News – Insurance Journal
|Swiss Re Adds Management Liability Coverage for Non-Profits, Private Companies
Swiss Re Corporate Solutions has expanded its Executive Risk product offering with the launch of SwissGuard, a multi-coverage, management liability policy designed for non-profit and private companies. SwissGuard insures against directors and officers liability, employment practices liability and fiduciary liability …
POSTED OCTOBER 20, 2017 4:48 PM
|Brown & Brown Acquires Louisiana Employee Benefits Firm
Brown & Brown of Louisiana LLC, a subsidiary of Florida-based Brown & Brown Inc., has acquired substantially all of the assets of Lapeyre, Staples & Robichaux, the companies announced. Lapeyre, Staples and Robichaux, based in Houma, Louisiana, specializes in employee …
POSTED OCTOBER 20, 2017 4:46 PM
|Texas Windstorm Insurance Association Request to Raise Liability Limits Disapproved
Texas Insurance Commissioner Kent Sullivan has declined to approve a request by the Texas Windstorm Insurance Association to raise the maximum limits of liability on windstorm and hail policies. TWIA in August filed a request to increase the limits for …
POSTED OCTOBER 20, 2017 4:38 PM
|Arkansas Officials: Highway Funding May Have to Wait Until 2019
Arkansas highway officials have left open the possibility they’ll take a road funding proposal to lawmakers in 2019 rather than pursue a ballot measure next year. The move comes a day after Gov. Asa Hutchinson said he would oppose any …
POSTED OCTOBER 20, 2017 4:25 PM
|Farmers in Upper Midwest Report Damage from Dicamba Herbicide
Hundreds of farmers in the Upper Midwest are reporting damage from the controversial herbicide dicamba, and state officials are considering restrictions for the 2018 growing season that might surpass even new federal rules. The state agriculture departments in North Dakota, …
POSTED OCTOBER 20, 2017 4:23 PM
IBR - Commercial lines News
|THG acquires Delaware-based CNC Insurance Associates
Property and casualty insurance provider, The Hilb Group (THG) has acquired Delaware-based CNC Insurance Associates for undisclosed sum.
POSTED OCTOBER 17, 2017 11:00 PM
|Bar Harbor Bankshares to divest McCrillis & Eldredge Insurance
Bar Harbor Bankshares has signed a definitive agreement with Cross Insurance to sell their insurance subsidiary, McCrillis & Eldredge Insurance, a family owned and operated company headquartered in Bangor, Maine.
POSTED OCTOBER 12, 2017 1:18 PM
|MS&AD to acquire 15% stake in ReAssure for £800m
MS&AD Insurance Group Holdings of Japan has agreed to acquire an initial 5% stake in ReAssure, a UK closed life book consolidator of Swiss Re Life Capital, for £175m as part of its £800m investment for acquiring 15% shareholding in ReAssure.
POSTED OCTOBER 11, 2017 7:42 AM
|Everest Re obtains regulatory approval for Irish subsidiary
The Central Bank of Ireland has granted authorization to Dublin-based subsidiary of Everest Re Group to operate as an authorized non-life insurer in Ireland.
POSTED OCTOBER 04, 2017 8:00 AM
|Sompo International launches global insurance platform
Sompo International Holdings (SIH) has launched a global insurance platform and a global clearance system (GCS) to provide a range of products to customers to manage their risks.
POSTED OCTOBER 02, 2017 11:00 PM
IBR - Personal Lines News