Independent reinsurance broker BMS Re has announced the completion of its accusation by Trean Intermediaries, a US-based reinsurance broker and services company. The acquisitions strengthen BMS Re’s geographic presence in the U.S., which is a crucial growth area with its…
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Liberty types new executive board member
Insurance broker company Liberty announced that Martin Loth had joined the company as an executive board member. Martin had worked as president and CEO of BB&T service California for 13 years until his retirement in He has more than 35…
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The Bermuda Monetary Authority fined Allianz.
Allianz life Bermuda Limited has been fined $ 1.7m by Bermuda Monetary Authority (BMA) for significant branches of anti-money laundering and Anti-terrorist financing regulation and its go into liquidation. The Bermuda Monetary Authority (BMA) cited the insurance’s significant branches as…
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Kraft Heinz to practice Aon investment services for liable
Aon has been elected to provide its new enterprise service for captive insurers to the Noble Insurance Company DAC, the Ireland-based accountable insurer of food and beverage giant Kraft Heinz. Aon struggles with Goldman Sachs to deliver the service, which…
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Gallagher increases aerospace abilities with a veteran adviser
Gallagher has enrolled developed legal and aviation expert Nick Hughes for its global aerospace exercise. According to the international brokerage, Hughes will fund client-facing teams by giving legal input to complex insurance coverage, statements and contractual issues. He will also…
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RAW Insurance Brokers declares development plan
Carlisle-based RAW Insurance Brokers is unlocking a south Cumbria office later this year and has called the person to lead the unit. Three-decade business veteran Russell Linton has united the business to head the operations in Kendal, South Lakes, Ulverston,…
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Blythin & Brown Insurance Brokers gets new holders
Blythin & Brown Insurance Brokers in Leicestershire has been snapped up by administrators and longstanding senior administration team members Jonathan Blythin and Richard Picton. Stimulated with the assistance of a Shawbrook Bank commercial loan, terms of which were not revealed,…
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Federal agency recommends FEMA review mandatory for flood insurance requirements
The US Government Accountability Office (GAO) – an impartial government audit mechanism – has released a new report, which proposes that the Federal Emergency Management Agency (FEMA) reconsider the mandatory purchase requirements of the National Flood Insurance Program (NFIP). The…
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Renaissance reveals vendor’s cyber violation
Renaissance Life & Health Insurance Company of America has declared openly that one of its third-party vendors, Secure Administrative Solutions (SAS), has encountered a data breach that may affect the privacy of some Renaissance customers’ health information. “We take this…
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Industry veteran retires from the Millers Mutual
Millers Mutual Insurance has declared that Scott A. Orndorff, vice chairman and chief consultant to the CEO, has retired. Orndorff spent seven years as president and CEO of Millers Mutual. Orndorff has spent 42 years in the business. He declared…
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