Amwins, a global distributor of specialty insurance products and services, announced its acquisition of Worldwide Facilities, the fourth-largest wholesale broker in the U.S to expand its offerings to provide a wider variety of unique, specialty insurance solutions to its retail clients. With a flurry of mergers and acquisitions in the specialty insurance space, Amwins states […]
The Hudson Insurance Federation of New Jersey, Inc., (HIF) has formally announced its establishment as the newest New Jersey-based trade association. HIF consists of members across all segments of the insurance industry including property-casualty, life-health, brokers and agents, regulators, and compliance professionals. HIF’s co-founders include James M. Burns, a partner at Genova Burns LLC, and […]
The Independent Insurance Agents & Brokers of America (the Big “I”) is grateful for the reintroduction of the “Main Street Tax Certainty Act” in the U.S. House of Representatives by Reps. Jason Smith (R-Missouri) and Henry Cuellar (D-Texas) and in the U.S. Senate by Sen. Steve Daines (R-Montana). The legislation would make permanent a 20% […]
The Big “I” presented Greg Murphy, executive chairman of the board of directors for Selective Insurance Group, Inc., with the Jeff Yates Lifetime Achievement Award. The Jeff Yates Lifetime Achievement Award, named in honor of former Big “I” CEO Jeff Yates, recognizes individuals beyond the agent community who contribute to the vitality and strength of […]
Summit, New Jersey–Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, announced the promotion of Susan Preston to Vice President, Director of Program Development for SPG. Susan has been President of Professional Program Insurance Brokerage in Novato California since 1993. She has put more than 15 programs together over […]
SiriusPoint Ltd. (NYSE: SPNT) (“SiriusPoint” or the “Company”), an international specialty insurance and reinsurance company, has launched with over $3 billion in initial capital. The Bermuda-based Company has been formed as the result of the previously announced merger between Third Point Reinsurance Ltd. (NYSE: TPRE) (“Third Point Re”), a specialty reinsurer, and Sirius International Insurance […]
The Big “I” presented William “Bill” E. Harrison Jr., chairman of the Big “I” Reinsurance Company, with the Woodworth Memorial Award at the Big “I” virtual Board of Directors meeting on Jan. 28. The Woodworth Memorial Award recognizes individuals who serve the insurance industry and the Big “I” with uncommon dedication. It is the association’s […]
Jodie A. Papa, the Manager of National Fire Adjustment Co., Inc. headquarters office located in Buffalo, New York has been elected as National President o the National Association of Public Insurance Adjusters (NAPIA) which was established in 1951 to promote a higher standard for policyholder advocacy. Ms. Papa worked her way up the ladder with […]
With economies contracting and unemployment rising, credit risk has moved to the top of the risk management agenda, according to Deloitte’s biennial survey on the state of risk management in the financial services industry globally. Twenty percent of the chief risk officers at financial institutions surveyed identified it as the No. 1 risk they see […]
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