Tesla has officially established an insurance brokerage company in China, a significant move following its initial insurance venture in the United States.
Tag: insurance brokerage
Lockton Reports Fiscal Year ‘24 Consolidated Global Revenue of More than $3.5B and Organic Revenue Growth of 14%
Lockton, Inc., the world’s largest independent and privately held insurance brokerage, reported global revenue of $3.55 billion for its fiscal year ended April 30, 2024, compared to $3.09 billion in its previous fiscal year.
Aon Facing Client and Counterparty Action Over Vesttoo Linked LOCs
Insurance and reinsurance broking giant Aon has acknowledged that it is facing legal action over letters of credit (LOCs) related to the Vesttoo collateral investigation, but believes it has “meritorious defenses” in this case.
White Oak Sues Marsh for $143M Over Greensill Insurance
White Oak, a U.S. private finance group, is suing Marsh for $143 million in relation to its work for Greensill Capital, arguing the insurance broker failed to pass on crucial information regarding problems with the collapsed supply-chain finance firm’s insurance coverage.
Alliant Insurance Services’ Harrison Burka and Taylor Forst Win Business Insurance Break Out Awards
Harrison Burka and Taylor Forst of Alliant Insurance Services have won the prestigious Break Out Award from Business Insurance. The award recognizes up-and-coming insurance professionals who have exemplified outstanding knowledge, client-first service, and leadership. “Harrison and Taylor have led the way with a combination of entrepreneurial thinking and results-driven solutions,” said Tom Corbett, Chairman and… Continue reading Alliant Insurance Services’ Harrison Burka and Taylor Forst Win Business Insurance Break Out Awards
Alliant Insurance Services Grows Its Pennsylvania Team, Hires Mike Hiller
Alliant Insurance Services continues to expand its presence in Pennsylvania, hiring Mike Hiller as Senior Vice President. Hiller joins Alliant with more than 30 years of experience spanning the fields of underwriting, brokerage, and senior management. “Mike has consistently demonstrated strong leadership and innovative thinking; qualities that will play a critical role in the continued… Continue reading Alliant Insurance Services Grows Its Pennsylvania Team, Hires Mike Hiller
Buffett’s Berkshire Takes Stake in Aon, Slashes Chevron and Wells Fargo
Berkshire Hathaway Inc said on Monday it has taken a $943 million stake in insurance brokerage Aon Plc and sold large portions of its investments in Chevron Corp and Wells Fargo & Co. The changes were disclosed in a regulatory filing detailing Berkshire’s U.S.-listed holdings as of March 31. Berkshire also shed two smaller holdings… Continue reading Buffett’s Berkshire Takes Stake in Aon, Slashes Chevron and Wells Fargo
Aon Reports Fourth Quarter and Full Year 2019 Results
Aon plc today reported results for the three and twelve months ended December 31, 2019. Net income from continuing operations attributable to Aon shareholders in the fourth quarter was $374 million, or $1.58 per share, compared to $276 million, or $1.13 per share, in the prior year period. Net income per share from continuing operations,… Continue reading Aon Reports Fourth Quarter and Full Year 2019 Results
Acrisure and Tulco Unveil Altway Insurance, An AI-Based Insurance Brokerage
Top 10 global insurance broker Acrisure and leading investment company Tulco Holdings unveils Altway Insurance, a direct-to-consumer brokerage platform which is fully supported by artificial intelligence. Altway Insurance represents a unique blend of a world-class AI firm matched with an insurance broker with an equally world-class distribution network. Additionally, Google Cloud is working closely with… Continue reading Acrisure and Tulco Unveil Altway Insurance, An AI-Based Insurance Brokerage
Hub International Acquires the Assets of Illinois-based Premiere Risk Management
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Premiere Risk Management (PRM). Terms of the transaction were not disclosed. Located in the Chicagoland area, PRM is a full-service commercial insurance broker providing all lines of property and casualty coverage to the transportation industry. Its focus… Continue reading Hub International Acquires the Assets of Illinois-based Premiere Risk Management