Dual Commercial LLC, a specialty program administrator based in Naples, Florida, has hired John Broomfield as senior underwriter for the firm’s the Environmental Division. He is based in New York City. Broomfield has more than 15 years of insurance experience …
Austin, Texas-based All Web Leads (AWL), a Genstar Capital portfolio company, announced an agreement to acquire insuranceQuotes.com, Bankrate Inc.’s insurance division. The total transaction purchase price is $165 million and the transaction is expected to close by the end of …
American International Group Inc. Chief Executive Officer Peter Hancock dismissed activist investor Carl Icahn’s proposal to split the company into three insurers, saying a division would limit earnings diversity and reduce the value of some tax assets. The stock declined …
A.M. Best has upgraded the issuer credit rating (ICR) to “bbb+” from “bbb” of Auto Club Insurance Company of Florida (ACICF) in Tampa. Concurrently, A.M. Best has affirmed ACICF’s financial strength rating of B++ (Good). The outlook for both ratings …
Accident Fund Insurance Company of America has promoted Mike Seling to vice president of Business Development/Regional Operations. Seling, a 13-year veteran of Accident Fund, began his career in the Finance department and has spent the past eight years in business …
Newport Beach, Calif.-based Alliant Insurance Services has named Steve Sampiere chief information officer. Sampiere will direct a breadth of initiatives focusing on innovation, security and facilities. He takes the reins of CIO from Ilene Anders, who became chief financial officer …
Willis Group Holdings plc said it was “disappointed” that Institutional Shareholder Services last week recommended Tower Watson shareholders reject the proposed merger with Willis. “[W]e are disappointed with their conclusion that Towers Watson shareholders should not support the merger. We believe that …
Tucked away off a narrow country road in Clark County, Kentucky, in the middle of a farm, 27 acres of hemp grew all summer. Now, the plants will be harvested and processed. Kentucky, hailed as a leader by industrial hemp …
American International Group Inc. Chief Executive Officer Peter Hancock has a bit of ammo as he meets Thursday with activist shareholder Carl Icahn: The credit market has been on the insurer’s side. The cost to protect bondholders against an AIG …
Marsh & McLennan Agency LLC (MMA) has acquired Dawson Insurance Agency, a 98-year-old family-owned agency in Fargo, N.D. Terms of the transaction were not disclosed. Established in 1917, Dawson Insurance provides commercial and personal insurance, surety bonds, safety and loss …