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Tuesday, December 7, 2021

Across the P&C insurance coverage {industry}: November 17, 2021

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Information from Alera Group, XPT, NFP and extra. (Picture: Shutterstock)

Alera Group acquired IHS Insurance coverage Group, an unbiased insurance coverage brokerage that sells Medicare plans, medical insurance, life insurance coverage, auto, house, dental & imaginative and prescient and extra.

Alera Group additionally bought McSherry & Hudson Insurance coverage Companies, an unbiased, full-service insurance coverage brokerage agency providing property and casualty, industry-specific danger administration, surety, loss management, claims and worker advantages.

XPT named Tom Mansfield as senior vice chairman. He will likely be main this collaborative observe group giving shoppers distinctive entry to a broad vary of carriers and applications resulting in a wider, extra complete vary of options.

NFP acquired Foster Park Brokers Inc., a Western Canada unbiased insurance coverage brokerage. This can be a main step in NFP’s efforts to considerably increase its presence in Western Canada. Foster Park has 135 workers throughout 4 workplaces which give industrial and particular person options in P&C insurance coverage, life and group advantages, personal consumer companies, and bonding and surety to shoppers throughout Western Canada.

Topa Insurance coverage Group introduced a brand new proprietary and unique industrial property program with FTP of California. Accessible in a number of states nationwide, this system provides monoline property on a main and full-limit foundation. This system focuses on dangers with values as much as $50 million.

Wooden Brothers Insurance coverage joined Valley Insurance coverage Company Alliance, a household of almost 150 unbiased insurance coverage businesses in Missouri and Illinois. Licensed insurance coverage agent Cassie Tanner, who has 5 years of insurance coverage {industry} expertise and greater than 20 years of customer support background, just lately joined Wooden Brothers Insurance coverage to deal with the insurance coverage wants of the sister firm’s house patrons and actual property buyers.

Fleet Response celebrated the opening of its new headquarters. Fleet Response HQ, positioned in Hudson, Ohio, will accommodate the corporate’s rising employees and supply a variety of companies together with auto, property and normal legal responsibility claims administration in addition to subrogation companies.

Argo Group Worldwide Holdings, Ltd. bought the renewal rights of its U.S. specialty property enterprise to Westfield Insurance coverage. As part of the transaction, a number of members of Argo’s U.S. specialty property workforce may have the choice to hitch Westfield and proceed to serve this market. This transaction contains Argo’s shared and layered property enterprise, which underwrites catastrophic-focused E&S property protection by way of choose wholesale brokers. Argo’s small to medium enterprise property insurance policies will not be included on this transaction. Argo will proceed to honor and repair all insurance policies presently in pressure.

USI Insurance coverage Companies acquired Bellevue, Washington-based Griffin MacLean Insurance coverage Brokers. Based in 1981, Griffin MacLean is an unbiased insurance coverage brokerage operation serving companies and people all through Washington and Alaska. Phrases of the transaction weren’t disclosed.

Canopius Group is partnering Samsung Fireplace and Marine Insurance coverage, its substantial minority shareholder and enterprise associate, to underwrite U.S. admitted enterprise on its extremely rated A++ paper. This settlement marks probably the most vital enterprise cooperation thus far between the 2 events as they search to develop alternatives in partnership throughout the globe.

Marguerite Dixen established Adroit Basic Company, a managing normal company offering employees’ compensation insurance coverage together with a full vary of technology-driven security, loss prevention and claims administration options for employers susceptible to high-severity losses.

Insurance coverage Business Charitable Basis bought out its fifteenth Anniversary IICF Northeast Division Annual Profit Occasion, which helps facilitate neighborhood grants within the New York tri-state area. Held just about final yr consistent with pandemic protocols, IICF is happy to host this annual charitable gala and dinner, returning to an in-person occasion on Tuesday, December 7, 2021, at 6:00 p.m. on the Ziegfeld Ballroom in New York Metropolis.

Claimatic introduced that the United States Patent and Trademark Workplace granted a patent for the corporate’s clever decisioning software program that routinely triages, routes and assigns hundreds of claims in seconds. Patent No. 11,151,658 is the primary patented claims triage and task know-how able to leveraging real-time, dynamic geo-location of area assets, based on the corporate.

QBE North America launched a brand new ad marketing campaign designed to lift consciousness of the experience, worth and partnership QBE brings to its clients.

Associated: Across the P&C insurance coverage {industry}: November 10, 2021

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