram yoga has been ordered to turn over the proceeds from his global fitness business to go toward a $6.8 million judgment his former legal adviser won against him last year in a sexual harassment and wrongful …
Insured damages from Canadian natural catastrophes during 2016 topped C$4.9 billion (US$3.7 billion) – smashing the previous annual record of C$3.2 billion (US$2.4 billion) set in 2013, according to the Insurance Bureau of Canada. “From the wildfires that swept through …
Michael McRaith, who has served as director the Federal Insurance Office since its creation in 2011, is resigning his post as of Jan. 20. as the Trump Administration begins. McRaith announced his plan to leave the agency during a Jan. …
R&Q Insurance (Malta) Ltd. (R&Q) announced it has acquired the entire issued share capital of Clariant Insurance AG from its owners Clariant AG. Clariant Insurance, or CI, was formed in 2005 as the Liechtenstein registered captive insurer for the Swiss …
The New York Insurance Association (NYIA) has announced the election of its 2017 officers and board of directors. The following officers were elected for a one-year term ending Dec. 31, 2017: Chair: Steven Coffey, president and chief executive officer, Broome …
Coca-Cola Co. and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health risks from consuming sugary beverages. The nonprofit Praxis Project accused the defendants of downplaying the risks to boost sales, despite …
The American Insurance Association has named Jeremy Merz vice president of state affairs for Western region. The appointment is effective Jan. 9. Merz was most recently a lobbyist for the California Chamber of Commerce. He was an associate with Downey …
Reinsurance pricing continued trending downward at the Jan. 1, 2017 renewal — across most classes of business and geographies, but the pace of that decline is slowing, according to Guy Carpenter & Co. Although several sectors experienced increased loss activity, …
