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Category: Insurance Journal

Texas Stock Exchange to Open Temporary Dallas HQ Next Year
Insurance Journal | December 10, 2024
Texas Stock Exchange to Open Temporary Dallas HQ Next Year
The Texas Stock Exchange is getting ready to plant its flag in the Dallas real estate market. The upstart bourse backed by investors including BlackRock Inc. and Citadel Securities will open a temporary headquarters this spring at the Weir’s Plaza …
Specialist Risk Group Buys UK Broker R3 in Its 11th Acquisition of 2024
Insurance Journal | December 10, 2024
Specialist Risk Group Buys UK Broker R3 in Its 11th Acquisition of 2024
Specialist Risk Group (SRG), the London-based insurance intermediary backed by Warburg Pincus and Temasek, announced the acquisition of specialist insurance broker, R3. R3 is SRG’s 11th acquisition in 2024, following previous acquisitions which include Stonehatch, Capulus, and Anthony James Insurance …
Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR
Insurance Journal | December 10, 2024
Bridge Specialty Group Acquires Assets of Wisconsin’s ARMR
J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), and David Dybdahl and Cynthia Statz, owners of American Risk Management Resources Network, LLC (“ARMR”), announced that a Bridge Specialty Group company and subsidiary of Brown & Brown, …
NFP Expands Presence in Texas With Acquisition of Capstone Strategies
Insurance Journal | December 10, 2024
NFP Expands Presence in Texas With Acquisition of Capstone Strategies
NFP announced the acquisition of Capstone Strategies, LLC, a P&C and benefits broker located in Midland, Texas. Capstone Strategies founders Blake Johnston and Brandon Sheppard will join NFP as senior vice presidents, reporting to Amanda Ruback, P&C managing director in …
North Carolina Town Sues Duke Energy Over Climate Crisis
Insurance Journal | December 10, 2024
North Carolina Town Sues Duke Energy Over Climate Crisis
A town in North Carolina sued utility firm Duke Energy DUK.N on Wednesday, accusing the company of deceiving its customers and the broader public about the harms of climate change. The town of Carrboro, about 30 miles from the state …
Economic Threats Top of Mind for US Business Leaders
Insurance Journal | December 10, 2024
Economic Threats Top of Mind for US Business Leaders
Economic downturn, labor shortages and inflation top the list of concerns for business leaders globally, according to the World Economic Forum’s 2024 Executive Opinion Survey, released by strategic partners Marsh McLennan and Zurich Insurance Group. Poverty and inequality ranked fourth …
US Small-Business Optimism Soars to Three-Year-High After Trump Win
Insurance Journal | December 10, 2024
US Small-Business Optimism Soars to Three-Year-High After Trump Win
US small-business optimism surged in November to a more than three-year high in anticipation of more favorable economic policies after Donald Trump sealed his return to the White House. The National Federation of Independent Business optimism index jumped 8 points, …
Trucordia Acquires Business of Virginia’s Archibald Insurance
Insurance Journal | December 10, 2024
Trucordia Acquires Business of Virginia’s Archibald Insurance
Utah-basrd insurance broker Trucordia has acquired the insurance business of Archibald Insurance, an agency with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers personal and commercial insurance. By joining Trucordia, the Archibald team seeks to access expanded …
Sloop to Take Over for Drinkwater as Amwins President
Insurance Journal | December 10, 2024
Sloop to Take Over for Drinkwater as Amwins President
Ben Sloop is set to take over as president of Amwins Group at the start of 2025, the wholesale brokerage said. Sloop succeeds James Drinkwater, who has been with Amwins since 2004 and has served as president since 2018. He …
Allianz Raises Financial Targets for Next Three Years
Insurance Journal | December 10, 2024
Allianz Raises Financial Targets for Next Three Years
Allianz, one of Europe’s biggest insurers, has raised its three-year financial targets after outperforming its key goals for this year, the company said on Tuesday. Shares in Allianz fell 1.3% by 0832 GMT. The operator of the PIMCO brand sees …