Illinois- based Arthur J. Gallagher& Co. has acquired Riley& Associates Inc., a property/casualty retail insurance broker in Mt. Pleasant, S.C. The move expands its presence in the Palmetto State. Riley& Associates will add to Arthur J. Gallagher’s existing office in Charleston, Arthur J. Gallagher said in a statement.
Newswires
Mr. Bredahl joined Aon Benfield through Aon’ s acquisition of Benfield PLC, a London headquartered reinsurance broker. At Benfield, Mr. Bredahl was CEO of Benfield U.S. and CEO of Benfield Advisory.
A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating of B++ and issuer credit rating of“ bbb” of Bremen Farmers Mutual Insurance Company.
THE STATUS OF a $250.8 million tax credit award to Prudential Financial Inc. is unclear, as the insurance giant has publicly said it’s considering multiple sites in Newark to build a new headquarters property, though its application identifies a Center Street address near the New Jersey Performing Arts Center.
A high-rise apartment tower in Chicago partly owned by Newport Beach- based Pacific Life Insurance Co. is close to being sold, while another area complex it owns has been pulled off the market, according to local reports.
It gets those credits if it builds a new headquarters in Newark and creates 400 jobs, both conditions the insurance giant says it’s prepared to meet.
EPIC Programs Group, a managing underwriter and program administrator providing leading-edge risk management and insurance solutions nationally, announced that they have expanded the menu of coverage available in their newest program for Pizza Restaurants and Delivery Operators…
The likely record insurance losses associated with the wreck of the Carnival Corp. cruise ship Costa Concordia off the Italian coast on Jan. 13 will have an effect on the global protection & indemnity marine insurance market on the liability side, while the property claims are expected to carry through to London market reinsurers…
Tim Johnson, D- S.D., said in Aberdeen on Thursday. Johnson spoke to a handful of invited guests from the agriculture sector during a listening session at the South Dakota Wheat Growers offices. Congress has to keep a safety net in place for farmers even though some in Congress might try to restructure and even make cuts to the farm insurance program, Johnson said.
A.M. Best Co. has withdrawn the financial strength rating of A and issuer credit ratings of“ a” of Harleysville-Atlantic Insurance Company and Harleysville Insurance Company of Ohio, following their December 31, 2011 merger with and into Harleysville Worcester Insurance Company.
New York Life Insurance Company, America’ s largest mutual life insurer, announced the re-organization of the company into two major business units: the Insurance Group and the Investments Group…
A.M. Best Co. has withdrawn the financial strength rating of A and issuer credit ratings of“ a” of Harleysville-Atlantic Insurance Company and Harleysville Insurance Company of Ohio, following their December 31, 2011 merger with and into Harleysville Worcester Insurance Company.
CHICAGO, Jan. 20, 2012/ PRNewswire/– Zacks Equity Research highlights Western Union Co. as the Bull of the Day and ICICI Bank Ltd. as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Caterpillar Inc., Joy Global Inc. and CNH Global NV.
InVEST, the insurance industry’s premier classroom to career education program, recently announced that Jeremy Chaseley has joined its national board.
Argo Group International Holdings, Ltd. announced today that it expects to report in its 2011 fourth quarter results its estimate for pre-tax catastrophe losses from the severe flooding in Thailand of approximately $25 million to $35 million, net of reinsurance and reinstatement premiums. ABOUT ARGO GROUP INTERNATIONAL HOLDINGS, LTD..
Tenet Healthcare cuts deal with Illinois insurer as Missouri talks sputter [St. Louis Post-Dispatch]
Jan. 20– Tenet Healthcare Corp. has signed a multiple-year agreement with Blue Cross Blue Shield of Illinois, but two of Tenet’s hospitals in the St. Louis area are still struggling to renew their contracts with WellPoint health plans in Missouri.
Aon Corporation, the global leader in risk management and human resource consulting, today said it has reached an agreement with La Caixa and Banca March and has acquired 80 percent of GDS insurance broker, with an option to purchase the remaining shares at a future time.
Hub International Limited, a leading insurance brokerage firm, announced today that Scott Rouzer has joined the organization as Vice President, Marketing. Scott will report to Kirk James, Chief Operating Officer of Hub, and will be based in Chicago, Hub’ s corporate headquarters.
