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The Insurance Library Association of Boston Names Tetrault Executive Director
The Insurance Library Association of Boston has named Paul Tetrault as its executive director. Tetrault, an attorney and former editor of The Standard, New England’s Insurance Weekly, has more than 25 years of experience serving the insurance industry in various …

POSTED DECEMBER 12, 2018 2:02 PM
Kaplansky Insurance Acquires Massachusetts’ Burak Insurance
Kaplansky Insurance, an independent, Needham, Mass.-based agency, has acquired Burak Insurance, located in Canton, Mass. The addition of Burak marks Kaplansky Insurance’s 31st overall acquisition and its fourth for 2018. The agency currently operates 12 locations throughout Massachusetts. Founded in …

POSTED DECEMBER 12, 2018 1:58 PM
93 Connecticut Educators File Claims Over Mold-Related Ailments
More than 90 educators in a Connecticut school district have filed workers’ compensation claims over mold-related ailments. The Advocate reports that 93 staff members at six public schools in Stamford filed claims saying they became ill because of mold problems. …

POSTED DECEMBER 12, 2018 1:52 PM
Massachusetts Lawmakers Eye Action on Natural Gas Safety Bill
Top Statehouse Democrats say they’re hoping to pass legislation aimed at improving natural gas infrastructure safety before the end of the year. Republican Gov. Charlie Baker filed the bill. On Monday, he met with Senate President Karen Spilka and House …

POSTED DECEMBER 12, 2018 1:49 PM
Gallagher Buys IBS Re Singapore, 40% Stake in Indonesia’s IBS Insurance Broking
Arthur J. Gallagher & Co. announced it has acquired a 40 percent equity stake in Indonesian insurance broker and risk management services provider PT IBS Insurance Broking Service, as well as 100 percent of reinsurance broker, IBS Re Singapore. Other …

POSTED DECEMBER 12, 2018 11:37 AM
Starr Insurance Cos. Expands Aviation Insurance Operations to Brazil
Starr Insurance Cos. announced that Starr International Brasil Seguradora S.A. has been granted a local license to offer aviation insurance. “We are thrilled to be adding aviation capability in an important, growing economy like Brazil,” said Steve Blakey, president and …

POSTED DECEMBER 12, 2018 10:27 AM
Brit Partners with Schillings Critical Risk to Create Kidnap-for-Ransom Offering
Brit Ltd. announced it is partnering with Schillings Critical Risk to create a comprehensive kidnap-for-ransom offering. Extortion and kidnap for ransom are extreme and endemic risks for individuals and businesses operating in many countries around the world, said Brit, noting …

POSTED DECEMBER 12, 2018 10:04 AM
Florida-Based Broker Coin Re Taps Barbican’s Crichton as EVP in London
Florida-based catastrophe reinsurance broker COIN Re has appointed global property reinsurance professional Andy Crichton as executive vice president, effective Dec. 7, 2018. Crichton will be based in London, England, where he will manage COIN Re’s reinsurance marketing and placement strategy. …

POSTED DECEMBER 12, 2018 9:41 AM
SoftBank, Alibaba Lead $1.1B Investment in Indonesia E-Commerce Firm Tokopedia
SoftBank Vision Fund and Alibaba Group Holding Ltd. led a $1.1 billion investment in PT Tokopedia, a financing round that will help Indonesia’s biggest online marketplace venture beyond e-commerce into new areas such as air tickets and insurance. The company …

POSTED DECEMBER 12, 2018 9:06 AM
Brexit to Cause Irreversible Damage to UK Financial Services, Say Industry Leaders
Life in London’s financial district will appear little changed when Britain leaves the European Union on March 29, defying predictions of an exodus of high-flyers to rival centers like Paris, Frankfurt and Dublin. But as chaos reigns in Westminster, the …

POSTED DECEMBER 12, 2018 8:53 AM

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