Arthur J. Gallagher & Co. said Friday its proposed $13.45 billion purchase of rival brokerage AssuredPartners Inc. will likely close in the second half of this year rather than the first quarter, as originally anticipated when the deal was announced.
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Arthur J. Gallagher & Co. said Friday its proposed $13.45 billion purchase of rival brokerage AssuredPartners Inc. will likely close in the second half of this year rather than the first quarter, as originally anticipated when the deal was announced.
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Lloyd’s of London said Monday it expects $2.3 billion in net losses from the recent Los Angeles wildfires, as the insurance marketplace reported a dip in underwriting profit for last year.
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A heightened geopolitical risk environment, including volatility, uncertainty and a widening range of possible outcomes, has become a more significant driver of operational and strategic risks to trade, finance and investment than in prior periods, according to a report Monday from Marsh LLC.
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A Leavitt Group unit said in a lawsuit filed Wednesday in federal court in Helena, Montana, that one of its former brokers and Alliant Insurance Services Inc. are wrongfully using proprietary information and trade secrets, causing it to lose “substantial portions” of its business.
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Zurich Insurance Group has expanded its offices across the U.S. to 30 from 13 as it doubles down on its middle-market growth strategy.
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Liberty Mutual Holdings Co., citing “disciplined underwriting and operational execution,” Thursday posted fourth-quarter net income of $1.2 billion, up 89.4% from $654 million in the year-earlier period.
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Marsh LLC Tuesday named Andrew George president of Marsh Specialty.
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Aon PLC said Monday it has hired former Marsh LLC construction insurance executives Rob McDonough and Brian Hodges.
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A federal judge in St. Louis Monday denied a unit of AssuredPartners Inc.'s motion for a temporary restraining order against three brokers who left to join rival EPIC Insurance Brokers & Consultants, saying it could not demonstrate irreparable harm.
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Insured losses arising from a March 10 collision off the eastern coast of England between a cargo ship and a tanker transporting jet fuel for the U.S. military could total up to $300 million, Morningstar DBRS said in a report issued Wednesday.
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Business Insurance Thursday opened nominations for the 20th annual Women to Watch Awards.
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Oakbridge Insurance Agency LLC Monday named John Ledyard, formerly with Higginbotham, as executive vice president and chief operating officer.
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Claims and insurance management company Davies Wednesday said it has promoted Dhara Patel to CEO of Davies North America.
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Seasoned captive industry leader Renea Louie has been named CEO of Sotera Global Management.
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Aon PLC said Tuesday it hired former Marsh McLennan Agency executive Denise Perlman to lead its middle-market practice in North America, effective April 1.
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Markel, the insurance unit of Markel Group Inc., said Friday it has promoted Nan Fine to managing director, casualty, Southeast region, Markel Specialty, and Hillary Warren to manager for commercial wholesale excess casualty, Southeast region.
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Nationwide Insurance Thursday named Tonya Courtney, formerly with Arch Insurance Co., to lead its newly launched excess and surplus brokerage property unit.
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W.R. Berkley Corp. Thursday named former Liberty Mutual Insurance Co. leader Heath Kidd executive vice president.
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Alera Group Tuesday announced it has promoted Talicia Bashford to managing director of the Midwest region, effective immediately.
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Business Insurance’s Rankings + Directory of Agents and Brokers features the nation’s Top 100 brokers based on year-end U.S. brokerage revenue, profiles of the world’s largest 10 brokers, special reports and a comprehensive listing of 122 agents and brokers, including their gross revenue, brokerage revenue, revenue by business line, acquisitions, company officers and more. Raw data […]
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The Business Insurance Global Reinsurers and Reinsurance Brokers Rankings + Directory includes the data listings of the world’s 19 largest reinsurers and 12 reinsurance brokers. See the Top 10 reinsurers by gross reinsurance premiums written, based on A.M. Best data, and Top 10 reinsurance brokers based on their gross revenue in 2023. The 2024 special […]
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