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The Clear Group, the London-based independent insurance broker, 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.
Global specialty insurance broker 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 …
Illinois-based specialty insurance broker 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. AIMS does most of its business in the Mid-Atlantic and East Coast …
Ryan Specialty, a specialty insurance services firm and trading partner for agents and brokers, plans to acquire Nashville-based Velocity Risk Underwriters, with a closing date early this year. Velocity Risk, providing coverage for catastrophe-exposed properties, is a managing general underwriter …
Ryan Specialty, the Chicago-based international specialty insurance firm, announced it has signed a definitive agreement to acquire certain assets of the European managing general agent Geo Underwriting Europe BV (Geo Europe), part of London-based Ardonagh Group. Terms of the transaction …
Amelia Underwriters, a wholesale and surplus lines broker based in Fernandina Beach, … Two Florida-based insurance companies are expanding their product lines, another sign that insurers are making more if limited moves into a warming market in the state.
This edition of International People Moves details appointments at Aon and Ryan Specialty Underwriting Managers International. Reinsurance Solutions Team Insurance broker Aon plc announced … A summary of these new hires follows here. Aon Announces New Senior Leadership Roles in U.S.
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.
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 …
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. The challenge?
the Amsterdam-based, privately owned insurance broker, announced the sale of H.W. and HWI France to Steadfast Group, the largest general insurance broker network and underwriting agency group in Australasia and owner of one of the … International B.V.,
This edition of International People Moves details appointments at the broker Price Forbes and the MGA Altea Insurance. Price Forbes Taps BMS’s Morgan for Global Construction Team Price Forbes, the London-based broker, … A summary of these new hires follows here.
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 insurance broker in the Southeast. The company also named Rebecca Roberts as its new president. Roberts has 30 years in the …
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 & …
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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 …
London-based Innovisk has become part of Ryan Specialty Underwriting Managers … Ryan Specialty, the Chicago-based specialty insurance services firm, has completed the acquisition of Innovisk Capital Partners from Abry Partners and BHMS Investments. Financial details of the deal were not disclosed.
The expanded underwriting authority provides broker partners with more options in addressing clients’ complex cyber risks. Resilience is expanding the availability of its cyber risk solutions to serve large enterprise accounts with revenue greater than $10 billion. The expansion is …
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.
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!
hired Tiffany Francis as an associate producer/broker with their garage division team. She most recently served as a renewal garage underwriter with Risk Placement … USG Insurance Services, Inc. Francis, based in Alpine, California, entered the insurance industry eight years ago.
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 Insurance Brokers?
For brokers and agents, understanding landlord insurance in Chicago is crucial for helping clients safeguard their investments while expanding business opportunities. Distinguished offers customizable policies and a streamlined online application process to help brokers and property owners obtain competitive quotes efficiently.
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.
From intake and underwriting to document handling and broker … MGA and wholesale insurance operations are notoriously complexdozens of moving pieces spread across disconnected tools, email inboxes, and outdated software.
How can you overcome the challenge of effective underwriting with the proliferation of placing data spread across an increasing number of eTrade platforms, Broker proprietary portals, and digital partners?
Ventis, the London-based commercial and residential real estate managing general agent, has expanded into Ireland, continuing its mission to deliver client service and capacity to brokers in the underserved middle of the property market. Ventis’ capacity will be distributed through …
Meanwhile, the AI curated data gives the broker more credibility, allowing them to confidently justify their pricing. And being able to see the data that informed the pricing for themselves means the consumer trusts the broker, leading to a better long-term relationship.
That according to the 2025 Allianz Risk Barometer, which surveys global customers as well as brokers, trade organizations, underwriters, claims professionals, and risk consultants. A look atand response tothe emerging risks that could dominate 2025 By Lori Widmer This year will be the year of cyber exposure.
Melvin Appointed President and CEO, BMS Re, US BMS Re, the specialty reinsurance arm of global broker BMS Group headquartered in New York City, appointed Brad Melvin president and chief executive officer, BMS Re, U.S., effective November. Melvin will lead …
We’re excited to announce that Emma Werth has been appointed Vice President of Underwriting and Reinsurance. Early in her career, she worked in customer-facing roles at State Farm, The Hartford and Liberty Mutual and then as an Underwriter at Zurich, NAS Insurance Services, Tokio Marine, and Axis Capital.
For Brokers: Surface benchmarking insights tied to specific customers or prospects. Using Data to Help Inform Insurers For Underwriters: Identify and match companies profiles with competitor health and benefit providers to target in the future using the Lead Insights API.
Acrisure Announces Rebranding of UK Retail Broker Sutton Winson Sutton Winson has officially become the first of Acrisure’s nine retail insurance brokers to rebrand in the UK and has been legally renamed as Acrisure UK Broking Ltd. Acrisure, the Grand …
Assignment of Classification Codes Initially, insurance brokers 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 insurance broker, attorney, or qualified professional.
Insurance companies and brokers play a key role in mitigating these risks by offering specialized landlord policies. Discover why landlord insurance is vital for property owners in Colorado, the protections Distinguished can offer, and how brokers can help their clients secure the best policies.
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. Brokers with similar accounts are welcome to send them in for review.
If you missed our recent 30-minute webinar, “Hotel Primary Insurance: A Check-In to Success for Insurance Brokers,” don’t worry. Underwriters with hospitality industry knowledge and expertise. Our underwriters will look at the security the hotel has in place. A: Yes, on a base by case basis.
Distribution & Quoting You can’t build your cyber business if you don’t get your coverage in front of the right brokers and their clients. Zywave’s proprietary data tools are designed to help you improve your underwriting efficiency, refine your rates and better educate policyholders on the risks they may face.
In Los Angeles, housing code violations present challenges that affect property safety, compliance, and insurance underwriting. What role can insurance brokers play in managing these challenges for their clients? She oversees the programs strategic planning, product management, and underwriting profitability.
New efficient processes and workflows for underwriting, claims, policy administration, billing, and customer service have been implemented across the industry. However, for agents and brokers, these new AI-driven processes can introduce new E&O risks to mitigate and manage. We offer E&O insurance for producers in California.
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Could you start by describing the most common housing violations in Philadelphia that property owners and brokers should be aware of? These resources are invaluable for both property owners and insurance brokers when assessing risk. What role can insurance brokers play in managing these challenges for their clients?
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