Insurance industry representatives said President Obama's new effort to tax insurers who cede premiums to overseas affiliates is far tougher than previous proposals aimed at low-tax offshore havens.

Brown & Brown insurance brokerage said it has acquired the property and casualty business assets of Insurance Exchange Inc. of Albuquerque, N.M. Financial terms were not released.

MajescoMastek has announced its STG Billing solution has been recognized as the most widely

C.V. Starr & Company (California) announced that Michael Garrison, a senior vice president with another branch of the parent firm, has been appointed its president and chief executive officer.