Commercial Lines

Willis Group Holdings has eliminated approximately 600 positions so far this year as part of its operational review, leading to a second-quarter charge of $18 million and contributing to a 2 percent drop in net income.

Itasca, Ill.-based insurance broker Arthur J. Gallagher & Co. says it acquired Group Benefits of Arkansas, LLC.

Marsh & McLennan reports net income increased 19 percent in the second quarter, driven by new business and strong retention in its insurance brokerage arm.

There are two areas of the current ISO Business Income Worksheet that are potentially misleading, and which can lead to problems.

Jardine Lloyd Thompson says net income grew by 8 percent for the first half of the year despite challenges from the continued soft market.

A well-run insurance company does not need a hard market to make a profit, and companies that are anxious to see one are desperate for the income, the chief executive of Marsh & McLennan Cos. says.

5Star Professional Programs Insurer(s): Axis Specialty Insurance, Lloyd’s and Darwin Select Insurance Co. E&O insurance offered for: Advertising…

Bill Pritchard, president of Beacon Hill Associates Inc., a wholesale insurance broker and program administrator specializing in the placement of environmental insurance and other specialty products, provides his perspective on a number of crucial areas in the environmental-insurance market.