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TigerRisk Enters China Market with Opening of Hong Kong Office
TigerRisk Partners LLC announced its first presence in Asia with the opening of the Hong Kong office of its subsidiary TigerRisk China Partners. TigerRisk China Partners is a member of the Hong Kong Confederation of Insurance Brokers, effective July 30. …
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Marsh Completes Acquisition of UK-Based SME Insurance Services
Marsh has completed its previously agreed acquisition of Leeds, England-based SME Insurance Services (SMEi), an independent broker which provides specialist commercial insurance to small and medium-sized enterprises across the UK. The transaction was announced on June 1. The addition of …
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Zurich Insurance Prepares Financing Ahead of Possible Offer for RSA: Sources
Zurich Insurance Group AG is raising financing ahead of a possible takeover offer for RSA Insurance Group, according to people familiar with the matter. The Swiss insurer is talking to banks about raising more than $4 billion, said two of the people, who asked …
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Freberg Environmental Names Miller Senior Vice President in Colorado
Freberg Environmental Insurance has named Renee Miller to lead its environmental consultants and contracting program. Miller will be based in Denver, Colo. and lead Freberg’s environmental program providing general liability, contractors’ pollution and professional liability for environmental firms. Miller joins …
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Weather Service Confirms Tornado Struck North Dakota City
The National Weather Service has confirmed that storm damage in Tolna, N.D. was caused by a tornado. The tornado last week was rated an EF-1, with an estimated peak wind speed of 110 mph. It was on the ground for …
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Massachusetts Senate to Launch Inquiry Into Home Insurance Rate Hikes
The Massachusetts Senate’s oversight body is launching an inquiry into homeowners insurance rate increases approved by the Division of Insurance (DOI) this year after a brutal winter led to increased claims activity. State Senator Mike Barrett (D-Lexington), chair of the …
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Olson to Lead the Independent Insurance Agents of Georgia as CEO
Betsy K. Olson was appointed chief executive officer of the Independent Insurance Agents of Georgia after a unanimous vote of its Board of Directors on July 29, 2015. Olson will take the reins on September 1. “Betsy is intimately familiar …
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Lockton Announces New Hires for Philadelphia Office
Insurance broker Lockton hired Deana Calvelli as vice president of Retirement Services for Lockton’s Northeast region. Calvelli will lead Lockton’s new retirement practice in the Philadelphia office. The practice will advise clients on 401k and other retirement plans. In her …
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Mississippi Insurance Commissioner Being Challenged in Upcoming Primary
Second-term Mississippi Insurance Commissioner Mike Chaney is being challenged in the Republican primary by John Mosley, a body shop owner who says insurance companies have gotten away with paying for less-than-perfect replacement parts to repair damaged vehicles. Chaney supporters criticize …
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SASSI Expands Workers’ Comp Program Into Additional States
SASSI, the Salon and Spa Specialty Insurance agency, has added an additional market for its workers’ compensation insurance program, enabling the agency to write this coverage in additional states. The program is designed to meet the needs of small to …
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