Munich Re has acquired the Bell & Clements Group, an insurance and reinsurance broker, which operates in the UK from its London offices and in the U.S. from its headquarters in Reston, VA. The press announcement said: “Both parties have …
The London-based Cooper Gay Group announced that SC Insurance and Risk Services, SGPS, SA, a subsidiary of the Portuguese corporation Sonae SGPS, S.A., has agreed to terms for the acquisition of approximately 14 percent of Cooper Gay (Holdings) Limited with …
Bermuda-based Flagstone Reinsurance Holdings Limited announced that John Hyland has joined their Swiss Operation, Flagstone Reassurance Suisse SA, as the Chief Underwriting Officer for Specialty classes. Hyland is moving to Flagstone after “a long career in the London Market, initially …
Swiss Re reported first quarter net earnings of CHF 1.3 billion ($1.093 billion), an increase of 54 percent over the prior year’s first quarter, “based,” the Company said, “on continuing good performance across all business segments.” Earnings per share rose …
Billionaire Warren Buffett’s holding company reported Friday that its net income jumped 12 percent during the first quarter because of strong performances in its insurance and utility divisions. Berkshire Hathaway Inc. said it earned $2.6 billion (euro1.92 billion), or $1,682 …
Hilb Rogal & Hobbs Company (HRH) announced that it acquired the operating assets of Global Special Risks LLC, effective May 1, 2007. The terms of the transaction were not disclosed. Global Special Risks (GSR), an excess and surplus lines wholesale …
Earthquake Nuts and Bolts: Wholesale Connection Insurance Services, located in Woodland Hills, Calif., added a new carrier to its list of Earthquake markets in California. Dollars: Capacity in zones A, B and E is $2,500,000 for primary and $5 million …
Outdoor Recreation and Hospitality Nuts & Bolts: The Great Outdoors Insurance Program written by Gillingham & Associates provides comprehensive coverage for Outdoor Recreation and Hospitality industries. Classes: guest ranches, guides & outfitters, resorts, hunting & fishing lodges, RV parks & …
Expect new exposures as practitioners replace physicians as supervisors and nanotechnolgy and stem cell research grow An ever-expanding health care and quasi-health care services environment has placed the role of physicans in a constant state of flux. So, what new …
MGAs deliver more than just specialty packages as they prepare for changing market No one knows just how many managing general agencies (MGAs) operate in the United States, but the insurance industry couldn’t survive without them, says Scott Anderson, current …
