Corporate risk managers report a serious and growing disconnect between themselves and their insurance brokers and carriers. At a time when U.S. companies are enhancing internal risk management capabilities and elevating risk management to a strategic priority, many brokers and …
Stephen M. Franz was named senior vice president of Dallas-based managing general agency and wholesale broker Capstone Underwriters LLC. Franz has been with Capstone since 2004. Prior to Capstone, he held positions at all levels of the property/casualty insurance industry …
One Texas Agency Has Figured Out How to Make It Work Is advertising on radio and television a cost-effective way to help expand an independent insurance agent’s book of business? It may not be for everybody, but Criss Sudduth says …
$60 Million Reported price to be paid by Deutsche Bank for AIG’s building at 72 Wall St. to a consortium of owners, including a South Korean investment banking firm that purchased the building last year. The building comprises one of …
Concerns About Claims “I have a concern that BP is stalling claims. Yes, BP is stalling. I doubt they are stalling for money. It’s not that. I just don’t think they know the answers to the questions (by claimants).” —Kenneth …
Aon reported net income of $153 million in the second quarter 2010, compared to $149 million for the prior year quarter. Net income from continuing operations increased 22 percent to $179 million, compared to $147 million for the prior year …
Rick Bondurant has joined Frost Insurance Agency in Austin, Texas, as statewide Commercial Lines Practice leader. In this role, Bondurant is responsible for leading the planning, organizing and operating activities of the Commercial Lines Practice for the agency’s six branch …
Chicago-based global insurance brokerage firm Arthur J. Gallagher & Co. has acquired the remaining 60 percent equity interest in Specialised Broking Associates Pty. Ltd, (SBA) headquartered in Perth, Western Australia. Terms of the transaction were not disclosed. In October 2008, …
ClearCount Medical Solutions and CNA HealthPro are working together to expand their insurance policy to provide both the dollar amount and types of expenses covered under ClearCount’s Never Event Warranty program. ClearCount offers hospitals coverage for a wide variety of …
TPG Capital has completed the acquisition of Vertafore, a provider of software and services to the insurance industry. The deal was first announced on June 10, 2010. TPG purchased the company from Hellman & Friedman and its co-investor JMI Equity …
