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12, 2015
Disaster Loans Offered to West Virginia Businesses Impacted by Weather
Small businesses in West Virginia that have been impacted by bad weather may be able to get financial assistance from the federal government. The U.S. Small Business Association says economic injury disaster loans are available for certain small businesses, small …
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12, 2015
J. Smith Lanier Announces Stock Merger with Alabama’s Rogers, Parker & Associates
J. Smith Lanier & Co., an independent insurance brokerage firm, has announced a stock merger with Rogers, Parker & Associates, Inc., of Florence, Ala., effective December 1, 2015. Rogers, Parker & Associates, Inc. traces its origin to 1898 when agency …
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12, 2015
Kinsale Insurance Forms Inland Marine Division
Kinsale Insurance Company has formed a new Inland Marine Division. Havis Wright recently joined Kinsale as the division manager named to lead the effort. Kinsale’s initial underwriting focus is on the inland marine classes found within the construction, mobile equipment, …
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12, 2015
XL to Sell $22B of Life Policies to RGA, as CEO McGavick Narrows Focus on P&C
XL Group Plc agreed to sell about 290,000 life insurance policies at a loss to Reinsurance Group of America Inc. as Chief Executive Officer Mike McGavick narrows his company’s focus to property & casualty coverage after buying Catlin Group Ltd. The deal …
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12, 2015
Business Losses in India’s Flood-Ravaged Chennai Could Top $2.2 Billion
As the flood-ravaged Indian city of Chennai prayed for respite from torrential rains, a trade body said losses to businesses from the record downpour could reach more than 150 billion rupees ($2.2 billion). Water discharged from overflowing lakes and reservoirs …
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12, 2015
U.S. Risk Insurance Group Acquires Matias Underwriters in Boston
U.S. Risk Insurance Group Inc., a managing general agency and surplus lines wholesaler based in Dallas, announced that it has acquired Matias Underwriters LLC in Boston. Terms of the transaction were not disclosed. Matias Underwriters is a workers’ compensation program …
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12, 2015
Hub International Acquires Illinois-Based Forest Financial Group Assets
Chicago-based global insurance broker, Hub International Limited (Hub), has acquired the assets of Forest Financial Group Inc. (FFG). Terms of the acquisition were not disclosed. Based in Lake Forest, Ill., FFG specializes in employee benefits consulting. FFG was founded in 1998 …
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12, 2015
Klestinski Named VP – Specialty Lines at SECURA
SECURA Insurance, headquartered in Appleton, Wis., hired Kevin Klestinski as vice president – Specialty Lines Underwriting to lead this fast growing line of business for the company. Klestinski has more than 24 years of experience in the insurance industry. Prior …
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12, 2015
Ironshore Launches Hybrid Product for Fine Art Losses from Political Risk Exposures
Ironshore International has introduced a hybrid insurance product to protect against loss or damage of works of art in the care custody and control of Museums and Exhibition organizers, as well as personal fine art valuables and collections. Ironshore’s new …
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12, 2015
Allianz Launches Motorsports Unit in North America
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) is launching a dedicated motorsports unit in North America to be led by David Cloward, Global Product leader for Live Entertainment, effective January 1, 2016. National Program Management will …