FM Global opened the FM Global Learning Center in Norwood, Massachusetts. The 27,000-square-foot more than doubles the size of the company's Norwood training facilities, and incorporates active learning classrooms, technology-packed breakout rooms, interactive whiteboards, surface computing and 12 experiential SimZone Labs, including a warehouse and data center designed to replicate clients' properties.
Weather intelligence provider Baron announced its Baron Weather Data Archive, which gives insurers access to an archive of historical weather activity, from radar to value-added tornado, hail and roadway weather data, in order to properly assist customers before and after a weather event and protect against fraud.
Jacksonville, Florida-based workers' compensation services provider One Call Care Management will open a new office at 1930 West Bennett Street in Springfield, Missouri in August 2017. The company said it expects to fill 100 positions by the end of next month. For more information, visit www.jobs.net/jobs/onecallcm/en-us/.
GC Securities, a division of MMC Securities and a member of Marsh and McLennan Cos., served as co-manager of pricing bonds and catastrophe-linked swaps to provide surge funding to developing countries facing possible pandemic outbreaks. The Pandemic Emergency Financing Facility (PEF)'s insurance component provides cover for viruses most likely to cause a pandemic. Financing is activated when parametric triggers determined by public World Health Organization data are tripped.
New York City-based global risk and reinsurance specialist Guy Carpenter & Co. LLC launced GC Asia Pacific Retro, a new unit offering dedicated retrocession services to clients in the Asia Pacific region. The unit is headed up by Simon Hughes, managing director and Ben Dunnett, senior vice president.
Zurich Insurance Group achieved and is exceeding its targets to reduce carbon emissions by 50% and energy consumption by 40% per employee three years ahead of its original goal year of 2020. The insurer has been operating carbon neutral since 2014.
Burns & Wilcox relocated its Pittsburgh, Pennsylvania office to 965 Greentree Road, Suite 300, on the third floor of a new 100% sustainable solar-powered office high-rise called The Bentley. The Pittsburgh office specializes in insurance for large manufacturers and contractors, Professional Liability including Medical Malpractice and Errors & Omissions (E&O), and Personal insurance including High-Value Homeowners.
Independence Holding Company announced the final results of its tender offer to purchase up to 2 million shares of its common stock. Based on the final tabulation by Broadridge Corporate Issuer Solutions Inc., the depositary for the tender offer (1,386,332 shares) were properly tendered and not withdrawn by shareholders, at a purchase price of $20 per share, for an aggregate purchase price of $27,726,640. After the tender offer, IHC has 14,991,424 shares of common stock outstanding.
Gary Sullivan, vice president, property & subrogation claims at Erie Insurance and Bryan Corder, director of property claim line management with Allstate Financial Services LLC, were elected co-chairs of the Property Drone Consortium (PDC), which consists of insurance carriers, roofing industry leaders and supporting enterprises. This will be Sullivan's second term as chair.
The Hanover Insurance Group and Chaucer, its international specialty insurance group, acquired Sydney, Australia-based Lloyd's managing general underwriting agency SLE Holdings. Terms of the deal were not disclosed.
Insurance industry software provider Marias Technology has been acquired from Buckeye State Mutual Insurance Company by the Haines family, whose members have operated as senior management of the company since its founding. Terms of the deal were not disclosed.
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