Stock Prices: Arthur J. Gallagher’s stock price remarkably continues to hold strong as many stocks are experiencing historical declines. Gallagher is up 6.5 percent for the year. M&A Activity: Brokerage activity remains steady with several large transactions announced in the …
Brown & Brown December: Stewart & Tunno Insurance Agency Inc., Portland, Ore. November: Small Business Unit of Conner Strong, Cherry Hill, N.J.; Agency Associates Inc., Zionsville; Health Insurance Exchange, Seattle, Wash. October: Al Phillips Insurance Agency, Nashville, Tenn. August: Advanced …
Insurance Australia Group Limited (IAG) announced that it has agreed to sell its mass market distribution businesses in the UK for a total value of £73.5 million (approximately A$165 million – US$113.74 million). The bulletin explained that the move is …
According to initial estimates from the forthcoming Swiss Re sigma study on catastrophes, more than 238,000 people lost their lives to natural catastrophes and man-made disasters in 2008 – the fourth largest number of deaths since 1970. While the total …
Standard & Poor’s Ratings Services has affirmed its ‘AA-‘ ratings on Insurance Australia Group Ltd.’s (IAG) core operating companies, including Insurance Australia Ltd. and IAG New Zealand Ltd., and its ‘A+’ ratings on IAG. The outlook on the group remains …
Bermuda-based Aspen Insurance Holdings Limited announced that its subsidiary, Aspen Insurance UK Limited, has been authorized by the Australian Prudential Regulation Authority to operate as a branch insurer to underwrite general insurance business in the country. Aspen said its “Australian …
Aon Corp. announced that Jim Finnamore will join the firm in January as regional director of Aon Environmental Services Group, Asia-Pacific. He will be based in Singapore and will coordinate the delivery of the unit’s services to clients in the …
Bermuda-based AXIS Capital Holdings Limited announced that it has agreed to acquire the business and operations of Australian managing general agent Dexta Corporation Pty Ltd. from its shareholders, Ironbridge Capital, Dexta Holdings NV and other minority shareholders. The transaction is …
Milk, toothpaste, cough syrup, pet food, eels, blood thinner, car parts, pork, eggs, honey, chicken, dumplings, cooking oil and rice — if you can fake it or taint it, you can almost guarantee it’s happened in China. A string of …
A.M. Best Co. has revised the outlook to positive from stable for New Zealand-based China Insurance (NZ) Company Limited (CINZ) and has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-“. Best said the “rating …
