GC Securities, a division of MMC Securities and a member of Marsh and McLennan Cos., announced the placement of a catastrophe bond benefitting the government of Mexico's Fund for Natural Disasters (FONDEN). The $360 million, three-class catastrophe bond is issued by the International Bank for Reconstruction and Development, and represents the first listed property and catastrophe bond issued under its Capital-at-Risk notes program.
MMA Trion, a Marsh and McLennan Agency LLC company, lauched BeneCap, a program that provides underwriting, enrollment, administration and claims handling of employee paid voluntary benefits through an existing captive insurance company.
Insurance brokerage Hub International Limited has acquired the assets of the following entities:
- East West Insurance Services Inc.
- Bianchi & Associates Inc.
- Steve Mariani Insurance LLP.
- Patrice Varin
- Rogers, Gunter, Vaughn Insurance Inc.
Terms of the deals were not disclosed.
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