Buyers and Sellers Remain Cautious Insurance brokerage deals in the second quarter of 2010 barely bested the number of deals during the second quarter of 2009 bringing year-over-year activity slightly ahead of last. Forty-six transactions were announced from April through …
Insurance broker Lockton Cos. has expanded its Construction Services Group with the addition of four construction insurance and surety experts in its Washington, D.C. operations. Douglas A. Crowe, Jr. and Alexander N. Crowe have been appointed vice presidents; Don K. …
Asia’s heavy monsoons, a record heatwave in Russia and severe droughts in Africa show the need for new yardsticks to rate extreme weather to guide everybody from road builders to insurance companies, a U.N. expert said on Friday. Scales exist …
American International Group Inc is selling most of its consumer finance unit to Fortress Investment Group at a deep discount and will recognize a $1.9 billion pretax loss as a result. AIG, majority owned by the U.S. government, said Wednesday …
As goes the circle of life, so goes the wholesale insurance broker world. Not even the sixth year of a soft market cycle has deterred industry veterans from launching new wholesale businesses or creating larger ones. Many industry analysts believe …
Brotherhood Mutual Insurance Co., based in Fort Wayne, Ind., has promoted David Lantz to vice president of claims and David Walters to assistant vice president of underwriting. Lantz joined Brotherhood Mutual as a claims adjuster in 1996. He was named …
Petersen International Underwriters main product line up, the Bridge Plan, is now renewable annually without any additional health qualifications on each anniversary date. “This plan is now guaranteed to renew without health questions, after the first fully underwritten year of …
India is rewriting a bill that will allow global firms to access its $150 billion nuclear power market, suggesting stiffer compensation for industrial accidents and extending liability to cover private suppliers. The changes, if approved, would mean higher costs for …
United Insurance Holdings Corp., a property and casualty insurance holding company, today reported its financial results for the second quarter and for the six months ended June 30, 2010. For the second quarter, United returned to profitability from a loss …
A fatal plane crash in north Phoenix was Arizona’s ninth of the year. Safety experts have no clear explanation why Arizona consistently records higher fatal-crash rates for light aircraft than the rest of the United States. An Arizona Republic analysis …
