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What Northeast Contractors Need to Know
Contractors and their work are vital to the nation’s economy. In 2024, the construction industry contributed approximately $2.2 trillion—around 4.5% of the nation’s GDP. With over 8.2 million employees, the sector is essential for job creation and economic growth. In the Northeast, where infrastructure projects, urban development, and historic renovations are common, construction plays an…

Tokio Marine launches climate risk platform
Fraser McLachlan, current chief executive of GCube, has been appointed chairman of TMGX. Ben Kinder, chief underwriting officer for marine, energy & renewables at Tokio Marine HCC International (TMHCCI), will serve as TMGX’s CUO in addition to his existing responsibilities at TMHCCI. Source link

Allianz lines up major acquisition – report
The potential acquisition aligns with Allianz’s strategic focus on expanding its private credit capabilities. Allianz Global Investors, the asset management arm of Allianz, has been actively enhancing its private credit offerings. In October 2023, AllianzGI launched the Allianz Core Private Markets Fund, a semi-liquid strategy providing professional investors access to a diversified portfolio across private…

King Risk Partners acquires Ricky Credille Insurance
Risky Credille Insurance has built a strong reputation over the past 25 years as a trusted provider of health insurance services across the Southeast, including Alabama, Kentucky, Mississippi and Tennessee. The agency’s focus on Medicare aligns with King Risk Partners’ strategy to enhance its offerings in this sector. Source link