Author: completebodyneeds

Brokerage Acrisure has filed a federal lawsuit, accusing a former employee of using employees and intellectual property to peal away at least 50 clients to a company he started—named after one Acrisure acquired in 2016. The Grand Rapids, Michigan-based global broker said in a lawsuit filed in U.S. District Court for the Western District of Michigan that Adam DeVone is “actively infringing upon” Acrisure trademarks and is “breaching voluntarily assumed contractual obligations to Acrisure.” In October 2016, Acrisure bought Benefits Exchange Alliance Inc. from founder and chairman DeVone and other owners. The acquisition included all trademark rights and brandings, including…

The Fortegra Group said its acquisition by South Korea’s DB Insurance Co. has been completed. Jacksonville, Florida-based Fortegra will operate independently and keep its existing leadership team as well as distribution relationships. “Agents, distribution partners, and customers will continue to experience the service excellence that has defined the Fortegra experience,” the specialty insurer said in a statement. Fortegra scrapped its planned initial public offering last year, citing market conditions. The $1.65 billion acquisition by DB Insurance is the biggest US acquisition by a non-life insurer from the country. “Every company eventually changes ownership. That is the nature of business. The…

A proposed settlement between Elon Musk and the Securities and Exchange Commission to end the agency’s Twitter Inc. stake lawsuit came after almost a year of negotiations, attorneys for the agency said Monday after a judge raised concerns about the deal. “The $1.5 million civil penalty aligns with the seven-figure penalty that the SEC’s counsel of record insisted upon since negotiations began in earnest and it reflects a concession by defendants, who advocated in settlement discussions for a much smaller penalty,” SEC attorneys wrote in a court filing. They added it also accounts for the “litigation risk and significant public…

Seven U.S. states led by New York sued the Trump administration on Tuesday for canceling a major offshore wind lease off the coast of New York in exchange for a pledge by its owner to invest instead in fossil fuel projects. The lawsuit in the Washington, D.C., federal court challenges a March 23 decision by the U.S. Department of the Interior to cancel a lease by a subsidiary of France’s TotalEnergies, “reimburse” $795 million to the company, and extract a pledge from the company not to develop new offshore wind projects in the United States. Total also agreed to spend…

HUB announced the appointment of Kyle Bloemers as national chief cross-sell officer. The newly created role is part of HUB’s broader strategy to help deliver greater value to clients, drive new business generation and accelerate organic growth. Bloemers will spearhead HUB’s enterprise-wide cross-sell strategy to help middle market and upper middle market clients access HUB’s full suite of solutions across commercial lines, employee benefits, private client and retirement & private wealth. He will activate HUB’s regional cross-sell leaders across the firm’s 34 geographic regions in North America to implement the national strategy in every market HUB serves. Bloemers brings more…

WTW Buys Redefind to Boost Access to Crypto, Digital Asset Insurance Insurance broker WTW announced it has acquisition of Redefind, an end-to-end web-based platform, designed to facilitate access to insurance products for crypto and digital assets. WTW said this investment reflects its long-term strategy to expand into next-generation protection solutions for clients exposed to digital finance, crypto ecosystems and tokenized asset environments. Financial details of the transaction were not disclosed. The proposition launches as a non-custodial, cost-of-recovery insurance solution, intended to support digital asset owners in the event of theft or loss. Coverage is designed to support expenses associated with…

Sentry Insurance will take over as the sponsor of the PGA Tour event at Torrey Pines Golf Course in San Diego, Calif. The tournament, which will be named The Sentry, will take place Jan. 27-30, 2027. The iconic Torrey Pines has hosted professional golf tournaments since 1952. “We’re honored to continue investing in the game and creating experiences that bring together players, fans, partners and communities,” said Sentry CEO Pete McPartland. “We look forward to working closely with the San Diego community to shine a spotlight on everything that makes the region so special and continue our longstanding dedication of…

ANV, a global insurance intermediary platform, has successfully completed the acquisition of Specialty Comp Insurance Solutions from Specialty Program Group, a subsidiary of Hub International. SCIS is a Texas-based managing general agent specializing in tough-to-place monoline workers’ compensation insurance. The acquisition expands ANV’s U.S. specialty insurance capabilities by adding a differentiated workers’ compensation MGA focused on middle-market accounts and risks that are typically underserved by the standard market. SCIS wrote approximately $250 million of gross written premium in 2025 and currently manages a well-diversified portfolio spanning key industries including construction, manufacturing, and healthcare. SCIS also has a significant presence in…

Holmes Murphy announced that Chaz Cointment has joined the brokerage as a Sr. Client Executive, Surety. In this role, Cointment will be responsible for the development and management of client surety programs. His key focus will be to enhance and optimize Holmes Murphy’s existing surety programs, ensuring they remain scalable, competitive, and aligned with the long-term business objectives of the firm’s clients. Cointment will also play an integral role in expanding Holmes Murphy’s surety presence in the Dallas market, helping to grow its construction practice and strengthen relationships across the region. Cointment has more than 18 years of experience in…

After more than two years of company-building and fundraising, Tampa-based Sypher Insurance Exchange has won its certificate of authority and a financial rating. The stamps of approval mark Sypher’s official entry into the market as the first property insurer with significant investment from insurance agents. Sypher CEO and Founder Subhashish Dutta called it the start of “new era” for the Florida property insurance. “We bring a fundamentally different approach to sustainable capacity in Florida,” Dutta said in a statement. “Over the past two years, we have built an integrated platform that brings together insurance, reinsurance, and technology from day one.”…