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Tangram Launches Expanded Animal Welfare Program with Liberty Mutual
PETALUMA, Calif., Nov. 2, 2023 — AWOIP is excited to announce that we have partnered with Liberty Mutual Insurance’s GRS North America Programs group to provide insurance for animal welfare organizations of all types effective immediately.
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Davies inks deal with Brown & Brown
LONDON, UK – 1 November 2023 – Davies, the leading specialist professional services and technology business serving insurance and highly regulated markets, today announced that it has signed a deal with Brown & Brown Insurance to acquire four claims and services businesses.
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“When everyone sees fire, program administrators see opportunity”
Nov 02, 2023 [Insurance Business] – According to Ken Hawkins, Broadspire’s director of business development, alternative markets and programs, “when everyone sees fire, program administrators see opportunity.”
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Gradient AI announces new partnership
November 1, 2023 [Insurance Business] – Insurance software provider Gradient AI has announced that Questco, a professional employer organization (PEO) that specializes in outsourced HR services, has selected Gradient AI’s SAIL product to streamline its underwriting process and expedite quote turnaround time.
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Munich Re Specialty Insurance eyes continued programs growth
October 17, 2023 [Program Manager] – Munich Re Specialty Insurance (MRSI)’s programs business team is targeting further growth in 2024 as it looks to build out its existing $1bn+ North American portfolio, with the company considering expansion into market segments where pricing, terms and conditions meet its underwriting criteria.
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RenaissanceRe Completes Acquisition of Validus Re
PEMBROKE, Bermuda–(BUSINESS WIRE)–Nov. 1, 2023– RenaissanceRe Holdings Ltd. today announced that it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc. (AIG).
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R&Q Agrees to $465M Sale of Program Management Unit to PE Firm
BI – October 20, 2023 – Bermuda-based runoff and program insurer R&Q Insurance Holdings Ltd. has agreed to sell its program management insurance unit Accredited to private-equity investment company Onex Corp. in a deal that values the business at about $465 million.
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Green Shield Risk Solutions Introduces Specialty Homeowners’ Solution with Instanda’s Insurance Platform
NEW YORK, Oct. 11, 2023 — Chicago-based Green Shield Risk Solutions announced today the introduction of its specialty homeowner’s insurance platform built with INSTANDA. Brought to market in just over 90 days, the platform enables quote, bind and management of affluent homeowners’ insurance in catastrophe-prone states.
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AIG Reshuffles Leadership to Focus on Underwriting Business
BI – October 11, 2023 – (Reuters) — American International Group Inc. on Wednesday appointed company insiders David McElroy, Don Bailey and Jon Hancock to key positions in a bid to strengthen its underwriting performance.
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Venbrook Forms National Higher Education Division
BI – October 11, 2013 – Private-equity-owned brokerage and program manager Venbrook Group LLC said Wednesday it has formed a national higher education division that will take a holistic approach to risk management for K-12 schools, universities, faculty, staff and students.
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Rainbow Launches New Admitted Insurance Program Tailored to the Restaurant Industry
SAN FRANCISCO, Oct. 3, 2023 /PRNewswire/ — Rainbow, a digitally-enabled underwriting company, has announced the launch of the industry’s first annual term Business Owner’s Policy (BOP) specifically tailored to the restaurant industry and among other payment methods is also available to be billed on a Pay-As-You-Go basis.
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NSM Buys Student Insurance Provider Envisage, Based in Florida
IJ – October 2, 2023 – NSM Insurance Group, a global specialty insurance provider, has acquired Florida-based Envisage International, which writes health and travel insurance plans for international students and cultural exchange participants.
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