Swiss Re has agreed to sell iptiQ’s European P&C business to Allianz Direct, in line with its strategic decision to withdraw from iptiQ. Allianz Direct, the pan-European online insurer of Allianz Group, will take over the risk carrier based in …
A security fence rings a Las Vegas building where a Nevada county tabulates votes. An Arizona sheriff has his department on high alert to guard against potential violence with drones and snipers on standby. The National Guard has been or …
Arthur J. Gallagher & Co. announced the acquisition of Fenton, Michigan-based Peabody Insurance Agency, Inc. (Peabody Insurance). Terms of the transaction were not disclosed. Peabody Insurance is a retail insurance agency serving commercial and personal lines clients primarily in southeast …
Arthur J. Gallagher & Co. acquired Altadena, California-based American Matar International Inc., dba Statewide Commercial Insurance Brokers. Lana Matar and her team will remain in their current location under the direction of Scott Firestone, head of Gallagher’s Southwest region retail …
On Monday, Massachusetts Governor Maura Healey joined Massachusetts fire service leaders in asking residents to refrain from outdoor activity that could cause or contribute to the state’s recent rash of brush and wildland fires. “As we confront an unprecedented fall …
The Hilb Group announced last week that it has successfully secured an approximately $2 billion round of financing to refinance its existing debt and expand its revolving credit and delayed draw term facilities. The financing will support Hilb’s continued acquisition …
Hawaiian Electric Industries formalized a $2 billion agreement to settle damage claims from a wildfire that razed the historic town of Lahaina and killed more than 100 people. The utility-owner had reached a tentative agreement in August in which it, …
New York Governor Kathy Hochul announced on Monday that up to $20 million is available for eligible homeowners in flood-prone areas to make proactive flood mitigation and energy-efficiency improvements to their homes. The money is the latest round of funding …
Republican James Brown was well ahead of Democrat John Repke in the race for the office of Montana Commissioner of Securities and Insurance, State Auditor. Brown had 67% of the vote with 196 precincts reporting in. Commissioner Troy Downing, who …
Democrat Patricia Kuderer was leading Republican Phil Fortunato in the bid to replace the nation’s longest serving insurance commissioner with 57% of the votes and 52% of the state’s ballots counted so far. Current Washington Commissioner of Insurance Mike Kreidler, …