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, …
SeaBright Holdings Inc. announced that its subsidiary, SeaBright Insurance Co., has filed a 15.3 percent rate increase with the California Department of Insurance. The Company plans to apply the increase to California exposures on all SeaBright insurance policies with inception …
Connecticut-based managing general underwriter Target Insurance Services has named Mark Diette as senior vice president in charge of business development. Diette, who will also lead one of Target’s soon to be released professional liability programs, is a 30-year industry veteran. …
A former Pennsylvania insurance agent has been sentenced to three years in prison for his role in scheme to steal hundreds of thousands of dollars in premiums, according to the New Jersey attorney general’s office. Thomas Hurd, 53, of Bensalem, …
Louisville, Ky.-based insurance broker Neace Lukens has opened a new office in Dayton, Ohio. The new office consists of two full-time employees. Michael Ward joins as vice president of its construction insurance services group, and Deb Markland serves as a …
Dennis Smith of Columbia, Mo., has been honored as the Missouri Association of Insurance Agents’ Insurance Person of the Year. The award was given at MAIA’s annual Leadership Conference on July 22. Smith received the award in acknowledgement of his …
Louisville, Ky.-based insurance and benefits broker Arison Insurance Services, Inc. has acquired London, Ky. based insurance broker, Benefits Solutions, LLC. The acquisition creates Arison’s seventh regional office in Kentucky. Terms were not disclosed. David Combs, former chief executive officer of …
Boston-based medial professional liability insurer ProMutual Group will begin selling coverage in Virginia through its member company, ProSelect Insurance Co. Tom Murphy has been hired to manage the distribution network, community relations and new business development. He will also be …
Major losses sustained in the Gulf of Mexico will not have the same market-changing impact on the upstream energy insurance market as other major events such as Hurricane Katrina, according to a new report published by insurance brokerage giant Marsh. …
Bermuda,-based RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $210.2 million or $3.66 per diluted common share in the second quarter of 2010, compared to net income available to common shareholders of $271.2 million or $4.32 per …
