Contractors working overseas for the Department of State can expect big increases in their premiums upon renewal after the government found no insurers willing to take up the insurance program for non-government employees, says an executive with Marsh.
Merger and acquisition activity for insurance brokers remained busy through the month of June as Arthur J. Gallagher led the way announcing three acquisitions.
A decade ago, insurers and agencies jumped on the green bandwagon, certain that the sustainable trend would grow. But slow growth in a stagnant economy keeps them waiting for delivery on the promise.
National Alliance for Insurance Education & Research Elects Board Officers; The Main Street America Group Inducts 5 to 'Circle of Excellence'; Marsh & McLennan Acquires KSPH, HSB Introduces Freestyle Advantage Program
Marsh & McLennan Agency LLC, a subsidiary of insurance broker Marsh Inc., has acquired KSPH LLC, a $5-million-revenue, employee-benefits agency based in Glen Allen, Va.
With increased losses on their books, ample evidence exists that the double-digit decreases that insurers were routinely quoting customers on property and casualty accounts during the prolonged soft market are over. But the degree (how high will prices go?) and extent (how many lines of business will see a bump?)...
Insurance brokers say carriers are sending a clear message to themthey want to get rate where they can, but a weak economy and competitive pricing has them feeling glum about the prospects.
Two major global insurance brokers and an international insurer are using three different techniques to grow their businesses through relationships with smaller brokers and agencies.
News from Admiral Insurance Co., CIAB, Lockton, Data Risk, Overby-Seawell, Markel Specialty, Health Plan One, Marsh & McLennan, Greenwood International, Zurich, GCube Underwriting, RLI Corp., WKF&C, BMS Group and McGowan Cos.