National insurance broker Brown & Brown has acquired the assets of Mavum Consulting, LLC and Mavum Risk Management, LLC of Indianapolis. With annualized revenues of approximately $1.3 million, Mavum Consulting and Mavum Risk Management provide insurance products and services to …
The National Conference of Insurance Legislators (NCOIL) has adopted a revised version of the Surplus Lines Multi-State Insurance Compact (SLIMPACT) as well as a resolution urging the states to amend their insurance laws to have them conform to the recently …
The UK’s insurance industry has spawned numerous professional and trade associations over the years, but, oddly enough, one of the most important sectors, the managing general agents, or MGA’s, who underwrite on behalf of Lloyd’s syndicates and other insurers, have …
The California Department of Insurance is delaying for six months the implementation of a new licensing requirement for fire and casualty licensees that want to sell health insurance. AB 2782 would have required existing fire-and-casualty licensees to obtain a separate …
Sierra Specialty of Clovis, Calif., has added Jean Silberstein as a broker to expand the company’s presence in Hawaii. Silberstein moved to Hawaii in 1978 and worked in the insurance wholesale business before spending 14 years with a retail agency …
Americans’ spending hits a fever pitch during the holidays and two days in particular – “Black Friday” and “Cyber Monday” – leave retailers and consumers vulnerable to different exposures. The day after Thanksgiving — also known as Black Friday — …
New York-based insurance broker USI Holdings has acquired the New Jersey operation of Kinloch Holdings Inc. The unit, based in West Orange, New Jersey, specializes in commercial property casualty and employee benefits insurance for middle-market businesses and is expected to …
Chicago-based Hub International Ltd., an insurance brokerage firm, announced that it has signed a definitive agreement to acquire the assets of Byars Thompson Buchanan Insurance & Financial Services LLC, a Santa Maria, Calif.-based insurance brokerage firm. Terms of the acquisition …
Insurance broker Brown & Brown has named Paul J. Zimmerman as director of acquisitions. Zimmerman is a 40-year industry veteran who most recently worked with Travelers, joins Brown & Brown’s acquisitions team immediately. He will work to identify acquisition opportunities …
November 22 2010 – The National Association of Professional Surplus Lines Organizations (NAPSLO), the American Association of Managing General Agents (AAMGA), and The Council of Insurance Agents & Brokers (The Council), released a joint letter on November 16, urging state …
