WTW’s net Income for the first quarter of 2023 was $206 million, an increase of 65% compared to net income of $125 million in the prior-year first quarter.
Tag: P&C
Harford Mutual Insurance Group Announces Merger Plan with ClearPath Mutual
Harford Mutual Insurance Group announces its plan to merge into the Group, ClearPath Mutual Insurance Company, a monoline workers’ compensation carrier in Louisville, Kentucky.
U.S. Risk Insurance Group Finalizes Sale to USI Insurance Services
U.S. Risk Insurance Group (U.S. Risk), one of the nation’s largest property and casualty program and specialty brokerage firms, today announced the completion of its previously announced agreement to be acquired by USI Insurance Services (USI), a leading insurance brokerage and consulting firm. Terms of the transaction were not disclosed. U.S. Risk will maintain its… Continue reading U.S. Risk Insurance Group Finalizes Sale to USI Insurance Services
PE-Backed EPIC Buys Insurance Broker Integro
EPIC Holdings, Inc. today announced an agreement to acquire Integro Holdings Inc., which houses substantially all of the U.S. operations of Integro Group Holdings, LP. Founded in 2005, Integro has built a highly successful specialty insurance brokerage and consulting business in the U.S. with revenue in excess of $150 million. Financial terms of the proposed… Continue reading PE-Backed EPIC Buys Insurance Broker Integro
AIG Sees Third-Quarter Catastrophe Losses of $1.5B to $1.7B
Insurer American International Group said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion. “These losses are largely associated with multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions to our loss estimates on the California mudslides,” AIG said… Continue reading AIG Sees Third-Quarter Catastrophe Losses of $1.5B to $1.7B
HUB International Acquires California-Based Liberty New Gate Insurance Services LLC
Hub International Limited (Hub), a leading global insurance brokerage, announced today that it has acquired the assets of Liberty New Gate Insurance Services, LLC (Liberty New Gate). Terms of the transaction were not disclosed. Headquartered in Watsonville, California, Liberty New Gate has more than 35 years of commercial insurance expertise, specializing in the agriculture and… Continue reading HUB International Acquires California-Based Liberty New Gate Insurance Services LLC