AmeriTrust Group Inc. in Southfield, Michigan, has promoted Dave Sheeran, executive vice president of Meadowbrook Insurance, to president of the Meadowbrook Insurance Agency. Sheeran has been with Meadowbrook for 10 years. He brings a strong accounting background and extensive knowledge …
Fosun International Ltd., Chinese billionaire Guo Guangchang’s conglomerate that has bought insurers and real estate around the world, proposed raising HK$11.7 billion ($1.5 billion) in a rights offer to fund its push into the banking and insurance industries. The company …
Proposed federal and state gun legislation is having an unintended effect on growth in the gun insurance market across the country. Experts in this segment say new policy submissions dealing with all aspects of guns, including gun shops, gun dealers …
A.M. Best Co. has placed under review with negative implications the financial strength rating (FSR) of A- (Excellent) and issuer credit ratings (ICR) of “a-” of the subsidiaries of Meadowbrook Insurance Group Inc. (MIGI) of Southfield, Mich., which operate under …
The loss of market share in the surplus lines sector of the property/casualty insurance industry will turn around when standard carriers begin to experience negative results from the non-standard business they’ve taken on in the past few years. The reason? …
