AIG American International Group agreed to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash to Nippon Life Insurance Co. The property consists of one acre of land on which The AIG Otemachi Building in …
Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the U.S. House of Representatives with the goal …
Arthur J. Gallagher & Co., Nourse Insurance Brokers Arthur J. Gallagher & Co. acquired Nourse Insurance Brokers Inc. in Walnut Creek, Calif. Terms of the transaction were not disclosed. Founded in 1935, Nourse Insurance Brokers Inc. is a retail insurance …
Federal lawmakers once again are preparing to tackle the issue of how states can more effectively regulate the surplus lines insurance market. It’s been tried before, but legislation was recently reintroduced in the U.S. House of Representatives with the goal …
As the 2009 hurricane season arrives, many homeowners are finding insurance is either more expensive, or harder to get. Homeowners from New York to Florida and in the Gulf Coast region are again seeing premiums rise and coverage change. And …
The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Staffing Firms Market Detail: World Wide Specialty Programs was founded 40 years ago to provide …
A newly formed U.S. municipal bond insurer, ready to open its doors as soon as it gets credit ratings, expects to launch with about 50 employees and double that number as it ramps up, executives told Reuters. Municipal and Infrastructure …
A.M. Best Co. has upgraded the financial strength rating (FSR) to ‘A-‘ (Excellent) from ‘B++’ (Good) and issuer credit rating (ICR) to “a-” from “bbb+” of New York-based Hermitage Insurance Company, and has revised its outlook on the ratings to …
Hub International Ltd.’s Northwest operating unit has acquired the assets of Rettenmier Benefits Group Inc., an Everett, Wash.-based employee benefits consulting and insurance brokerage firm serving businesses and individuals in the Pacific Northwest. Terms of the acquisition were not disclosed. …
A state senator wants Florida’s insurance commissioner to resign, calling him “duplicitous and untrustworty” last week in a letter to Gov. Charlie Crist. Sen. Mike Bennett, R-Bradenton, wrote Insurance Commissioner Kevin McCarty a lengthy letter demanding that he resign because …
