Insurance Journal

AUGUST 20, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Anthony James Insurance Brokers, subject to regulatory approval. This latest acquisition further expands and strengthens SRG’s retail pillar, Specialist Risk …

Insurance Broker 286

Insurance Broker Broker Risk Insurer 286

Insurance Journal

OCTOBER 30, 2024

Florida-based insurance broker King Risk Partners reports it has acquired Suzio Insurance Center, Inc., an independent insurance agency based in Meriden, Connecticut. Suzio Insurance Center was started in 1974 by the late Franklin Suzio and is currently headed by James …

Risk 277

Risk Insurance Broker Insurance Agency Insurer 277

Insurance Journal

AUGUST 30, 2024

Specialist Risk Group (SRG) announced the acquisition of the ongoing renewal rights of Morton Insurance Brokers, a specialist in private hire and taxi insurance across the UK since 1987. Financial details of the transaction were not disclosed. The acquisition strengthens …

Insurance Broker 309

Insurance Broker Broker Risk Insurer 309

Insurance Journal

OCTOBER 17, 2024

Unison Risk Advisors (URA) has acquired Enders Insurance, a family-run property/casualty insurance agency based in Harrisburg, Pennsylvania. Enders has more than 60 employees throughout its central Pennsylvania office locations including Lancaster, Reading and Middleburg. Currently led by Andrew Enders, the …

Risk 264

Risk Casualty Insurance Insurance Agency Insurer 264

Insurance Journal

NOVEMBER 13, 2024

North American specialty insurance brokerage Risk Strategies reports it has acquired Felsen Insurance Services, Inc., a New Jersey-based agency offering commercial and personal property/casualty insurance. Terms of the deal were not disclosed. Established in 1985, Felsen is based in Denville, …

Risk 264

Risk Personal Property Casualty Insurance Commercial 264

Insurance Journal

SEPTEMBER 26, 2024

For-sale listings on Zillow will now feature detailed climate risk information for five key categories — flood, wildfire, wind, heat and air quality — along with insurance recommendations, according to the online real estate company. The climate risk data, provided …

Risk 264

Risk Insurer Insurance Insured 264

Insurance Journal

DECEMBER 2, 2024

Private equity’s advance into the insurance sector exacerbates the risk of “fire sales” that disrupt the functioning of financial markets, the Bank of England warned. A growing number of PE firms in the US have acquired life insurers, while British …

Risk 286

Risk Life Insurance Insurer Insurance 286

Insurance Journal

JANUARY 16, 2025

While 2024 brought record-breaking data-breach costs and evolving cyber risk, all signs point to stable rates and ample capacity in 2025. Intense competition among cyber insurance carriers has resulted in higher limits, enhanced cyber risk management services, flexibility in insurance …

Cyber 264

Cyber Risk Insurance Carrier Insurer 264

Insurance Journal

SEPTEMBER 3, 2024

As the market for in-house insurance surpasses a record $200 billion, the underlying reasons for that boom show how a hotter, less stable planet is redrawing the risk map for corporations. Captive insurance, where companies create their own coverage vehicles, …

Risk 299

Risk Insurer Insurance Insured 299

Insurance Journal

FEBRUARY 10, 2025

China’s National Financial Regulatory Administration on Saturday issued guidelines for insurance groups to manage “concentration risks,” asking insurers to hold sufficient capital and liquidity buffers.

Insurer 204

Insurer Insurance Insured Risk 204

Insurance Journal

OCTOBER 23, 2024

National specialty insurance broker Risk Strategies reported it has acquired George W. Blaisdell Insurance, an employee benefits agency based in Hampton Falls, New Hampshire. The acquisition expands the Risk Strategies Employee Benefits Practice in its New England region. Terms of …

Risk 264

Risk Insurance Broker Broker Insurer 264

Insurance Journal

DECEMBER 3, 2024

Dallas, TX, December 3, 2024 — Jupiter Risk Services, an affiliate of Risk Theory, is proud to launch its High Value Homeowners Insurance, a new insurance product designed specifically for single-family, high-value homeowner properties with coverage ranging from $800,000 to …

Risk 246

Risk Insurer Insurance Insured 246

Insurance Journal

OCTOBER 14, 2024

October 15, 2024 – The Risk & Insurance Education Alliance, in collaboration with BrokerTech Ventures (BTV), is proud to introduce its latest educational initiative, the Introduction to Insurance for Insurtech Professionals module. Austin, TX., First announced in June 2024, the …

Risk 264

Risk Insurer Insurance Insured 264

Insurance Journal

JANUARY 31, 2025

Howden, one of the world’s largest closely held insurance brokers, is in talks to acquire Risk Strategies, according to people with knowledge of the matter. The talks to acquire Risk Strategies, which is ultimately backed by private equity firm Kelso …

Insurance Broker 249

Insurance Broker Broker Risk Insurer 249

Insurance Journal

DECEMBER 13, 2024

Ryan Specialty, Chicago-based specialty insurance services firm, announced that Paradiso Risks is joining Alive Risk, Ryan Specialty’s sports, leisure and entertainment managing general underwriter. London-based Paradiso became part of Ryan after its acquisition of Castel Underwriting Agencies in May 2024.

Risk 246

Risk Underwriter Underwriting Insurer 246

Insurance Journal

SEPTEMBER 2, 2024

California, Oregon, Colorado, Washington and Arizona are the states most at risk for wildfires, earning an “F” rating, according to a new analysis by Guidewire detailing wildfire risk in the U.S. at local, state, and national levels. Guidewire’s HazardHub data …

Risk 312

Risk Property Insurance Insured Insurer 312

Insurance Journal

SEPTEMBER 9, 2024

The unique, evolving and often volatile nature of cyber risks has always lurked beneath the surface as the cyber insurance premium climbed in recent years. The recent CrowdStrike software failure underscored the dormant threats posed by aggregation risk, and the …

Risk 298

Risk Cyber Premium Insurer 298

Insurance Journal

JANUARY 30, 2025

Risk Strategies announced the acquisition of Comprehensive Benefits, Inc. and Gabrielson Insurance & Financial Services, both located in the Greater Detroit area. The joint acquisition preserves an established working relationship between the two partner companies, providing increased capabilities for the …

Risk 241

Risk Insurer Insurance Insured 241

Insurance Journal

DECEMBER 18, 2024

King Risk Partners, one of the largest U.S. insurance brokers, has acquired Talbert Insurance Services in Duluth, Georgia, expanding King’s presence in the Southeast. Talbert, in business in north Georgia since 1982, offers personal and commercial insurance. Larry Talbert II …

Risk 246

Risk Commercial Insurance Insurance Broker Commercial 246

Insurance Journal

AUGUST 11, 2024

These tools can allow owners and investors to better anticipate risks of flooding, wind, wildfire and other disasters. Insurers have been among the adopters of climate-risk models, in a sign … Many companies offer detailed climate projections tailored to property-level precision.

Risk 290

Risk Insurer Insurance Insured 290

Insurance Journal

SEPTEMBER 18, 2024

Hannah Whyte is one of thousands of Californians who have struggled to insure their property in the event of wildfire. Her 77-acre farm nestled deep in a wildfire-vulnerable forest lost its coverage from State Farm after the mountainous region burned …

Risk 305

Risk Insurer Insurance Insured 305

Insurance Journal

NOVEMBER 21, 2024

Risk Strategies announced it has acquired the assets of Ohio-based employee benefits specialty organization Cornerstone Broker Insurance Services Agency, Inc., an Ohio-based national provider of employee benefits solutions. The sale also included the assets of ARC Benefit Solutions, which provides …

Risk 264

Risk Broker Insurer Insurance 264

Property Insurance Coverage Law

MARCH 23, 2025

Every once in a while, a piece of nerdy insurance legislation catches my eye, not because it disrupts the industry overnight, but because it signals a trend about risk and how property insurance is going to operate. Colorados newly passed HB 25-1182 is a bill that may not make national headlines, but it should.

Risk 100

Risk Property Insurance Insurer Insurance 100

Prof. Allan Manning

FEBRUARY 10, 2025

I recall the very first business interruption claim I did was for a risk in Toowoomba and to my horror found that the Insured had only declared 3 months insurable gross profit with a 3-month Indemnity Period. Where a client, sought to insure for less than 12 months they would offer a discount on the premium rate.

Business Interruption 189

Business Interruption Claim Insurer Insurance 189

Insurance Journal

OCTOBER 17, 2024

The New York Department of Financial Services (DFS) has issued new guidance to assist the more than 3,000 firms including insurers it regulates in addressing cybersecurity risks arising from artificial intelligence (AI). In a letter to letter companies, DFS Superintendent …

Risk 289

Risk Insurer Insurance Insured 289

Insurance Journal

SEPTEMBER 4, 2024

In an unassuming white and blue office building in Freeport, a few miles into Nassau County, sits the headquarters of American Transit Insurance Co. The 52-year-old, family-owned firm is hardly a household name, but it’s vital to how New Yorkers …

Risk 312

Risk Building Insurer Insurance 312

Insurance Journal

FEBRUARY 19, 2025

Florida-based insurance broker King Risk Partners announced its acquisition of the Kerr Agency Inc., an independent insurance agency located in Simsbury, Connecticut. This strategic acquisition furthers King Risk Partners’ expansion across the Northeast. Kerr is King’s fifth agency in Connecticut.

Risk 245

Risk Insurance Broker Insurance Agency Broker 245

Insurance Journal

OCTOBER 22, 2024

Unison Risk Advisors (URA) reports that Avondale Insurance Associates has joined the firm and is the first company to join URA’s non-retail division. Established in 2006, Avondale Insurance Associates is an excess and surplus lines underwriting management company across all …

Risk 278

Risk Underwriter Underwriting Insurer 278

Insurance Journal

NOVEMBER 5, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary that is majority-owned by Warburg Pincus and Temasek, announced the acquisition of specialist reinsurance firm NW Re. Financial details of the deal were not disclosed. SRG said the acquisition reinforces its …

Risk 263

Risk Broker-Agent Insurer Insurance 263

Insurance Journal

OCTOBER 30, 2024

Specialist Risk Group (SRG), the London-based insurance intermediary, announced the acquisition of Stonehatch, a leading specialist bloodstock and livestock insurance broker. Financial details of the transaction were not disclosed. Founded in 2014 by Chris Williamson, London-headquartered Stonehatch has built a …

Broker 261

Broker Risk Insurance Broker Broker-Agent 261

Insurance Journal

NOVEMBER 12, 2024

Specialist Risk Group (SRG), the London-based specialist insurance intermediary, announced the acquisition of One Claim Ltd. Based in Essex, England, One Claim provides broker partners and their clients with claims management support from initial notification through to settlement. The One …

Claim 258

Claim Risk Broker Broker-Agent 258

Insurance Journal

OCTOBER 23, 2024

A recent survey reveals that a 80% of New York City residents feel their city is unprepared for climate-related risks. The survey, conducted as part of new Economist Impact research supported by global multiline insurer Zurich Insurance Group, highlights significant …

Risk 260

Risk Insurer Insurance Insured 260

Insurance Journal

MARCH 6, 2025

Convective storms added to a year of extreme weather events that will put pressure on property insurance rates, particularly in a few hard-hit states, a new report shows. CoreLogic released its 2025 Severe Convective Storm Risk report, highlighting patterns of …

Risk 237

Risk Property Insurance Insurer Insurance 237

Insurance Journal

NOVEMBER 25, 2024

At Mackoul Risk Solutions, ‘Employees Come First’ Instead of becoming a major league umpire, Ed Mackoul chose to help his father build an insurance empire. Ed wasn’t sure how his life would turn out before joining Mackoul & Associates in …

Risk 264

Risk Building Insurer Insurance 264

Insurance Journal

JANUARY 24, 2025

January 2025 report from the Geneva Association, titled “Insurance in a Fragmented World Economy,” found that geopolitical tensions have driven the global economy toward “geoeconomic fragmentation.” ” Geoeconomics refers to the intersection of geopolitical forces and economic policies.

Insurer 240

Insurer Insurance Insured Policy 240

Insurance Journal

JANUARY 22, 2025

Even the most-sophisticated scientific models fail to capture all the risk factors or properly account for the increasing impact of climate change. It’s a major problem for homeowners, insurers and investors, as … Among natural disasters, wildfires are the great unknown.

Risk 262

Risk Insurer Insurance Insured 262

Insurance Journal

JANUARY 16, 2025

King Risk Partners, a major U.S. brokerage and insurance agency based in Gainesville, Florida, has acquired Bruce Hendry Insurance in Immokalee, Florida, southeast of Fort Myers. It is the latest expansion move for King Risk into southwest Florida, the firm …

Risk 246

Risk Insurance Agency Insurer Insurance 246