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Global specialty insurancebroker Ryan Specialty has completed the acquisition of USQRisk Holdings, LLC. Operating in New York and London, USQ underwrites non-traditional insurance risks. USQ’s operations will become a part of the alternative risk business within Ryan Specialty. The …
The Clear Group, the London-based independent insurancebroker, announced the acquisition of the managing general agency, Accelerate Underwriting. Established in 2015, Accelerate Underwriting is a … Financial terms of the deal, which is its fourth involving an MGA, were not disclosed.
Illinois-based specialty insurancebroker Origin Specialty Underwriters Agency announced it has acquired Agricultural Insurance Management Services (AIMS), an agribusiness insurance-focused managing general underwriter based in Bow, New Hampshire.
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Deep Vector, an artificial intelligence (AI) platform for analyzing underwriting documents, closed its seed round of $1.5 Deep Vector helps insurers and brokers translate analog documents used for underwriting riskclaims loss … million, co-led by Aperture Venture Capital and InsurTech NY.
the Amsterdam-based, privately owned insurancebroker, announced the sale of H.W. and HWI France to Steadfast Group, the largest general insurancebroker network and underwriting agency group in Australasia and owner of one of the … International B.V.,
Privilege Underwriters Reciprocal Exchange (PURE) is for the first time going international with an expansion into Canada. The reciprocal exchange will start serving high net worth clients in Ontario with homeowners insurance through select brokers. Future products include automobile coverage …
Novatae Risk Group, a managing general agency, program manager and wholesale brokerage, said it has launched its new miscellaneous professional liability program with a focus on fast quoting for brokers and exceptional claim service for insureds. With underwriting handled in-house …
Southern Specialty Underwriters, with offices in Tampa and in Macon, Georgia, said it has rebranded to Arbour Specialty, an insurancebroker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the …
In the rapidly evolving world of digital insurance, underwriting can feel like a juggling actespecially when risk data is spread across multiple eTrade platforms, broker portals, and digital partners. What Youll Learn: How to overcome the challenge of data fragmentation across eTrade platforms and broker portals.
Without the right insurance, the landlord absorbs the full financial hit not just from repairs but also from lost rental income. For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities.
Watch the video below to see how easy it is to Quote-Bind-Issue Fine Art & Collectibles business on the Broker Connect portal. With the Broker Connect portal, you can do it allquickly and easilyfor select collectibles. The Broker Connect portal your fast track to exceptional Fine Art & Collectibles coverage. Super Easy!
In the competitive insurance industry, Wholesalers, MGAs, and Brokers are always seeking ways to streamline operations, integrate new technology with legacy systems, and provide faster, more accurate service to their … This post is part of a series sponsored by Selectsys.
A Managing General Agent (MGA) is a specialized type of insurance intermediary that has underwriting authority granted by an insurer. Unlike agents or brokers, MGAs can bind coverage, price policies, and handle claims they essentially act as an extension of an insurer. How do MGAs Differ From InsuranceBrokers?
USG Insurance Services, Inc. hired Tiffany Francis as an associate producer/broker with their garage division team. Francis, based in Alpine, California, entered the insurance industry eight years ago. She most recently served as a renewal garage underwriter with Risk Placement …
XPT Specialty, headquartered in New Haven, Connecticut, appointed Tyler Myers as transportation underwriter. Myers has over 10 years of experience as a broker specializing in underwriting commercial automobile risks. He began his career as an associate underwriter at Burns & …
As insurers look to 2025, several trends are emerging that affect premium and deductible costs — leading to lengthy conversations between insurance agents and brokers and their customers. For worship facilities, some of the most prevalent trends include: • Weather-related …
Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. London-based Innovisk has become part of Ryan Specialty Underwriting Managers … Financial details of the deal were not disclosed.
Artificial Intelligence has the potential to benefit both insurance professionals and consumers, says Doug Marquis, chief technology officer at Zywave. Insurance is often regarded as a necessary evil by consumers a boring grudge purchase to protect themselves against an unfortunate event that may never happen.
Without inland marine coverage, these businesses would face significant financial losses that standard property insurance doesnt cover. Despite its name, inland marine insurance has nothing to do with boats. What is Inland Marine Insurance? Inland marine insurance provides coverage for property that moves between locations.
Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurancebrokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, the Grand …
Although cities like Denver, Boulder, and Colorado Springs have thriving real estate markets, owning rental properties still comes with risks, making rental property insurance essential. Hailstorms , winter storms, and tenant-related liabilities can lead to significant financial losses if landlords are not properly insured.
Were proud to now underwrite businesses with up to $1 billion in revenues in the US and up to 1 billion in the UK. With each expansion, we refine our underwriting models in real-time, anchoring our promise to swiftly pay claimsover $250 million disbursed to datewhen policyholders need us most.
Meister has more than 36 years of experience in the insurance industry, including underwriting leadership, program management and broker … Meister Joins Sertis as SVP, Distribution Partnerships Sertis, headquartered in Reno, Nevada, appointed Kurt Meister as senior vice president, distribution partnerships.
In today’s digital age, Application Programming Interfaces (APIs) have become essential tools for businesses across various industries, including insurance. Benefits of APIs in the Insurance Industry APIs offer numerous benefits to the insurance industry, enhancing efficiency, customer experience, and data management.
But with value comes risk, and standard homeowner insurance policies frequently fall short when it comes to protecting one-of-a-kind instruments. Why Rare Guitars Need Specialized Insurance In 2019, David Gilmours legendary Black Strat was worth $3.9 How Does Distinguisheds Collectibles Insurance Cover Rare Guitars?
In the rapidly evolving insurance industry, APIs are becoming indispensable tools for agencies looking to streamline their workflows, incorporate data, improve efficiency, and deliver superior customer experiences. For Brokers: Surface benchmarking insights tied to specific customers or prospects.
This post is part of a series sponsored by Expert Insured. MGA and wholesale insurance operations are notoriously complexdozens of moving pieces spread across disconnected tools, email inboxes, and outdated software. From intake and underwriting to document handling and broker …
However, for insurancebrokers, the wide spectrum of restaurants represents both a challenge and an opportunity. With thousands of restaurants in Charlotte and across North Carolina, the need for comprehensive insurance coverage is vital. What Does Distinguisheds Restaurant Insurance Cover?
Within the next decade the cyber insurance market is projected to grow to over $120 billion according to a report by Fortune Business Insights. That means there’s a lot of opportunity for insurers who are looking to either grow their cyber business or expand into the cyber market. But with growth opportunities comes risk.
If you missed our recent webinar, “Fine Art & Collectibles Insurance: Q&A for Brokers,” don’t worry. Hear directly from our underwriters on how Distinguished can help you win business and deliver superior service to your clients. Q: Is an alarm system required to get insurance for personal collections?
Ready to boost your expertise in Hotel Primary Insurance? If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for InsuranceBrokers,” don’t worry. Underwriters with hospitality industry knowledge and expertise. Access the full recording now!
During that time we have assisted thousands of claimants with their claims, and introduced world leading online services that take the lessons learned from claims, and use them to assist brokers and underwriters be better at their job, and to move the emphasis from price to protection.
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As 2024 unfolds, the Directors and Officers (D&O) Insurance market is hitting yet another turning point. After several years of dramatic rate fluctuations, insurers, brokers, and businesses are bracing for what could be a defining year for D&O premiums. 2023: A Year of Stability and Success—But Is It Sustainable?
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Assignment of Classification Codes Initially, insurancebrokers typically assign classification codes when securing coverage for employers. Brokers discuss the nature of the employer’s work to determine the most suitable code. You should consult with your insurancebroker, attorney, or qualified professional.
In your role as a broker and consultant for your individual and business insurance clients, you want to be sure you’re able to provide the personal service they want, while also doing what’s necessary to nurture a long-term relationship. HMOs may require a pre-authorization referral to see a specialist.
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