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Munich Re’s third-quarter profit improves

Munich Re reported a net result of €2 billion ($2.3 billion) for the third quarter, more than double its result for the same period last year, which was hit by heavy natural catastrophe losses. But group insurance revenue for the quarter was down 6.1%...

Alliant buys Texas brokerage – Business Insurance

Alliant Insurance Services announced Tuesday that it has acquired Highpoint Insurance Group, a Friendswood, Texas-based brokerage. Terms were not disclosed. Highpoint specializes in providing insurance coverage for mid-sized businesses, including in the energy and construction sectors, and has 44 employees in the greater Houston area,...

Davies to acquire SCM – Business Insurance

Davies said Monday it agreed to acquire SCM Insurance Services, a claims processing and risk solutions company based in Toronto. Terms of the transaction were not disclosed. Davies will acquire SCM’s three operating businesses: ClaimsPro, a claims adjusting company; IPG, a third-party claims administrator; and...

Adam Balentine – Business Insurance

Marsh McLennan Agency, the small and mid-sized brokerage unit of Marsh, named Kansas City, Missouri-based Adam Balentine president of national business insurance. He succeeds Denise Perlman, who left the company to join Aon earlier this year. Previously, Mr. Balentine was national director of commercial lines...

Marsh McLennan Agency names exec

Marsh McLennan Agency, the small and mid-sized brokerage unit of Marsh, announced Friday it appointed Adam Balentine, formerly a commercial lines leader at Risk Strategies, president of national business insurance. He succeeds Denise Perlman, who left the company to join Aon earlier this year. Mr....