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Hub International Acquires BW Insurance Agency
Hub International Limited (Hub), a global insurance brokerage based in Chicago, has acquired BW Insurance Agency Inc. (BWIA) a wholly-owned subsidiary of Bank of the West. BWIA is a multi-line property and casualty, personal and employee benefits insurance brokerage. Terms of …
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Proposal: Newtown Victims’ Families Would Split $1.5M From Homeowner Policy
The families of more than a dozen victims of the Newtown school shooting rampage in Connecticut would split $1.5 million under proposed settlements of lawsuits against the estate of the gunman’s mother. The lawsuits filed this year accuse Nancy Lanza …
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France Expands Search for MH 370 Debris at Malaysia’s Request
The French government has responded to a request from Malaysia for more help in the search for the missing Malaysia Airlines plane. France said it would send planes, boats and helicopters to scour the coast of the remote Indian Ocean …
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XL Group Posts Q2, 1st HY Earnings; Boosted by Catlin Acquisition
XL Group’s second quarter report showed a net decrease in operating income to $245.8, compared to $279.6 million in Q2 2014. For the first half of 2015 XL reported operating earnings of $440 million, down from $518 million in 2014. …
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Texas Seeks Comment on Rules for Changes to Windstorm Insurer
The Texas Department of Insurance is seeking public comment on drafts of rules for implementing legislation that alters funding mechanisms for the state’s property insurer of last resort for wind and hail along the Texas coast. TDI has posted on …
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Poeton Named Sr. VP in State National’s Program Services Segment
Bedford, Texas-based State National Cos. Inc. appointed Tim Poeton senior vice president of business development in its Program Services segment. Poeton has more than 30 years of insurance and reinsurance experience. Most recently, he served as senior vice president and branch …
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AXA’s First-Half 2015 Profits up 2.3% on U.S., French Life Insurance Gains
French insurer AXA SA said first-half profit rose 2.3 percent, helped by higher life-insurance earnings in the U.S. and France. Net income at France’s biggest insurer climbed to €3.08 billion ($3.37 billion) from €3.01 billion [$3.30 billion] a year earlier, …
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Gallagher Signs Plans to Buy Controlling Stake in Colombian Broker Guianza
Arthur J. Gallagher — the international division of Arthur J. Gallagher & Co. – has signed an agreement to acquire a controlling stake in Colombian retail insurance broker Guianza S.A. Corredores de Seguros (Guianza), subject to regulatory approval. The remaining …
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Risk Innovations Acquires Columbia Commercial General Agency
Atlanta, Ga.-based Risk Innovations LLC has acquired Columbia Commercial General Agency (CCGA), headquartered in Columbia, Mo. The deal was effective Aug. 1, 2015. The acquired business will continue to operate in Columbia under the Risk Innovations name and management team. Risk …
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N.Y. Yankees to Offer Fans Biometric Identity Service for Faster Stadium Entry
Yankee Stadium visitors soon will be able to avoid long security lines by registering their fingerprints with a biometric identity service used at 12 U.S. airports. Starting Friday night against the Toronto Blue Jays, visitors to the Bronx, New York, …
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