Atlanta-based global insurance claims management firm McLarens reported it has acquired London-based Lloyd Warwick International (LWI), a provider of global specialty loss and insurance adjusters. McLaren purchased the firm from LWI employees and Crawford & Co. Financial terms of the …
S&P Global Ratings has affirmed its “AA-” long-term issuer credit and financial strength ratings for Munich Re and its subsidiaries, with a stable outlook. The stable outlook reflects S&P’s view that Munich Re will maintain capital adequacy above the “AA” …
A city in northern Alabama will pay a ransom worth $300,000 in Bitcoins in response to a hack of its computer system. Florence City Council voted unanimously at an emergency meeting Wednesday evening to make the payment from the city’s …
A Louisiana man who insurance regulators say continued to transact insurance business after having had his state insurance licensed revoked has been issued a cease and desist order by Insurance Commissioner Jim Donelon. The Louisiana Department of Insurance reported that …
W.E. Love & Associates (WEL), an XPT Group company, has hired Christopher Joyce, who joins as underwriter. Joyce will continue his career as a specialist in the transportation niche, as WEL continues to expand its transportation group. Over the past …
The Worldwide Broker Network has appointed Price Forbes Executive Director Alex Gilmore as chairman. Gilmore previously served as WBN’s Treasurer. He takes over the voluntary position of chairman from Jim Watt of EPIC Insurance Brokers & Consultants, who will continue …
UK insurance executives have taken another step toward developing a public-private risk-financing mechanism for future pandemics with the creation of work streams to take the idea from the drawing board to an operating company. So-called “Pandemic Re,” which was first …
The owner of the contracting company of which two workers were killed in a trench collapse in Mississippi earlier this month was previously issued 27 federal citations for safety violations. Shane Henderson was the president of the now-defunct Gilco Contracting, …
AssuredPartners, Inc. has acquired Cypress Insurance Group, Inc. of Fort Lauderdale, Fla. The team of 20 will remain under the operational leadership of Terry Bond and Debbie Arciola. The agency currently reports $3 million in annualized revenues. AssuredPartners Regional President …
Two men who were arrested as teenagers and spent nearly half their lives behind bars after being wrongfully convicted of murder have sued Chicago police and Cook County prosecutors for malicious prosecution, lawyers for the men says. John Fulton and …