C. Roy Bridges, Regional President of Brown & Brown, Inc. (NYSE:BRO – News) and Gerald L. “Jerry” Nies, President of Nies Insurance Agency, Inc. of Camas, Washington, today announced the acquisition of substantially all of the assets of Nies Insurance Agency, Inc. by Fullerton & Company, Inc., a subsidiary of Brown & Brown.
With annual revenues [...]
Brown & Brown, Inc. and Comcover Insurance Group, Inc., of Dania, Florida, today announced the consummation of the previously announced asset acquisition of Comcover Insurance Group, Inc. by Brown & Brown of Florida, Inc., a wholly owned subsidiary of Brown & Brown, Inc.
Comcover specializes in products and services tailored to clients in the wholesale, [...]
Thomas E. Riley, Regional President of Brown & Brown, Inc. and Anthony L. Johnson, President of Comcover Insurance Group, Inc., based in Dania, Florida, today announced that Brown & Brown of Florida, Inc., a subsidiary of Brown & Brown, Inc., and Comcover Insurance Group, Inc. have entered into an agreement for Brown & Brown [...]
Maiden Holdings, Ltd. that the Company will be participating in the 2009 Fox-Pitt Kelton Cochran Caronia Waller (FPK) Small & Mid-Cap Bank and Insurance Conference being held on June 18, 2009. The Conference will be held at the Roosevelt Hotel New York, located in mid-town Manhattan.
Maiden President and CEO Art Raschbaum is scheduled to present [...]
Max Capital Group Ltd. commented on today’s ruling by the Bermuda Supreme Court, in which the Court dismissed the application by Validus Holdings, Ltd. to convene a meeting of shareholders of IPC Holdings, Ltd. in connection with its “Scheme of Arrangement” to acquire all shares of IPC.
The ruling eliminates the uncertainty that had been introduced [...]
Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that the estimated total return on its overall investment portfolio, including unrealized gains and losses, for the quarter ended December 31, 2008 is positive 1.0% and for the year ended December 31, 2008 is negative 1.7%. The estimated total principal increase on its overall [...]
Max Capital Group Ltd. (NASDAQ: MXGL; BSX: MXGL BH) today announced that the estimated total return on its overall investment portfolio, including unrealized gains and losses, for the quarter ended December 31, 2008 is positive 1.0% and for the year ended December 31, 2008 is negative 1.7%. The estimated total principal increase on its overall [...]
High catastrophe losses and the continuing international credit crisis pushed property catastrophe rates up by 8 percent at the January 1, 2009, reinsurance renewals period, according to a briefing on global reinsurance market conditions published by Guy Carpenter & Company, LLC, the leading global risk and reinsurance specialist. Cats and Credit Push Prices Up: Global [...]
Kenneth D. Kirk, Regional President of Brown & Brown, Inc. David J. Thomsen, Chairman and Kathleen A. Wittau, President of Baker, Thomsen Associates Insurance Services, of Newport Beach, California, announce the asset acquisition of Baker, Thomsen Associates Insurance Services by a subsidiary of Brown & Brown, Inc.
Baker, Thomsen Associates Insurance Services, with annualized revenues [...]
Argo Group International Holdings, Ltd. an international underwriter of specialty insurance and reinsurance products in niche areas of the property and casualty market, announced today it is participating in the FBR Capital Markets 2008 Fall Investor Conference being held Dec. 2-3, 2008 at the Grand Hyatt New York.
Argo Group Chief Executive Officer Mark E. Watson [...]
