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10 03, 2020

Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’

By | March 10th, 2020|Uncategorized|Comments Off on Aon and Willis Towers Watson Say Merger Is All About ‘Getting Better, Not Bigger’

There are several talking points that were evident about the planned merger of broking giants Aon and Willis Towers Watson. First, it’s not about getting bigger; it’s about getting better. And, second, it’s about addressing unmet client needs. But it …

10 03, 2020

California Governor Names Hagen Department of Industrial Relations Director

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California Gov. Gavin Newsom has named Katrina S. Hagen director of the California Department of Industrial Relations. She fills the position vacated by former director Christine Baker, who retired in 2018. Hagen, 47, of Sacramento, has served as chief deputy …

10 03, 2020

Brazil Insurer Caixa Seguridade Postpones IPO on Coronavirus Worries: Sources

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Brazilian insurer Caixa Seguridade SA decided on Monday to cancel its initial public offering, two sources with knowledge of the matter said, amid concerns about the new coronavirus and plunging oil prices. Controlling shareholder state bank Caixa Economica Federal had …

10 03, 2020

Liberty Mutual Re Promotes Londoño to General Manager Colombia, Replacing Ospina

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Liberty Mutual Re (LM Re), part of Liberty Mutual Insurance Group, has promoted Juan Felipe Londoño to the position of general manager Colombia, with responsibility for the Andean Region and Panama. He reports to Miguel Martinez-Alvarez, head of Business Development …

10 03, 2020

Private Equity Firm KKR Shuts London Offices on Employee Diagnosis of Coronavirus

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Private equity firm KKR & Co Inc. said late on Monday an employee in its London office had tested positive for coronavirus, and that it would temporarily close both its London offices to have them sanitized. “Our London office has …

10 03, 2020

Reuters: Aon Alleges Fraud in $300M Brazilian Deal with Broker Admix

By | March 10th, 2020|Uncategorized|Comments Off on Reuters: Aon Alleges Fraud in $300M Brazilian Deal with Broker Admix

British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it when it acquired the company four years ago in a 1.35 billion reais ($300 million) deal, according to arbitration and …

10 03, 2020

Upcoming Insurance Conference Cancellations: WSIA, Cannabis, CFA and Others

By | March 10th, 2020|Uncategorized|Comments Off on Upcoming Insurance Conference Cancellations: WSIA, Cannabis, CFA and Others

The number of industry-related conferences being cancelled, postponed or moved to virtual in response to the coronavirus threat is growing. The Wholesale and Specialty Insurance Association (WSIA) has joined the ranks of those canceling events. Travel restrictions and corporate travel …

10 03, 2020

Insurtech INSTANDA Raises $19.5M to Support International Expansion

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INSTANDA, the London-based customer and policy management platform for the insurance industry, has completed a $19.5 million Series A fundraising round, the company announced. Led by Assembly Capital Partners, the investment will support the firm’s international expansion in the United …

10 03, 2020

Brightway Insurance Franchise Owner Collins Expands Business to New Jersey

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Brightway Insurance Franchise Owner Ryan Collins has expanded his business enterprise with a second Brightway location in Chatham, N.J., which is his first location in the Garden State. Collins opened his first Brightway store in Sunrise, Fla., in 2018. Brightway …

10 03, 2020

Governor Cuomo Announces More Than 100 Coronavirus Cases in New York State

By | March 10th, 2020|Uncategorized|Comments Off on Governor Cuomo Announces More Than 100 Coronavirus Cases in New York State

The number of coronavirus cases in New York state rose Sunday to more than 100, an expected increase Gov. Andrew Cuomo predicts will continue as more testing is done. New York City Mayor Bill de Blasio said Sunday that the …