Jardine Lloyd Thompson has agreed to acquire 100 percent of the shares of South Africa-based Eikos Risk Applications (ERA) from Eikos Holdings (Pty) Ltd., part of the Eikos Group. ERA provides specialist marine, transportation and logistics risk consulting and broking …
New England Flood Insurance (NEFI) is now offering flood insurance to homeowners in New England. Coverage is underwritten by NEFI and backed by an A rated carrier and is not affiliated with the National Flood Insurance Program. NEFI will use …
A Jericho, New York, insurance broker pleaded guilty to stealing nearly $830,000 in insurance premiums and other funds, said Acting Nassau County District Attorney Madeline Singas’ office. Singas’ office said Tuesday that Joseph Koch, 57, pleaded guilty before Acting Supreme …
Catalina Holdings (Bermuda) Ltd. announced its wholly owned Swiss subsidiary, Glacier Reinsurance AG, has signed a definitive agreement to acquire Allianz Suisse Ruckversicherungs-Gesellschaft AG from Allianz SE. Allianz Suisse Re is a Swiss regulated reinsurer incorporated in 2007 with the …
Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm’s $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not improved, people with knowledge of the …
Global Risk Partners Limited (GRP)* is pleased to announce that Neil Thornton will be joining as managing director of GRP’s Retail Broking business. Thornton was previously head of the Commercial Division of Bluefin Insurance Services and before that managing director …
Delaware has issued a bulletin prohibiting the use of price optimization in insurance pricing. The Delaware Department of Insurance said in its Bulletin No. 78 on Oct. 1 that “while price optimization has no universally accepted definition, it generally refers …
There are 70,000 ways to get sick, hurt or mortally injured, and the U.S. is making them official. Last Thursday, U.S. hospitals, doctors and other care providers had to start using internationally developed standards called ICD-10 codes to bill government programs …
Willis Group Holdings is providing $1 million to help mobilize a global “Resilience Modelling and Mapping Forum” to address natural catastrophe risk, according to Dominic Casserley, CEO. The Resilience Modelling and Mapping Forum is a collaboration between the global re/insurance industry …
A penthouse boiler room exploded because of a gas leak Friday at a 33-story high-rise near Miami, injuring at least six people, fire officials said. The explosion happened around noon on the top floor of the Château Beach Residences, a …