Classic vehicle insurer, Traverse City, Mich.-based Hagerty, hired Richard Hutchinson as the company’s president, effective Jan. 5, 2015. Hutchinson joins Hagerty from the Progressive Corp., where he has held many leadership positions during his 29-year tenure there. His insurance acumen …
AmTrust Financial Services Inc. announced that it has acquired privately held Oryx Insurance Brokerage Inc. from Oryx’s principals for cash. Further terms of the transaction were not disclosed. Oryx was established in 1996 as a managing general agent (MGA) and …
The Washington Department of Labor & Industries has fined an Everett company $199,000 for 16 safety violations related to the death of a worker last July. Nineteen-year-old Bradley Hogue was killed by a rotating auger while working inside the hopper …
Hub International Limited announced that its subsidiary Hub International Northeast Limited has acquired the assets of MMZ Associates Inc., a Westchester County, New York-based brokerage. Terms of the acquisition were not disclosed. MMZ is a multi-line property/casualty insurance and risk …
A former ING Financial Services trader sued the owners of Madison Square Garden for booting him from the arena last year after he yelled “Carmelo, you stink” during a New York Knicks game, a move he said cost him his …
Marsh, a global leader in insurance broking and risk management, announced it has acquired Trade Insure NV, a distributor of credit insurance policies in Belgium. Terms of the transaction were not disclosed. Founded in 1990 and based in Aalst, Belgium, …
Alliant Insurance Services, a specialty insurance brokerage firm based in Newport Beach, California, has acquired American Benefits Consulting (ABC), an employee benefits consulting firm in New York. Terms of the transaction were not disclosed. Alliant said the acquisition marks the …
Guy Carpenter & Company reports reinsurance pricing fell at the January 1, 2015 renewals in many segments, affecting almost all lines of business and geographies, continuing recent renewal trends. According to Guy Carpenter’s 2015 global renewals report, entitled “Shaping the …
Martin Brauner has joined Aspen U.S. Insurance as senior vice president and product line leader for Excess Auto Liability. Reporting to Roxanne Mitchell, executive vice president and chief casualty officer, Brauner will lead Excess Auto Liability, one of the five …
The federal agency that provides grants to states following a major catastrophe is under fire for providing Florida residents an estimated $177 million in funds that should have been covered by private insurers. A recent report by the Department of …
