Fitch Ratings Has affirmed today the following International and National ratings assigned to Sul America S.A. (Sasa), the holding company of Sul America Seguros (SAS): –Foreign and Local Currency Long-Term Issuer Default Ratings (IDRs) at ‘BB+’; –Foreign and Local Currency …
Wood Gutmann & Bogart Insurance Brokers announced it has completed the acquisition of the assets from Barlocker Insurance Services of Carlsbad, Calif. Barlocker Insurance Services was formally affiliated with the Leavitt Group. Terms of the acquisition were not disclosed. The …
Insurance broker Brown & Brown of Florida Inc. has agreed to buy to buy substantially all of the assets of Comcover Insurance Group Inc., based in Dania, Fla. With annualized revenues of approximately $1.6 million, Comcover specializes in property/casualty insurance …
Connecticut-based People’s United Bank said it will combine all of its insurance agencies into a single business entity — People’s United Insurance Agency — that will be headed by one management team. The combination of R.C. Knox, Beardsley Brown and …
The Minnesota Department of Commerce said it stands to receive more than $2 million in its share of a $146 million settlement with American International Group over misreporting of workers’ compensation insurance premiums. AIG and its workers compensation insurance affiliates …
The Independent Insurance Agents of Austin and the Texas Surplus Lines Association Inc. joined efforts recently to collect food and money for the Capital Area Food Bank located in Austin, Texas. A total of $300 was collected in cash from …
In giving her Christmas gifts for 12 straight days, a true love inspires his girlfriend to build a whole new life. It’s a joyful story for the holidays but one that comes with risks. According to the popular Christmas carol, …
New York-based USI Holdings has closed on its acquisition of Mastors & Servant Risk Services, a Rhode Island-based brokerage that specializes in commercial property/casualty, bonds and employee benefits insurance for middle-market businesses. Terms of the transaction were not disclosed. Mastors …
In 2009, independent insurance agents and brokers faced a “perfect storm” with the economic downturn, premiums at a fraction of what they used to be, and unemployment and home foreclosure rates up, said Kevin Baker of San Jose, Calif.-based Suhr …
Peoria, Ill.-based RLI Corp. announcedthat it will acquire Contractors Bonding Insurance Co. (CBIC) through an acquisition of its holding company, Data and Staff Service Co. (DSS) for approximately $137 million in cash. The acquisition is subject to regulatory approval and …
