BCAA

Gallagher | March 03, 2020

Global insurance brokerage, risk management and consulting services firm Arthur J. Gallagher & Co. has announced its acquisition of wholesale insurance broker CMS, LLC. Based in Melville, NY, CMS is a full-service wholesale broker working with agents across the United States. The team specializes in placing coverages for construction, importing, wholesaling/distributing, manufacturing, and real estate businesses, as well as personal lines. CMS president and chief executive officer Scott Char...

Genstar Capital | March 30, 2020

Private-equity firm Genstar Capital has announced that it has partnered with insurance industry executives to establish Obsidian Insurance Holdings, a new fronting insurance holding company, with $100 million of capital. Obsidian’s insurance carrier subsidiary, Obsidian Insurance Company, has a financial strength rating of A- from AM Best to issue policies underwritten by managing general agents, managing general underwriters and program managers. Obsidian will source, underwrite, and mana...

TRISTAR Insurance | January 16, 2020

TRISTAR Insurance Group – a major, privately-owned independent third-party claims administrator in the US – has agreed to acquire Aspen Risk Management Group. A release said that the transaction was expected to close yesterday - January 15, 2020. TRISTAR believes the move is “a significant step forward in establishing a strategic presence in the loss control and workplace safety market.” Following the transaction, all Aspen employees will continue to operate out of their ...

Core Insurance

Yum China Holdings, Inc. | November 26, 2021

Yum China Holdings, Inc. (the "Company" or "Yum China",NYSE: YUMC and HKEX: 9987) announced at its 2021 Restaurant General Managers ("RGMs") Convention, held virtually, that it will offer enhanced medical insurance coverage of up to RMB 1 million to each of its approximately 10,000 RGMs. The Company will also increase critical illness insurance coverage for family members of qualified RGMs to RMB 200,000. As one of the most extensive employee benefits plans in the i...