Markel, Aspen, FirstComp Markel Corp. completed the previously announced acquisition of Aspen Holdings Inc., a privately held insurance group that provides workers’ compensation insurance and related services, principally to small businesses, in 31 states. Aspen, headquartered in Omaha, Neb., operates …
New Jersey-based insurance wholesaler Crump has hired Adam Kagan as chief market relations officer. Kagan will work with Crump’s wholesale and specialty programs units to assist in developing and expanding carrier relationships. He joins Crump following 17 years with Marsh, …
A.M. Best Co. has upgraded the financial strength rating of Pacific Pioneer Insurance Co. to “B++” from “B+,” and issuer credit rating to “bbb” from “bbb-.” The outlook for both ratings is stable, according to the rating agency. A.M. Best …
The superintendent of New Jersey’s fourth-largest school district surrendered to the FBI on Thursday and was charged with fraud and bribery over an alleged insurance-kickback scheme that federal officials called “staggering” in its scope. Toms River Schools Superintendent Michael Ritacco, …
New Jersey drivers are now required to remove ice and snow from their vehicles under a new law that has gone into effect. The law, passed last October, authorizes fines and citations for drivers who fail to clean off their …
A deer crashed through a window at a New Jersey veterinarian’s office. Staff, clients and pets escaped without injury when the buck came through Family Pet Hospital in Mount Olive Township Tuesday. Dr. Sue Bliesath told The Daily Record of …
In anticipation of the previously announced retirement of Chief Operating Officer John J. Degnan on Dec. 31, 2010, John D. Finnegan, chairman, president and chief executive officer of The Chubb Corp. announced several management appointments, effective Jan. 1, 2011: Paul …
Global specialty insurer Torus has appointed Jeffery S. Grange as senior vice president and head of U.S. professional lines. Based in Torus’ Jersey City, N.J. office He reports to Chief Underwriting Officer Dermot O’Donohoe. Along with Senior Vice President Alex …
A weeklong insurance community involvement campaign kicked off over the weekend: The Insurance Industry Charitable Foundation’s (IICF) Volunteer Week. Begun on the West Coast 13 years ago, Volunteer Week is new to the New York-New Jersey-Connecticut tri-state region. In the …
Chicago-based broker Hub International has acquired Burnham and Company Inc., of New Jersey. Terms of the deal were not disclosed. Burnham, based in Englewood Cliffs, has approximately $4 million in annual revenue. It will become part of Hub International Northeast …
