2020 Mid-Year Updates, Meeting Attendance and Marketing Incentive, Mid-Year CPL Deadline, New Members and more...

March 9, 2020 - (Reuters) — Aon PLC said on Monday it would buy Willis Towers Watson PLC for nearly $30 billion in an all-stock deal that creates the world's largest insurance broker and adds scale in a battle with falling margins.

Insurance Journal - March 6, 2020 - Sompo Global Risk Solutions (GRS), a subsidiary of Sompo International Holdings Ltd., has entered into a partnership with independent risk management and insurance consulting firm Fisher Harris Shapiro, Inc. (FHS) to offer specialized protection against covered property perils to U.S. commercial real estate and financial institutions.

IBA - March 6, 2020 - AmTrust Financial Services has entered into an agreement with Safeco Insurance to offer personal lines agents with Republic General Agency an opportunity to transition their policies from AmTrust to Safeco in the third quarter of 2020.

As our members make decisions about conducting business safely while navigating concerns about viral infection threats, we wanted to share information about the 2020 Mid-Year Meeting in Tampa.

Our current plans are to hold this event as scheduled.  We have made changes to our registration policy that would allow individuals to cancel without penalty should travel restrictions or health concerns prevent attending.  Hotel reservations can be cancelled 72 hours prior to arrival without penalty.

The Association is developing precautionary measures to ensure the safety of all 2020 Mid-Year Meeting attendees.

As of March 3, 2020, the following protocols have been established:

  • Hotel staff will disinfect anything a traveler would touch frequently, this can include but is not limited to, the call buttons in elevators, light switches, door handles, toilets, telephones and the reception counter several times each day during the event.
  • Sanitizer and tissues will be provided during the event throughout the meeting spaces and common areas.
  • A no handshake policy will be encouraged.
  • Hotel staff will serve food items, minimizing use of common serving implements.
  • Attendees who are not well are urged not to attend.

We understand that individuals in high risk groups may make the informed decision not to attend. The TMPAA will work with these members to help mitigate their losses and make the connections inside our group they require to run and/or improve their business.

Both the World Health Organization and the Centers for Disease Control and Prevention have posted safety recommendations you should review.  

You can expect updates to our planning as new information becomes available.

BI - March 5, 2020 - Josh Lamberg, founder and CEO of Lamb Insurance Services, has formed a New Jersey-based managing general agency focused on nonprofit and social service organizations.

IBA - March 4, 2020 - It was today announced that global speciality insurance group, Tokio Marine HCC, has signed a purchase agreement to acquire managing general agent GCube, a leading renewable energy risks specialist. The transaction, which is subject to regulatory approval and other customary closing conditions, is expected to close in the second quarter of 2020.

IBA - March 4, 2020 - Beazley has announced that its flagship cyber product, Beazley Beach Response (BBR), will be made available to brokers of small and medium-sized businesses in the US through the myBeazley platform. Beazley said that the platform will reduce to less than two minutes the time required to obtain a bindable BBR quote.

SAN DIEGO, CA., MARCH 3, 2020 Realign Capital Strategies, LLC is pleased to announce that Tim McAuliffe has joined the firm as a Partner.

IBA - March 3, 2020 - Allied World Assurance Company Holdings, a subsidiary of Toronto-based Fairfax Financial Holdings, has appointed Wes Dupont as chief operating officer (COO) of Allied World Group. 

Page 3 of 163