Intelligent Insurer News

Insurance agency The Hilb Group (THG) has acquired New Jersey-based LCIA, Inc. DBA Campisano Insurance Agency (LCIA).

The Penn Mutual Life Insurance Company (Penn Mutual) has appointed Teresa Fitzgerald as the new managing partner of Lakeshore Wealth Strategies, its Chicago agency.

The Life Insurance Settlement Association (LISA), the oldest and largest trade association representing members of the life settlement industry, rolled out an aggressive strategy for encouraging legislation that protects a consumer’s right to sell a life insurance policy at its 25th Annual Fall Life Settlement & Compliance Conference this week. It also announced its new board of directors.

Ryan Specialty Group (RSG) has acquired the assets and operations of The Suitelife, from Venture Insurance Programs.

Property and casualty insurer Great American Insurance Group has launched a new admitted cyber risk insurance product, the Risk e-Business Cyber Loss & Liability Insurance Policy. With two insuring agreements and only 13 exclusions, it aims to make cyber coverage simple.

Cowbell Cyber, a start-up focused on artificial intelligence (AI)-powered cyber insurance for small to mid-sized enterprises, has appointed David Miles, co-founder and managing partner at ManchesterStory Group and Varun Badhwar, senior vice president of products, Prisma cloud, at Palo Alto Networks, to its board of directors.

IAT Insurance Group, a provider of specialty property and casualty products, is expanding its product offerings with the formation of a new management liability business unit. It will be led by John Passaro who brings more than 28 years of experience in the insurance industry, including extensive experience with management and professional lines.

Global marine insurer North has made a number of appointments to strengthen and clarify its service to members and brokers.

The Hartford, a US specialist in property and casualty insurance, group benefits and mutual funds, has launched the next generation of its Spectrum business owner’s policy (BOP) that delivers tailored insurance coverage recommendations, real-time, transparent pricing and simplified coverage explanations.

RenaissanceRe Holdings, a global provider of reinsurance and insurance, estimates that losses from third quarter 2019 catastrophe events will have a net negative impact of approximately $155 million on its third quarter 2019 results of operations.

Munich Re is offering auto-underwriting expertise and software that it claims can save mid-tier insurers time and money.

The asset management arm of Spanish insurer Mapfre has been included in a list of companies regarded as the most committed to Socially Responsible Investment (SRI).

Blockchain insurance start-up B3i has released the latest version of its property catastrophe excess of loss reinsurance application and successfully deployed it to production environments ahead of year-end renewals.

Catastrophe investment manager Nephila Capital has rebranded with a new logo, website, and brand identity.

RSG Transactional Risks Europe is the new brand for RSG’s successful transactional risk insurance business which has recently opened an office in continental Europe. Here, its business leaders discuss their strategy to expand its reach and product range with Intelligent Insurer.

Argo has reiterated its decision to conduct a review of governance and compensation matters, run by independent directors, in response to activist investor Voce’s latest criticism of the firm.

AXA has teamed up with the European Space Agency (ESA) to help people in emerging countries access gain access to healthcare.

The United States imposing further sanctions on Turkey creates difficulties for insurers, who may struggle with some of the complexities involved.

RKH Specialty has hired Jason Humphreys and Alex Robinson to add to its specialist aviation team in London as part of its ongoing expansion in aviation. Humphreys will join in February, with Robinson joining a month later once they have discharged their obligations under current contracts at Marsh.

A global study conducted by Hong Kong-headquartered insurance brokerage Pacific Prime found that 97 countries witnessed increases in average international health insurance premiums for both individuals and families.