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Independent Insurance
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11.3% Direct Stake Is Divested by ING in Sulamerica to Swiss Re
Nov 20, 2013Amsterdam-based financial services conglomerate ING has agreed to dispose of its 11.3% direct stake in Sul América, to Swiss Re Group, as part of its plans to further shrink its stake in the Brazilian insurer. As per the terms ...
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Bolster Launched The Company, Which Simplifies The Chaos of The Home Remodeling Process
Nov 1, 2013Bolster announced the launch of the company, which simplifies the chaos of the home remodeling process by providing home remodeling insurance that guarantees the outcome of every project. For the first time, homeowners are protected ...
Tags: Bolster, Home Remodeling Insurance
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AssuredPartners Has Acquired Eastern Insurance Acquisition Agency for an Undisclosed Sum
Oct 30, 2013Insurance brokerage firm AssuredPartners, through its New Jersey-based subsidiary has acquired Eastern Insurance Acquisition Agency for an undisclosed sum. Pennsylvania-based Eastern Insurance Acquisition Agency provides commercial ...
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Brown & Brown Announced Its Preliminary, Unaudited Financial Results for The Third Quarter
Oct 16, 2013Brown & Brown, Inc. (NYSE: BRO) today announced its preliminary, unaudited financial results for the third quarter of 2013. Net income for the third quarter of 2013 was $57,749,000, or $0.39 per share, compared with $49,504,000, or $0.34 ...
Tags: Brown&Brown, J.Powell Brown
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USI Purchased a Maryland-Based Full Service Group Benefits Agency
Oct 10, 2013New York’s insurance broker USI Insurance Services (USI) has purchased J Princinsky & Associates, (RJP), a Maryland-based full service group benefits (insurance) agency specializing in strategic benefits planning, for an undisclosed ...
Tags: Insurance
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Phoenix Aviation Introduced a New Policy Aviation Manufactured Products Liability Coverage
Sep 27, 2013Phoenix Aviation Managers has introduced a new policy Aviation Manufactured Products Liability Coverage for the manufacturers of non-critical aircraft parts and components. The new product offers liability limits of up to $50m CSL ...
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USI Completed The Acquisition of Alliance Benefit Solutions, an Insurance Company
Sep 24, 2013USI Insurance Services (USI) has completed the acquisition of Alliance Benefit Solutions, an independent insurance company located in Shelton, Connecticut, for an undisclosed sum. Established in 2002, Alliance Benefit Solutions designs ...
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Secura Insurance Implemented Cover-All's New Commercial Auto to Boost Operational Efficies
Sep 20, 2013Secura Insurance, a regional property and casualty insurance carrier, has implemented Cover-All's new policy administration functionality and Commercial Auto, to boost operational efficiencies, improve risk selection, price based on ...
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IIABA Formed a Business and Technology Partnership Docusign
Sep 18, 2013The Independent Insurance Agents & Brokers of America (IIABA/The Big "I") has formed a business and technology partnership DocuSign, whereby the Big "I" will support DocuSign as the official eSignature platform for its more than 250,000 ...
Tags: Service
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Confie Seguros Reached a Definitive Agreement to Purchase The Retail Distribution
Sep 18, 2013California-based national insurance distribution company Confie Seguros has reached a definitive agreement to purchase the retail distribution arm of Affirmative Insurance Holdings, a non-standard personal automobile insurance policies ...
Tags: Confie Seguros, insurance
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Confie Seguros Buys a Privately Owned Independent Insurance Agency Economy Insurance Mart
Aug 12, 2013California-based personal lines insurance distribution company Confie Seguros has purchased a privately owned independent insurance agency Economy Insurance Mart of Spring Hill, for an undisclosed sum, to boost its existing footprint in ...
Tags: Insurance Mart, Confie Seguros
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Keystone Added Harbor Insurance Agency of Hopkinsville as Its New Franchise Partner
Aug 12, 2013Keystone Insurers has added Harbor Insurance Agency of Hopkinsville as its new franchise partner in Kentucky. Harbor Insurance Agency president Tim Murphy said "It represents a turning point for our organization in moving to the next ...
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Brown & Brown Completed The Earlier-Disclosed Acquisition of Beecher Carlson Holdings
Jul 5, 2013US-based independent insurance intermediary Brown & Brown has completed the earlier-disclosed acquisition of Beecher Carlson Holdings, an insurance and risk management broker. Earlier in May 2013, Brown & Brown signed an agreement to ...
Tags: Beecher Carlson, Brown&Brown
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Harford Mutual Selected Guidewire InsuranceSuite as Its New Platform for Rating
Jun 25, 2013Commercial insurer Harford Mutual Insurance Companies (Harford Mutual) has selected Guidewire InsuranceSuite as its new platform for rating, underwriting and policy administration, claims management, and billing. InsuranceSuite will help ...
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Lockton and SelectQuote Provide Its Clients a Private Insurance Exchange
May 29, 2013Employee benefits unit Lockton Benefit Group has joined hands with SelectQuote Benefit Solutions to provide its clients a private insurance exchange for retiree medical benefits, known as Lockton Select Marketplace. Lockton Benefit Group ...