Birmingham, Ala,-based CRC Insurance Services Inc., the wholesale insurance subsidiary of BB&T, has signed an agreement with TB&C Wholesale Insurance Services to combine two of the California offices of both companies. The combined offices will operate as CRC Insurance Services …
The heads of all the national terrorism insurance programs of the OECD (Organization for Economic Co-Operation and Development) member countries met earlier this month at the OECD headquarters in Paris in an attempt to assure that terrorism risks will continue …
London-based independent wholesale, reinsurance and specialist broker Cooper Gay and Atlanta-based U.S. wholesale broker Swett & Crawford confirmed in joint bulletins that they are in advanced deal discussions. Plans call for the combining the two companies into “a new group …
The restructuring of the property/casualty insurance wholesale and specialty brokerage market continues as Preferred Concepts, LLC, a national program administrator, announced it has acquired of Mercator Risk Services, a wholesale broker. Mercator Risk Services is now a wholly owned subsidiary …
A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit ratings (ICR) of “aa-” of RLI Group and its members. Best also affirmed the ICR of “a-” and debt rating of “a-” on $100 …
CNA Select Risk – which includes Excess & Surplus (E&S) business, as well as Wholesale Property accounts – announces new growth in its Casualty unit with the opening of new locations in New York City and, soon, Los Angeles. The …
“Traditionally, insurance coverage for supply chain disruption has required physical damage to the insured’s assets to trigger a claim,” Marsh points out. However, recent events have increased interest from a number of organizations in protecting themselves from “non-physical damages.” The …
Crump Insurance Services, Inc. has invested in new talent for its Atlanta brokerage location. Terry Sherwin has joined Crump as the Atlanta office leader; and property brokers Alex Duran, Jordan Yoss and Carl Feldhaus have joined the Atlanta property team. …
American E&S Insurance Brokers has appointed Bob Grimaldi as the newest broker in its Atlanta branch. Reporting to Branch Manager Jud Hobby, Grimaldi will focus on property coverages with a specialty in layered coastal placements. Grimaldi comes to AES most …
CRC Insurance Services Inc. (CRC) – the largest wholesale insurance broker in the United States – released a memo to its customers stating that a number of CRC employees in Illinois, California and Pennsylvania resigned on May 4. CRC’s CEO …
