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VIPR Welcomes Hampden Risk Partners, A Distinguished Lloyd’s Syndicate as New Client
June 8, 2023 – Hampden Risk Partners Syndicate 2689 (‘HRP’) select VIPR for bordereaux data management, analytics and reporting capabilities. HRP has contracted VIPR to implement a customised “business process as a service” (BPaaS) solution.
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Breckenridge IS, Inc. Announces Sale of Insurance Services Division to Accretive Insurance Solutions
ATLANTA, Ga., June 1, 2023 — Breckenridge IS, Inc., a diversified insurance distribution and services firm, today announced the sale of its Insurance Services Division to Accretive Insurance Solutions (“Accretive”).
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Berkley Forms New Specialty Business, Names Exec
BI – May 31, 2023 – W.R. Berkley Corp. said Wednesday it has formed Berkley Specialty Excess to offer excess liability coverages in specialized markets, with an initial focus on the environmental and energy industries.
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Argenta Appoints D&F Property Underwriter
IBA – May 26, 2023 – Argenta Syndicate Management Limited (ASML) has announced the appointment of Hannah Wyatt as direct and facultative (D&F) property underwriter, US and international.
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Arbol, Beazley Introduce Parametric Coverages
BI – May 25, 2023 – Arbol Inc. and Beazley PLC on Thursday launched a lineup of parametric coverages in the U.S. designed to help businesses mitigate climate risks.
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Ryan Specialty Agrees to Buy Socius
BI – May 23, 2022 – Specialty intermediary Ryan Specialty Group Inc. said late Tuesday it has agreed to buy rival Socius Insurance Services Inc., a Top 10 wholesale brokerage.
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RenaissanceRe to Buy AIG Unit Validus Re in Near $3B Deal
BI – May 23, 2023 – (Reuters) — Insurer RenaissanceRe Holdings Ltd. said on Monday it would buy American International Group Inc. treaty reinsurance business, which includes Validus Reinsurance Ltd. and its consolidated subsidiaries, in a deal valued at nearly $3 billion.
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Acrisure Reorganizes Operations, Changes Branding Strategy
BI – May 22, 2023 – Acquisitive insurance brokerage Acrisure LLC on Monday said it will implement a regional organizational structure for its operations and roll out a corporate branding strategy that will see the Acrisure name applied to its units.
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Marsh McLennan Agency Promotes Exec to President Role
BI – May 22, 2023 – Marsh McLennan Agency, the small and midsized brokerage unit of Marsh LLC, said Monday it has promoted Denise Perlman to president of national business insurance.
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Beazley Launches Streamlined Miscellaneous Medical Liability Product
IBA – May 17, 2023 – Specialist insurer Beazley has announced the launch of a streamlined miscellaneous medical liability product (MiscMed) in both the US and London markets. The streamlined product includes significant enhancements to wordings, Beazley said.
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Gallagher’s RPS Snaps Up MGA
IBA – May 15, 2023 – Arthur J Gallagher (Gallagher) subsidiary Risk Placement Services (RPS) has bought managing general agency RHP General Agency.
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GMI Expands Coverage to Include Stand-Alone Workers’ Compensation for Contractors and Hundreds of Other Business Classes
PHOENIXVILLE, PA, [MAY 7, 2023] Managing General Agent GMI Insurance (GMI) announced today that it is expanding its existing coverages to include a competitive, stand-alone Workers’ Compensation program targeting contractors and hundreds of other business classes.
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