New Jersey News

Business Moves

Brown & Brown, Martin Benefits Insurance broker Brown & Brown Inc. has acquired New York-based Martin Benefits Consulting and Martin Human Resources. Terms of the deal were not disclosed. The businesses – which have combined annual revenues of approximately $3 …

Out-of-State Agents Blast Massachusetts Paperwork Requirement

A trade group for agents in several Northeast states are urging Massachusetts regulators to shelf new paperwork requirements for out-of-state businesses’ workers’ comp coverage. Massachusetts Division of Insurance (DIA) recently announced new rules requiring out-of-state businesses to submit additional paperwork …

Hub Acquires Burnham

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 …

New Jersey Insurance Broker Pleads Guilty in Loan Scheme

A former partner in a New Jersey insurance brokerage firm has admitted stealing more than $20 million in a fraudulent loan scheme. Forty-eight-year-old Gavin Gatta of Wayside pleaded guilty in U.S. District Court in Newark to a wire fraud charge. …

Florida Medical Liability Market Found in Good Health

Medical malpractice insurers writing in Florida earned an average return on surplus of 6.6 percent in 2009, their sixth straight profitable year, although their profits were lower than in 2008. That’s one of the news items in the state’s 2010 …

A Franchise Model for Insurance Agencies

Fiesta Auto Insurance Combines Insurance and Tax Preparation Services Under One Roof Modeling an insurance agency business after a sandwich shop might sound like a strange idea, but that’s what John Rost, founder, president and CEO of Fiesta Auto Insurance, …

People

Texas-based Roach Howard Smith & Barton (RHSB) announced that Jan Holcombe joined the company as vice president of personal client services. Holcombe brings more than 20 years of experience as an insurance counseling and management specialist. She will be in …

People

The Hartford appointed Lisa Morgan senior vice president of its middle market commercial insurance business. She will lead The Hartford’s $2 billion middle market commercial insurance unit that provides the property/casualty protection needs of mid-sized businesses and other entities, such …

New Markets

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. Roofers Market Detail: Leo Risk Services, a regional wholesale broker, has markets for roofing contractors …

People

Insurance broker Marsh has added five industry veterans – four from competing broker Aon – to its private equity and mergers and acquisitions practice. James O’Brien, Jason Hawkins and Craig Warnke join Marsh as managing directors, and Jim Beatty and …