Mark Hollmer

/Mark Hollmer

About Mark Hollmer

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So far Mark Hollmer has created 26 blog entries.
20 08, 2021

Digital Auto Insurer Root Will Add Independent Agents to Its Distribution

By | August 20th, 2021|Uncategorized|Comments Off on Digital Auto Insurer Root Will Add Independent Agents to Its Distribution

Digital auto insurer Root saw its loss ratio spike in the 2021 second quarter as higher costs for repairs, used vehicles and miles driven rose above pre-pandemic levels. But the Ohio-based insurer continues to report growth in its premium volume, …

16 07, 2021

In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

By | July 16th, 2021|Uncategorized|Comments Off on In Its Quest for Diversity, Insurance Industry Finds One Size Does Not Fit All

In the wake of massive protests last year focused on racial equity and social justice, insurers are among the many industries confronting the need to incorporate more diversity into their hiring and business practices. There are many different ideas in …

2 07, 2021

Insurers’ Own Infrastructure Could Be Text Targets of Cyber Criminals

By | July 2nd, 2021|Uncategorized|Comments Off on Insurers’ Own Infrastructure Could Be Text Targets of Cyber Criminals

As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert. With “a lack of controls at [an] insurer, [you] could have catastrophic damages to an entire portfolio,” said Jack Kudale, …

13 05, 2021

MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets

By | May 13th, 2021|Uncategorized|Comments Off on MGA Pouch Debuts With ILS Capital Backing, Telematics for Small Commercial Fleets

Pouch, an insurtech MGA using telematics to reward small businesses for safe driving, disclosed it has raised some initial financing that will help accelerate its launch into the commercial auto insurance market. ILS Capital is behind the seed round. The …

23 04, 2021

CEO Swift Optimistic About The Hartford’s Position as Economic Recovery Begins

By | April 23rd, 2021|Uncategorized|Comments Off on CEO Swift Optimistic About The Hartford’s Position as Economic Recovery Begins

The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and that related concerns about business interruption claims have become minimal. “I have never been more excited about The Hartford’s future,” …

23 04, 2021

Hartford CEO Optimistic About COVID, Business Interruption Claims, Economy

By | April 23rd, 2021|Uncategorized|Comments Off on Hartford CEO Optimistic About COVID, Business Interruption Claims, Economy

The Hartford CEO Christopher Swift expressed confidence that the property/casualty insurer has weathered the worst of the COVID-19 pandemic and that related concerns about business interruption claims have become minimal. “I have never been more excited about The Hartford’s future,” …

14 04, 2021

Chubb CEO Greenberg Reiterates Call for Litigation Reform

By | April 14th, 2021|Uncategorized|Comments Off on Chubb CEO Greenberg Reiterates Call for Litigation Reform

Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a “systemic” worsening of the legal environment and its harmful impact on the insurance industry. …

19 03, 2021

Chubb Bids for The Hartford’s ‘Crown Jewel’ and More

By | March 19th, 2021|Uncategorized|Comments Off on Chubb Bids for The Hartford’s ‘Crown Jewel’ and More

Five years ago, Evan Greenberg led ACE’s nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. Now, the insurer is gunning for even larger size …

15 01, 2021

Lemonade Eyes Sale of 3 Million Shares in Secondary Offering

By | January 15th, 2021|Uncategorized|Comments Off on Lemonade Eyes Sale of 3 Million Shares in Secondary Offering

Digital insurer Lemonade has announced plans to sell 3 million shares of common stock to raise money for “general corporate purposes.” The New York-based insurtech could raise as much as $808 million, according to its regulatory filing announcing the stock …

14 01, 2021

For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts

By | January 14th, 2021|Uncategorized|Comments Off on For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts

Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. The broker announced in November that it bought digital property/casualty insurance marketplace …