Agents & Brokers News

New York Excess Lines Brokers Advised to Renew Licenses Soon

New York excess line brokers must soon renew their business entity licenses if they want to avoid possible licensing delays later this year, the Excess Line Association of New York (ELANY) said. All business entity licenses for excess line brokers …

City of Hope Aims to Strike Out Cancer with Chicago Event

City of Hope’s Midwest Committee of the National Insurance Industry Council (NIIC) is hosting Aim to Strike Out Cancer, an evening of networking for insurance industry leaders along with fun, non-competitive bowling on Sept. 30. The event will be held …

S&P Rates Aon’s Debt Issue ‘BBB+’

Standard & Poor’s Ratings Services has assigned its ‘BBB+’ senior debt rating to Aon Corp.’s three tranches of recently priced senior debt issues. S&P said it expects that Aon will use the net proceeds from the issues in lieu of …

Solutions Insurance Joins SIAA Inc.

Solutions Insurance Group LLC of Colorado Springs, Colo., has joined ICA Agency Alliance Inc. based in Colorado Springs. Since it’s inception in 1995, SIAA has signed 3,450 new members in the continental United States.

BMS Names Beardmore New CEO

BMS, the London-based specialist insurance group, announced the appointment of Carl Beardmore as CEO of BMS Associates Ltd, the group holding company, subject to the approval of the UK’s Financial Services Authority (FSA). The bulletin noted that he has “been …

AmWINS/Colemont Acquires So. Korea’s CMK Insurance Brokers

Colemont Global Group, the international division of wholesale insurance broker AmWINS Group, Inc., has acquired a majority share of CMK Insurance Brokers Company Limited. CMK Insurance Brokers will operate under the trade name Colemont Korea Insurance Brokers Limited, according to …

Ex-AIG CEO Sullivan Joins Willis Group

Former AIG Chief Executive Officer Martin Sullivan, who was ousted three months before the U.S. government bailed the insurer out, is joining Willis Group Holdings PLC, the insurance broker said on Wednesday. Sullivan will head a new unit that will …

Hub Acquires Ontario Insurance Broker Sinclair Cockburn

Chicago-based insurance broker Hub International Limited has acquired the shares of Sinclair Cockburn Financial Group (SCFG), a Toronto, Ontario-based insurance and financial services firm with approximately $11 million in annual revenues. Hub acquired the property/casualty, personal insurance and group/life insurance …

U.S. RE Analytics Names Kutsina as Managing Director

Anya Kutsina has been named managing director of U.S. RE Analytics LLC, a subsidiary of U.S. RE Companies Inc., an international financial services and reinsurance brokerage group. Kutsina has served as head of sales and marketing at Ultimate Risk Solutions, …

RLJ Companies Acquires Equity Stake in AV International

The RLJ Companies (RLJ) has entered into an equity arrangement with AV International LLC (AVI), a minority business insurance firm providing services for state government, municipal and corporate clients. The initial focus is on expanding AVI’s reach and capabilities in …