Shelter Insurance Companies announced the organization of a new insurance subsidiary called American Shield Insurance. The company is being formed to assist diversification efforts and expansion into new operating territories. The company will sell a variety of insurance products through …
Lennox Investments LLC, an investment group focused on financial services businesses, announced plans to acquire Southport Re(Cayman) Ltd. (SPRC), a Cayman Island-domiciled property/casualty reinsurance company. Established in 2012, SPRC wrote approximately $32 million in gross premiums in 2013. SPRC focuses …
After rolling out their customer self-inspection app “Express Inspection” for insurance claims, OnSource continues to expedite the inspection process by releasing a version of the smartphone/tablet app for use by their field inspectors to easily perform photo and video inspections …
Wesfarmers Ltd. agreed to sell its insurance broking units to Arthur J. Gallagher & Co. for A$1.01 billion ($938 million) as the Australian conglomerate exits its insurance business. Wesfarmers expects pretax profit of A$310 million to A$335 million on the …
SMI President, Scott Crennan, announced the debut of a new company, Disaster Recovery Services (DRS). After Hurricane Sandy in late 2012, much of the Northeast’s retail stores were severely damaged from water, fire, smoke and mold. SMI’s disaster recovery services …
Texas Gov. Rick Perry joined GEICO’s Chairman Tony Nicely and Berkshire Hathaway’s Chairman and CEO Warren Buffett today to celebrate the grand opening of GEICO’s new claims operation. The new 138,000-square-foot office, is located at 21420 Merchants Way in Katy, …
Mercury Insurance announced that its homeowners insurance rates for Pennsylvania residents will be reduced by an average of 10 percent. The reduction applies to new customers immediately and policy renewals beginning April 9, and will save Mercury policyholders about $150 …
LWG Consulting announced the launch of their new Mexico subsidiary, operating as LWG Consulting Mexico, S.A. de C.V, based in Mexico City. The new location will focus on providing property loss investigation, failure analysis/damage assessment and litigation support to insurance …
GEICO has put up a big “Help Wanted” sign at its Macon, Ga., office in order to hire new associates to keep up with the company’s strong policyholder growth. The Macon office, which already employs more than 5,400 associates, has …
Atlanta-based independent claims adjusting firm Engle Martin & Associates Inc. has acquired Totura & Co., a regional claims adjusting firm based in Fort Lauderdale, Florida. Terms were not disclosed. John Quinn, president and CEO of Engle Martin said the deal …