Size matters, according to a new report on the insurance brokerage market by Advisen Ltd. As a result, the frenetic pace of consolidation in the brokerage sector will be only temporarily slowed by the global economic recession.
“Large brokers enjoy certain advantages of scope and scale,” said John Molka III, the author of the report. “At [...]
As a result of the development of a new long-range plan for 15-year-old Intercare Holdings Insurance Services, the firm’s senior management team has announced a series of strategic moves that have focused the Roseville-based company on its core competencies.
CEO George “Mac” McCleary detailed the plan, highlighting the divesture of an insurance brokerage operation and other [...]
Extend Health announced that Richard Wheeler, former managing partner of Prescription Benefits, Inc., and Cathy Donahoe, former Director of Human Resources at Omniture, Inc., are joining Extend Health’s executive management team. Mr. Wheeler joins Extend Health as Senior Vice President for Public Sector Accounts. Ms. Donahoe joins as Vice President of Human Resources. Commenting on [...]
CS STARS LLC, the industry’s leading provider of risk management technology, announced that it has formed a strategic alliance with Gould & Lamb, a nationally acclaimed provider of Medicare Secondary Payer (MSP) compliance services and Mandatory Insurer Reporting (MIR) compliance.
Through its strategic alliance with Gould & Lamb, CS STARS now offers an end-to-end solution for [...]
PRNewswire For the third straight year, ProAssurance Corporation has been recognized by The Ward Group as one of the 50 top performing property/casualty insurance companies in America.
The Ward Group identified the best performing property-casualty insurance companies in America by analyzing the financial performance of more than 3,000 insurance companies during the years 2004 to [...]
Hughes Insurance, the largest independent broker for car insurance in Northern Ireland, has recorded a number of incidents where motorists have had their insurance policy renewal declined by their existing provider. The incidents indicate that certain insurance providers are ‘redlining’ specific areas in Northern Ireland – including Newry.
‘Redlining’ is the practice of denying services, such [...]
Drivers under 21 are frequently horrified by the huge premiums quoted by insurance companies when they buy their first car. A 17 year old male driver will pay up to nine times more than a 25 year old to insure a similar car, in the same post code area; and fourteen times more than a [...]
Fitch Ratings has affirmed its ratings on Flagstone Reinsurance Holdings, Ltd. and subsidiaries (collectively Flagstone) and removed the ratings from Rating Watch Negative. The Rating Outlook is Stable. (A full list of ratings is included at the end of this release.)
Fitch’s rating actions reflects its view that Flagstone is no longer actively pursuing the [...]
Olympus Managed Health Care Inc., a leading provider of health care claims administration and cost containment services, announced today that Steve Stoute, a veteran insurance industry executive, has been appointed to the company’s Board of Advisors. The Board establishes and manages the strategic direction of the company.
Stoute brings nearly 50 years of insurance industry experience [...]
challenging economy and fast-changing marketplace, the accounting industry faces significant change in the way it promotes products and services. To address this challenge, the National Association of State Boards of Accountancy, Inc. (NASBA) is featuring marketing sessions and special breakfast presentations on social media and business development at its National CPE Expo on September 21-23, [...]
