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The Standard finalizes Allstate voluntary benefits acquisition
The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. Source link
Insurance moves: CRC Group, King Risk, AmTrust, Lockton, Sompo and Canopius
They includes a new COO and a new chief marketing officer Source link
Geico signs multi-year lease in Tampa
The insurer, part of Berkshire Hathaway Insurance Group, currently employs nearly 3,800 workers across Florida, primarily in Jacksonville and Lakeland. Geico said the expansion is part of its ongoing commitment to modernize operations and grow its business. Source link
Gallagher grows Central US benefits presence with key deal
Additionally, Gallagher expanded its presence in the Southeast by acquiring Sheila J. Butler & Co., a Georgia-based employee benefits firm. The firm, with over 25 years of experience, continues to operate from its Carrollton, Georgia location under Gallagher’s Southeast region employee benefits consulting operations. Source link
Markel reports Q1 hit
Insurance strength and reserve trends helped balance out headwinds Source link
APCIA eyes legal reform to cut insurance costs
Testifying before the Senate Committee on Banking, Housing, and Urban Affairs, Robert Gordon, senior vice president of policy, research, and international at the American Property Casualty Insurance Association (APCIA), outlined how legal system abuse and excessive litigation have added financial pressure to the insurance sector. Source link