CRC Insurance Services Inc., a wholesale insurance subsidiary of BB&T Corporation’s principal subsidiary Branch Banking and Trust Company, announced an agreement to acquire strategic assets of NAPCO, LLC. Terms of the transaction were not disclosed. Founded in 1996, NAPCO is …
Property/catastrophe insurers have been focused on winning new business, which means new customers are seeing bigger price cuts, according to a market report from a wholesale broker specializing in catastrophe risk placements. NAPCO‘s Fall 2014 State of the Market report …
With more than $600 billion in policyholders’ surplus, the insurance industry is very well capitalized in spite of a large loss from Hurricane Sandy last year. But even so, insurers have been keeping the price of property-catastrophe insurance relatively flat …
