CRC Group, a national wholesale distributor of specialty insurance products, has acquired the assets of Washington D.C.-based Federal Employee Defense Services (FEDS), a niche managing general underwriter specializing in professional liability coverage for federal government employees and contractors. FEDS is …
BEIJING/SHANGHAI – Ping An Insurance Group Co. of China Ltd , China’s largest insurer by market value, reported a 4.2% drop in annual net profit on Wednesday but beat analysts’ forecasts. Profit of 143.1 billion yuan ($22.16 billion) for the …
Federal investigators said they’ll focus on the crash of a box truck that killed five bicyclists on a stretch of Nevada highway in December as they consider recommendations to prevent similar fatalities. The National Transportation Safety Board issued a brief …
Multiple crew members on a seafood factory trawler in the Aleutian Islands in Alaska have tested positive for COVID-19, joining a growing list of outbreaks in seafood processors and vessels, city officials said. The city of Unalaska said that factory …
The Hilb Group LLC (THG) has completed its 100th acquisition by acquiring New York-based Rampart Brokerage Corporation & Affiliates (RBC). The effective date of the acquisition was December 1, 2020. Headquartered in Lake Success, New York, with nearly 200 employees …
Hub International Ltd., the Chicago-based insurance broker, announced it has acquired John Galon Insurance Services Ltd. and Galon Management Ltd., collectively known as Galon Insurance Brokers. Terms of the transaction were not disclosed. Located in the cities of Regina and …
Worldwide Facilities LLC, a national wholesale insurance broker, managing general agent and program underwriter, is partnering with The Woodlands, Texas-based Cudd Pressure Control Inc., through its Cudd Well Control division, on energy-focused insurance products. Cudd Well Control will provide the …
Understory, a Madison, Wisconsin-based provider of insurance products and services focused on climate change, has appointed Neil Irwin as chief strategy officer. Irwin will help drive the company’s strategic planning efforts, including expansion into high-growth markets, development of industry partnerships …
Openly, based in Boston, is now offering its homeowners insurance products and services in Wisconsin. More than 500 independent agents across the state can now access Openly’s technology that simplifies the homeowners insurance process, providing a quote in just 15 …
Catalina Holdings (Bermuda) Ltd., the legacy re/insurance acquisition specialist, announced that Chris Fagan, co-founder, is stepping down as chief executive. He will be succeeded as chief executive by Bruce Hemphill, current chair of the Catalina board, who has been working …