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Integro Acquires Entertainment Risk Management, London-Based MGA
The insurance brokerage and risk management firm Integro Ltd. has acquired Entertainment Risk Management Ltd. (ERM), a London-based managing general agent (MGA), to augment its international entertainment practice. Financial details of the transaction have not been disclosed. ERM primarily serves brokers …
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Florida City Approves Ridesharing, Taxi Rules
Gainesville, Fla., has passed new rules for private car-sharing companies like Uber to operate in the city. The City Commission passed regulations that apply to both taxis and companies like Uber. Mayor Ed Braddy told The Gainesville Sun that the …
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Plagued by Drought, California Prepares For El Niño Storms
While drought-plagued California is eager for rain, the forecast of a potentially Godzilla-like El Niño event has communities clearing out debris basins, urging residents to stock up on emergency supplies and even talking about how a deluge could affect the 50th Super …
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Kentucky Stretch of Mississippi River Reopens After Oil Spill
A 17-mile stretch of Mississippi River in Kentucky has reopened with restrictions after it was closed following a collision between two tow boats that spilled more than 120,000 gallons of oil into the waterway, the U.S. Coast Guard said Saturday. …
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Investor Doubts Remain About Zurich’s $8.8B Tentative Offer for UK’s RSA
Zurich Insurance Group AG’s announcement that it’s considering a 5.6 billion-pound ($8.8 billion) offer for RSA Insurance Group plc is leaving investors in doubt that the takeover will happen at that price. RSA rose 4.6 percent to 517.5 pence at 4:17 p.m. in London …
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2 Miami Residents Accused of Conducting $200K in Illegal Insurance Transactions
The Florida Department of Financial Services’ Division of Insurance Fraud (DIF) announced the arrests of Miami residents Alina Del Prado, 60, and Karla Patricia Figueroa, 40, who are accused of deceptively using unsuspecting licensed insurance representatives’ licenses to defraud Florida …
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Las Vegas Airport May Soon Get Uber, Lyft Service
Travelers flying to Las Vegas may soon be able to hail a ride from Uber or Lyft. Officials have been developing plans allowing the ride-hailing companies to pick up and drop off passengers using McCarran International Airport. The option won’t …
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Palmer & Cay of Texas: Focused on Specialization
Georgia-based Palmer & Cay may have a lot of history behind it but what’s driving the expansion of the independent insurance brokerage into Texas is a very modern sense of what it takes to succeed in the marketplace today, two key …
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Brazil Insurer Caixa Seguridade, Reinsurer IRB Plan IPOs to Raise $3.6 Billion
Brazilian insurer Caixa Seguridade Participações SA and reinsurer IRB Brasil RE SA on Tuesday filed plans for initial public offerings that their shareholders expect to raise a combined 13 billion reais ($3.6 billion) should an across-the-board market rout ease in …
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Mitsui Sumitomo to Buy Amlin for $5.3B, Latest in Japanese Overseas Deals
MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd’s of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares surged. The Tokyo-based company’s Mitsui Sumitomo Insurance Co. unit will pay 670 …
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