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Ratings Assigned to Iowa’s Midwest Family Advantage Insurance
A.M. Best has assigned a Financial Strength Rating (FSR) of A- (Excellent) and a Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” to Midwest Family Advantage Insurance Co. (Midwest Advantage). The outlook assigned to these ratings is stable. Concurrently, A.M. …

POSTED JANUARY 17, 2018 5:44 PM
Harvey-Devastated Texas Coastal Towns Still Working on Recovery
Some Texas coastal towns where Hurricane Harvey made landfall are working to restore tourism and other economic attractions nearly five months after the storm. Hundreds of businesses in Rockport and Fulton are now open amid recovery efforts assisted by Aransas …

POSTED JANUARY 17, 2018 5:40 PM
Carroll Promoted to VP, Underwriting at ISMIE Mutual Insurance
Chicago-based ISMIE Mutual Insurance Co., a provider of medical professional liability insurance services, has promoted Edward J. Carroll JD to vice president of Underwriting. Carroll joined ISMIE Mutual in early 2017 when he was appointed as director of Underwriting – …

POSTED JANUARY 17, 2018 5:36 PM
A.M. Best Removes Pacific Compensation Insurance in California from Review
A.M. Best has removed from under review with developing implications and affirmed the Financial Strength Rating (FSR) of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” of Thousand Oaks, Calif.-based Pacific Compensation Insurance Co. The outlook …

POSTED JANUARY 17, 2018 5:33 PM
Settlements Reached in West, Texas, Fertilizer Plant Explosion
The city of West, Texas, and several other plaintiffs have reached settlements and partial settlements of claims stemming from a deadly explosion in the central Texas town. An April 13, 2013, blaze heated up 30 tons of ammonium nitrate at …

POSTED JANUARY 17, 2018 5:28 PM

IBR - Commercial lines News

Davies acquires R&Q's insurance services and captive operations
Davies Group has acquired insurance services and captive management operations of Randall & Quilter Investment (R&Q) for £20m.

BIBA introduces trade credit insurance scheme
The British Insurance Brokers' Association (BIBA) has launched a scheme for trade credit insurance via CMR Insurance Services.

Ryan Specialty to buy wholesale insurance brokerage Kerwick & Curran
Ryan Specialty Group, an international specialty insurance organization that offers solutions for brokers, agents and insurance carriers, has agreed to acquire wholesale insurance brokerage Kerwick & Curran (K&C).

Allianz acquires 49% stake in LV=’s UK General Insurance businesses
Allianz has completed the acquisition of 49% stake in LV=’s UK General Insurance businesses.

India's GIC Re secures approval for new Lloyd's syndicate
General Insurance Corporation of India (GIC Re) has secured in-principle approval from the Lloyd’s Franchise Board to establish a new syndicate.

POSTED DECEMBER 22, 2017 5:45 AM

IBR - Personal Lines News

Arthur J. Gallagher acquires New Jersey-based Daniels Group
Illinois-based insurance brokerage and risk management services provider Arthur J. Gallagher has completed the acquisition of New Providence, New Jersey-based The Daniels Group.

Travelers Europe to establish new European subsidiary in Dublin
Travelers Europe said it will apply to the Central Bank of Ireland for authorization of a new insurance subsidiary incorporated in the Republic of Ireland.

CVS Health to acquire US health insurer Aetna for $69bn
CVS Health has agreed to acquire American health insurer Aetna for $69bn in a move to address rising healthcare expenditure by providing less expensive medical services across pharmacies.

POSTED DECEMBER 04, 2017 8:44 AM
Markel completes acquisition of EC Insurance
Markel International has completed the acquisition of EC Insurance after securing approvals from the Prudential Regulation Authority in the UK.

TechCanary launches CanaryServices after acquiring Terminus Consulting
TechCanary has launched professional service subsidiary CanaryServices, following the acquisition of Terminus Consulting.


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