Archive for November 2015

Ryan Specialty Group (RSG), the Chicago-based global specialty insurance services business, has reached an agreement to acquire Hunter George & Partners Ltd., the London-based specialist managing general agent (MGA) focused on insurance solutions for mergers and acquisitions. Hunter George founders … Read More Read more here:: Insurance Journal       

Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has named Rani Christie as head of global partnerships, effective Jan. 1, 2016. In this position, Christie will be responsible for global broker partnerships and general oversight of major … Read More Read more here:: Insurance Journal       

Insurance software maker Ebix Inc said it made a takeover approach for Xchanging Plc, valuing the outsourcing company at about 450 million pounds ($684 million). Ebix said it sent a letter to Xchanging outlining a potential cash offer for the … Read More Read more here:: Insurance Journal       

Long-time Chubb Insurance executive Dino E. Robusto will become chairman and chief executive officer of CNA Financial Corp. in December 2016. Robusto, who is executive vice president of Chubb and president of commercial and specialty lines, will succeed Thomas F. … Read More Read more here:: Insurance Journal       

Ernst & Young LLP was found liable by a jury for its failure to vet financial audits backed by con man Bernie Madoff’s accountant in the first trial of an auditor over losses tied to the biggest Ponzi scheme in … Read More Read more here:: Insurance Journal       

By Chris Burand Agency prices are likely at all-time highs, albeit only a handful of very specific buyers are paying such high prices. They are setting the mark making acquisitions unaffordable for many regular agencies that do not have Wall Street money or … Read More Read more here:: Insurance Journal       

The fraternity that was the focus of a debunked Rolling Stone article about a gang rape filed a $25 million lawsuit against the magazine Monday, saying the piece made the frat and its members “the object of an avalanche of … Read More Read more here:: Insurance Journal       

XL Catlin’s North America Property business has expanded its North America underwriting team responsible for its monoline equipment breakdown insurance. XL Catlin’s Equipment Breakdown team’s new underwriting recruits include: Amanda Hernandez in San Francisco – Hernandez has more than a … Read More Read more here:: Insurance Journal       

U.S. Rep. Chris Gibson, R-N.Y., formally requested New York State Comptroller Thomas P. DiNapoli investigate the state Department of Financial Service’s oversight of the failed Health Republic insurance co-op. State and federal regulators decided to close Health Republic, a not-for-profit … Read More Read more here:: Insurance Journal