Leading industry figures insist the Federal Government's changes to rules on fringe benefits tax (FBT) will have "dire consequences" for Australia's automotive industry. Prime Minister Kevin Rudd yesterday announced a $1.8 billion cut in ...
Tags: Automotive, car, auto
Installers from Josloff Glass working on the Terminal B Modernization at Newark International Airport. Photos by Ari Mintz Photography, www.arimintzphoto.com.2012 was another year of improvement for U.S contract glazing firms, with more ...
Tags: Construction
Washington-based western-regional surplus lines brokerage and managing general agent (MGA), Cochrane & Company has completed acquisition of Prowest Insurance Services for an undisclosed amount. As part of the transaction, Prowest will ...
International Kanbawza Insurance (IKBZ) has started offering new insurance services in Myanmar and is writing six different types of coverage, including life, fire, surety bonds, transportation, cargo and money secure. Kanbawza Group ...
Cross Insurance, an insurance brokerage and unit of Cross Financial, has launched a new division in Northeast to offer surety bonds for its clients. The new surety bond division will manage the needs of bonding and surety for a diverse ...
Tags: Cross Insurance, Service
Singapore-based privately held insurance broker Lockton has appointed Angel Kuan as the new development director of its Global Technology and Privacy Practice Under her new role, Kuan will primarily be responsible for the development of ...
Tags: Lockton, Development Director, Service
ACE Group, a multiline property and casualty insurer, has introduced a suite of surety products for the Italian market, in an effort to continue expansion of its international capabilities in the Continental Europe region. Supported by ...
Tags: ACE, Surety Products
The Guarantee Company, a specialty insurance provider in North America, has selected OneShield’s Dragon platform as its new enterprise standard for policy, rating and billing system. Replacing multiple legacy core systems and ...
Tags: Dragon Platform, Guarantee Company
Global property and casualty insurer ACE has completed the acquisition of Mexican personal lines insurer ABA Seguros from Ally Financial for nearly $690m in cash, after offering a $175m pre-closing dividend to the seller. The definitive ...
Tags: casualty insurer, ABA Seguros
The Pennsylvania Bar Association (PBA) has selected commercial insurance writer CNA as the exclusive, endorsed professional liability (PL) insurance carrier, following the recommendation of USI Affinity. CNA Underwriting vice president ...
Tags: PBA, CNA, Insurance Carrier
Property and casualty insurer ACE has acquired Fianzas Monterrey in Mexico, a surety lines company, from New York Life Insurance for nearly $293m in cash. Originally inked in September 2012, the transaction was successfully completed ...
US-based Private equity firm Genstar Capital has purchased a retail insurance brokerage organization Acrisure, in an undisclosed deal. Acrisure co-founder and CEO Greg Williams said that the deal will offer extra resources and precious ...
Tags: Private equity firm, Genstar Capital, retail insurance, Acrisure
Allied World US, a unit of Allied World Assurance Company Holdings (AWH), has introduced a new surety line of business for clients in the US. The company has also appointed Robert Staples as senior vice president, Surety and will report ...
Tags: Allied World US, AWH, new surety line
Liberty Mutual Insurance has added the new View Status function to its MyLibertyMobile application to help its group life and disability policyholders to provide their employees with a convenient way to view leave time and claim details on ...
TowneBank has completed the acquisition of Greenville-based insurance agency The Clement Companies, in a bid to expand into North Carolina. Following this acquisition, The Clement Companies will affiliate with the acquirer's wholly-owned ...