U.S. insurers are targeting the wealthy as one of the few client groups willing to pay higher rates and buy more policies, and competition to serve those people is increasing. From life insurers to property and casualty underwriters, the story …
Thomas E. Smith has joined Sullivan Brokers Wholesale Insurance Services as president. Most recently, Smith was Great American Insurance Company Division President of Great American Custom Insurance Services. Sullivan Brokers, part of the Los Angeles-based Sullivan Group, is a national …
The former superintendent of New Jersey’s fourth-largest school district has pleaded not guilty to corruption charges. Michael Ritacco entered his plea Wednesday during a brief hearing in U.S. District Court in Trenton. He retired last month after he was arrested …
BrokersLink, a major independent insurance broker alliance whose members manage premium volumes in excess of $10 billion, has appointed Juan Ignacio Casanueva, Chairman of the Casanueva Perez Group in Mexico, to its board of directors. The bulletin said he would …
Even if the fiery blowout of a Rolls-Royce engine proves no fault of the builder, recent setbacks in aerospace could force investors to rethink bets on the next generation of far more challenging planes. “This incident serves as a wake-up …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating (FSR) of ‘B+’ (Good) and the issuer credit ration of “bbb-” of Guernsey-based Connaught Insurance Company Limited, the captive insurance company of Thomas Greg & Sons Limited …
The current insurance program market is mature and stable, with business estimated at $20 billion, but profitability may be declining, according to a new survey of program administrators and managing general agents. Program experts say their biggest challenge is developing …
For banks under regulatory oversight, Business Risk Partners (BRP) is now offering professional and management liability protections for distressed community banks, including hard-to-find Regulatory Defense Cover for directors and officers as a result of regulatory proceedings and investigations. While the …
Lawsuits against banks over their mortgage lending and foreclosure practices continue to pile up, with JPMorgan, PNC Financial Services and Ally Financial disclosing suits on Tuesday. JPMorgan Chase & Co. faces two possible class action lawsuits related to foreclosures, the …
Tillson Recruiters, a new firm specializing in recruiting for insurance agencies, brokers and companies, has opened in Massachusetts. Husband and wife team Scot and Keri Tillson both serve was managing partners at the firm. Scot Tillson previously spent eight years …
