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NIP Group Expands GrowPro® Insurance Program to Include Agricultural Property
WOODBRIDGE, NJ, August 1, 2023 – NIP Group, a renowned specialty insurance provider, is thrilled to announce the nationwide expansion of its highly successful GrowPro® insurance program.
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PCF Raises $400 Million to Boost Acquisitions
BI – August 1, 2023 – Brokerage PCF Insurance Services said Tuesday it had closed $400 million in debt financing led by alternative asset manager Blue Owl Capital Inc., one of its existing minority investors.
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MIEC Goes Live with OneShield’s SaaS Solution for Streamlined Medical Malpractice Insurance Operations
Marlborough, MA – August 1st, 2023: MIEC (Medical Insurance Exchange of California), a leading Reciprocal Insurance Exchange for the U.S. Medical Profession serving health professionals in the U.S. Western states, is pleased to announce the successful implementation of OneShield’s cutting-edge insurance software platform.
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One80 Taps New Managing Director for Private Equity, Transactional Liability
IBA – August 1, 2023 – Boston-based specialty insurance broker One80 Intermediaries has announced the appointment of Jonathan Legge as senior managing director of private equity and transactional liability.
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Marsh’s Victor Names CEO and Chairman
IBA – July 27, 2023 – Victor, Marsh’s global managing general underwriting business, has appointed Charles Williamson as its CEO, succeeding Brian Hanuschak, who will become the company’s chairman.
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Allianz Announces New Regional Set-up for Integrated Commercial Business
IBA – July 25, 2023 – Global insurer Allianz has introduced a new regional set-up for its commercial insurance business after combining the group’s Allianz Global Corporate & Specialty (AGCS) unit with the commercial insurance operations of local Allianz property & casualty entities. Under the integrated proposition, the businesses will trade as “Allianz Commercial” moving…
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Accelerant Mulls IPO, Stake Sale, CEO Says
BI – July 24, 2023 – (Reuters) — Accelerant Ltd. is planning to raise fresh capital next year in a deal that could result in the specialty insurance provider making its debut on the stock market, its CEO and co-founder told Reuters on Monday.
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Obsidian Promotions Include President, CFO
BI – July 24, 2023 – Fronting insurance holding company Obsidian Insurance Holdings Inc. Monday said it has promoted Craig Rappaport to president and Nick Dagenais to chief financial officer.
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American Claims Management Launches Claims Advocacy Program
IBA – July 19, 2023 – American Claims Management, a third-party claims administrator, has announced the launch of its Claims Advocacy Program.
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Distinguished Programs Unveils New Fine Art & Collectibles Insurance Program
NEW YORK – July 6, 2023 – Distinguished Programs (“Distinguished”), a leading insurance program manager, is excited to announce the official opening of their highly anticipated Fine Art & Collectibles insurance program. This innovative program offers brokers a competitive advantage in the market, catering to the evolving needs of the art and collectible communities.
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One80 Intermediaries Expands Transportation Practice With Acquisition of GMI Insurance
BOSTON–(BUSINESS WIRE)–One80 Intermediaries (One80), a specialty insurance broker headquartered in Boston, today announced that it has acquired GMI Insurance. Terms of the deal were not disclosed.
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Liberty Mutual Reorganization to See 370 Jobs Cut
IBA – July 17, 2023 – Liberty Mutual restructuring changes will lead to the loss of around 370 jobs US-wide, Insurance Business understands.
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