business moves News

CoreLogic Launches Flash Flood Risk Score

CoreLogic, a global property information, analytics and data-enabled services provider, announced the launch of the CoreLogic Flash Flood Risk Score, a new data analytics tool designed to inform insurers of the overall projection of flash flood risk beyond established Federal …

XL Group Builds Up Excess Casualty Team on East Coast

XL Group has enhanced its Excess Casualty team in New York and Atlanta to accommodate its continued growth and sharpened focus on target industries – real estate, hospitality, grocers, restaurants and retail. In New York, XL Group added Tiffani Ann …

Allied World Launches Property, Excess Casualty Lines for Canadian Market

Allied World Assurance Company Holdings, AG launched an initial property/casualty offering in the Canadian market. Gord Kerr, senior vice president, chief agent and branch manager, will oversee the build-out of these lines and will be responsible for production, profitability and …

SGI Funds License Plate Readers to Improve Road Safety

SGI is investing in technology to help improve road safety in Saskatchewan by funding automatic license plate readers for the RCMP and municipal police agencies. Automatic license plate readers use infrared technology to scan license plates and alert police when …

ABRA Acquires 24 Collision Centers of America Locations

ABRA Auto Body & Glass, a national damaged vehicle repair company, announced the purchase of all 24 Collision Centers of America repair centers in Chicago, Illinois, the surrounding communities, and Northwest Indiana. Terms of the deal were not disclosed. The …

Allied World Europe Launches Onshore Construction, Müller Appointed SVP

Allied World Europe launched a new onshore construction insurance line of business and named Alf Müller senior vice president of the team. He will be responsible for building the line of business and developing a comprehensive onshore construction product suite. …

VRS VeriClaim to acquire Ellis May

T&H Global Holdings, a provider of specialized insurance claims services to insurance carriers, insurance brokers, corporations and public entities, announced that its VRS VeriClaim UK Ltd. subsidiary acquired Ellis May Chartered Loss Adjusters, a provider of high net worth and …

ING to Sell $1.8B Stock in Insurance Arm

ING Groep NV, the Dutch bank and insurance company, has struck a deal to sell $1.8 billion (1.28 billion euros) worth of shares in its insurance arm to Asian investors later this year. The European Commission has instructed ING to …

Great American Insurance Rolls Out Oklahoma Workers’ Comp Option

Cincinnati, Ohio-based Great American Insurance Group has launched an Oklahoma Option Employers Indemnity policy. The new coverage, offered through its Employer’s Comp Associates (ECA) Division, is available to any employer in Oklahoma who qualifies to opt out of the state’s …

ACE Completes Majority Stake Acquisition in Thai Insurer

ACE Limited announced that the company and its local partner have acquired a 60.9 percent stake in The Siam Commercial Samaggi Insurance PCL, a general insurance company in Thailand, from Siam Commercial Bank. Established in 1947 and listed on the …