Commercial
Broker consolidator Hub International Ltd. (TSE, NYSE: HBG) has acquired a new Kentucky unit through its Hub International Midwest “hub” operation. Purchased is Madisonville, Kentucky-based brokerage Wilson & McPherson Inc.Wilson & McPherson, more than 135 years old, is focused on mid-size commercial clients, bringing in revenue of about US$500,000 annually. The brokerage will remain in […]
By Canadian Underwriter | April 3, 2003
1 min read
Broker network consolidator Hub International Ltd. (TSX: HBG) has acquired the assets of Manhattan, New York-based Waldron Mahoney Inc. for an undisclosed cash sum through the group’s Kaye Insurance Associates Inc. Waldron specializes in serving the insurance needs of high-net worth individuals and mid-sized commercial accounts, generating about US$700, 000 in annual revenue.Wright Olney, founder […]
By Canadian Underwriter | March 2, 2003
Michigan, U.S.-based Burnham Insurance Group Inc., a regional group operation of broker network consolidator Hub International Ltd. (TSX: HGB), has acquired Alberts Insurance Agency Inc. for an undisclosed cash sum. Alberts is located in southwestern Michigan.A Hub media statement notes that Alberts generates about US$325,000 in annual revenue, primarily through small to mid-sized commercial insurance […]
By Canadian Underwriter | January 30, 2003
In the May 2002 Statistical Issue, the incorrect logo was placed with 2001 statistics for London Guarantee. CU apologizes for any confusion the error may have caused.
August 31, 2002
The U.S. Senate’s plan for a government terrorism reinsurance backstop would cost less than the House’s “loan” scheme proposal, says a new study by Tillinghast-Towers Perrin (TTP), commissioned by the American Insurance Association. The Washington-based association, which represents more than 410 U.S. p&c insurers, asked for a comparison of Senate bill S2600 and House bill […]
By Canadian Underwriter | August 6, 2002
2 min read
July 31, 2002
While Manitoba’s brokers may not be dealing with the same rate hikes being experienced in other provinces, thanks to Manitoba Public Insurance’s (MPI) recent application to hold the line on rates for 2003, it will nonetheless be a busy year for incoming broker association president Melody Terin. Following the annual convention of the Insurance Brokers […]
June 30, 2002
The March 2002 edition of CU improperly referenced the Insurance Brokers Association of Canada. CU apologizes for the error.
March 31, 2002
The January 2002 edition of CU contained an error. OIAA president Louise Rivett is not a member of the CICMA.
February 28, 2002
Approximately 600 insurers represented by the American Association of Insurance Services (AAIS) have begun filing endorsements excluding terrorism cover from commercial policies. AAIS president Paul Baiocchi says the filings are being made countrywide as an immediate step in reaction to an anticipated broad withdrawal of reinsurance cover as from the beginning of next year. "These […]
By Canadian Underwriter | November 14, 2001
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