Mark Hollmer

/Mark Hollmer

About Mark Hollmer

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So far Mark Hollmer has created 29 blog entries.
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 …

18 12, 2020

Openly, High-End Home Insurance MGA, Secures $40M for National Expansion

By | December 18th, 2020|Uncategorized|Comments Off on Openly, High-End Home Insurance MGA, Secures $40M for National Expansion

Openly, an insurtech managing general agency for high-end homeowners insurance, raised $40 million of venture capital from multiple investors. The investment will fuel a national expansion, hiring and further technological development. “The reception has been phenomenal,” Openly co-founder and CEO …

11 12, 2020

Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering

By | December 11th, 2020|Uncategorized|Comments Off on Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering

Digital small business insurer Next Insurance has closed its first acquisition, buying Juniper Labs, a Denver-based provider of data and underwriting technology. With the acquisition, Next said it will focus on innovation in workers’ compensation and general liability product offerings …

30 10, 2020

Why It’s a Good Time for Insurtechs to Be Thinking About Mergers

By | October 30th, 2020|Uncategorized|Comments Off on Why It’s a Good Time for Insurtechs to Be Thinking About Mergers

The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially grow in the months ahead, an insurance industry expert believes. “InsurTech is reaching a point where [startups] must decide whether …

24 09, 2020

Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade

By | September 24th, 2020|Uncategorized|Comments Off on Next Insurance Attracts $250M in New Financing; Its $631M to Date Beats Lemonade

Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google’s independent growth fund, led the Series D round. But existing investor Munich Re Group also participated in …

18 09, 2020

InsureTech Connect Delays Virtual Conference Until October for Networking Signups

By | September 18th, 2020|Uncategorized|Comments Off on InsureTech Connect Delays Virtual Conference Until October for Networking Signups

Four days before it was scheduled to go live, organizers of the popular annual insurance and technology conference, InsureTech Connect, announced they are postponing the now virtual 2020 conference by one month, ITC will now run from Oct. 19- Oct. …

21 08, 2020

Lemonade Cites Progress Despite Loss in Its First Public Earnings Report

By | August 21st, 2020|Uncategorized|Comments Off on Lemonade Cites Progress Despite Loss in Its First Public Earnings Report

Lemonade, an insurtech selling home, renters and now pet insurance, lost money in its 2020 second quarter, according to its first earnings disclosure as a public company. That’s not a surprise, as the strategy for the startup insurer that was …

6 08, 2020

AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’

By | August 6th, 2020|Uncategorized|Comments Off on AIG’s Zaffino Sees COVID-19 Creating Beneficial ‘Flight to Quality’

AIG President and Chief Operating Officer Peter Zaffino said that the insurer has seen accelerated rate improvements and other gains as clients react to the ongoing COVID-19 pandemic. “We believe that COVID has resulted in a flight to quality and …