News

Integro Acquires UK-Based Broker Doodson

International insurance brokerage and risk management firm Integro announced it has acquired Doodson Broking Group, a UK-based entertainment and sports specialist that also provides full service commercial and private client broking services. Doodson was established in 1964 in Manchester. It …

Global Climate Spending Falling Further Behind Target: Report

Global spending to combat climate change fell last year and remains far below the level needed to prevent its most dangerous effects, a report by the Climate Policy Initiative said on Tuesday. Investment in renewable energy, energy efficiency and adaptation …

Thai Floods Force Closure of 17 Factories in Industrial Zone

Seventeen factories were temporarily shut on Monday in a major Thai industrial zone dominated by foreign companies, after flood waters blocked nearby roads, a senior official said. But the official did not identify the stricken plants at the Amata Nakorn …

Europe a Reinsurance Buyer’s Market Says Willis Re; Rates Down 5-10%

In a report from Baden-Baden, Willis Re, the reinsurance arm of Willis Group Holdings plc, notes that “increased capacity, competition and changing market dynamics have created a buyer’s market for European cedants. These market conditions, coupled with changing reinsurance buying …

Florida Condo Developer Sues Residents Over Website

The developer of a mold- and water-plagued condominium complex in Manatee County alleges in a lawsuit that a handful of former and current residents conspired to hack emails and to create a website slamming the company in an effort to …

Supreme Court Declines Privacy Claim Against Resale of Driving Records

The U.S. Supreme Court on Monday declined to consider whether a unit of Thomson Reuters Corp. can obtain and sell information on drivers provided by state agencies without violating a federal privacy law. The decision not to hear the matter …

GEICO Success Highlights Advertising Dollars vs. Agent Commissions Debate

Direct writer GEICO’s success in auto insurance sales is due to spending dollars on effective advertising rather than on agents, according to recent research from analysts at Nomura Equity Research, which notes that GEICO has overtaken Allstate to become the …

W.R. Berkley Q3 Profit Rises 36% to $137M; Rates on Renewed Policies Up 6.4%

W.R. Berkley Corp. reported $136.97 million net income for its 2013 third quarter, up 36 percent from $100.95 million income posted during the same period in 2012. For the first nine months of this year, net income came in at …

Aon Benfield: U.S. Homeowners Insurance Offers Growth Opportunities

A new report from Aon Benfield, a reinsurance intermediary and capital advisor of Aon plc, says U.S. homeowners insurance is showing significant growth opportunities. The report, titled “Homeowners ROE Outlook: 2013 Update,” reviews the industry aggregate state level statutory financial …

USI Insurance Appoints Senior Vice President in New York Metro Office

USI Insurance Services has appointed Brian Golick as senior vice president. He is based in USI’s New York metropolitan office. Golick brings 25 years experience in employee benefits, sales, insurance account management and underwriting. Formerly a senior vice president at …

News Archives by Month