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Sutherland expands insurance, litigation practice in New York By IBR Staff Writer
Sutherland Asbill & Brennan has appointed Ellen Dunn to serve its litigation group in New York as a part of firm’s continued insurance practice expansion.
Intermediaries > Brokerage > News
Towers Watson to purchase Extend Health By IBR Staff Writer
Towers Watson has struck a deal with US based Medicare insurer Extend Health to acquire the firm for about $435m in cash, less net debt and certain transaction costs.
Intermediaries > Brokerage > News FSA fines, bans Scottish broker for insurance fraud By IBR Staff Writer
The Financial Services Authority (FSA) has fined Scottish insurance broker Donald McKee Morgan, a partner of Donald Morgan Insurance Services (DMIS), GBP335,204 for committing insurance fraud.
Intermediaries > Brokerage > News
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L&G appoints new chief executive officer
11 May 2012 | By IBR Staff Writer
Legal & General, a UK based provider of risk, savings and investment management products has appointed its chief financial officer Nigel Wilson to succeed Tim Breedon as the new chief executive of the company from 30 June 2012.
Intermediaries > Brokerage > News
Oak Street Funding, OPTIS enter referral partnership
09 May 2012 | By IBR Staff Writer
Oak Street Funding has signed an agreement with OPTIS Partners to provide new funding options to OPTIS clients who require capital to buy, build or sell their agencies.
Intermediaries > Brokerage > News
US Treasury to sell $5bn AIG shares
08 May 2012 | By IBR Staff Writer
The US Department of Treasury is planning to sell $5.8bn worth of its shares in American International Group (AIG), further reducing ownership stake to 61% from 70%.
Intermediaries > Brokerage > News
Jacada extends material service, solution support agreement
04 May 2012 | By IBR Staff Writer
Jacada, a provider of customer service experience and interaction optimization solutions, has extend its agreement with an undisclosed US provider of health insurance products and services.
Intermediaries > Brokerage > News
Arthur J. Gallagher Q1 net income up
02 May 2012 | By IBR Staff Writer
Arthur J. Gallagher & Co. has reported a net income of $28.1m, or $0.24 diluted earnings per share, for the first quarter of 2012, compared to $15.2m, or $0.14 diluted earnings per share, for the same period in 2011.
Intermediaries > Brokerage > News
Aquarium introduces new pet software project
02 May 2012 | By IBR Staff Writer
Aquarium Software has introduced a new software project intended specifically for the pet insurance sector.
Intermediaries > Brokerage > News
W. R. Berkley names new vice president-chief compliance officer
01 May 2012 | By IBR Staff Writer
W. R. Berkley has appointed Scott Mansolillo as vice president –chief compliance officer, to provide technical expertise and advice on a consultative basis to the firm's operating units.
Intermediaries > Brokerage > News
FMMIC selects Insuresoft the Diamond Suite
01 May 2012 | By IBR Staff Writer
West Virginia-based Farmers and Mechanics Mutual Insurance Insurance Company (FMMIC) has signed an agreement with Insuresoft to implement its Diamond Suite.
Intermediaries > Brokerage > News
The Hartford signs agreement with Forethought
27 April 2012 | By IBR Staff Writer
The Hartford has entered into an agreement with Houston-based Forethought, according to which Forethought will purchase The Hartford’s Individual Annuity new business capabilities for an undisclosed amount.
Intermediaries > Brokerage > News
WTCI names new assistant vice president
25 April 2012 | By IBR Staff Writer
Wholesale Trading Co-Op Insurance Services (WTCI) has appointed Jeffrey Jamison as assistant vice president and will be based in New York City.
Intermediaries > Brokerage > News
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