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10, 2015
Insureon Lands $31M Investment from Oak HC/FT, Accretive
Chicago-based online provider of small business insurance, Insureon, announced $31 million in new funding led by Oak HC/FT, a venture capital fund investing in financial technology companies. Also participating in the round of funding was the private investment firm, Accretive, …
21
10, 2015
For Vermont Police, Checking for Pot-Impaired Drivers Is Work in Progress
It’s common knowledge that driving with blood alcohol content higher than .08 violates the law. But with marijuana, things are a lot more hazy. As Vermont and other states consider following the lead of Colorado and Washington state in legalizing …
21
10, 2015
Kingstone Approved to Write P/C Insurance in Connecticut
Kingstone Companies Inc., a New York-domiciled multi-line property/casualty insurance holding company, today announced that its subsidiary, Kingstone Insurance Company, was granted approval to write P/C insurance in Connecticut from the Connecticut Insurance Department. In addition to New York, Pennsylvania, and …
21
10, 2015
Data Call Deadline Approaching for Property Insurers in Georgia
Personal and commercial property insurers in the State of Georgia have until Oct. 30 to respond to a Data Call from the Georgia Insurance Department. The bulletin for the data call, issued in August, states the information is necessary in …
21
10, 2015
BHSI Adds New Leadership, Expands Executive, Professional Lines Offerings
Berkshire Hathaway Specialty Insurance (BHSI) has added new leadership to its Executive & Professional Lines as part of the company’s expansion of its dedicated underwriting capabilities in the U.S. According to Dan Fortin, senior vice president, head of Executive & …
21
10, 2015
Oswald Companies Names Hedrick as P/C Leader in Cincinnati
The Cleveland, Ohio-based independent insurance brokerage, Oswald Companies, has appointed Jim Hedrick to client experience leader, Property and Casualty. He will be based at the Cincinnati branch of Oswald and serve all of the organization’s P/C divisions. Hedrick brings a …
21
10, 2015
Rivera Appointed CEO of Aon Benfield’s Colombian Reinsurance Business
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc announced the appointment of Sergio Rivera Jiménez as CEO of Aon Benfield Colombia, effective immediately. He reports to Alejandro Galizia, CEO of Aon Benfield Latin America. Rivera has …
21
10, 2015
Munich Re Working with Clients to Develop Solutions for ‘Digitalization’
A bulletin from Munich Re notes that the “risk landscape for insurers and their clients is changing faster than ever before, especially in terms of technologies, services, sales channels and demand patterns.” As a result the world’s largest reinsurer has …
21
10, 2015
Willis Capital Market Report Finds Decline in ILS Issues as Growth Stabilizes
According to the latest ILS report from Willis Capital Markets & Advisory (WCMA), part of Willis Group Holdings plc, “$650 million of non-life Rule 144A catastrophe bond capacity was issued across three transactions in the third quarter of 2015, taking …
20
10, 2015
USAA to Offer Rideshare ‘Gap Protection’ Coverage in Massachusetts
Massachusetts Gov. Charlie Baker and the Division of Insurance announced that the United Services Automobile Association (USAA) has been approved to offer additional “gap protection” coverage to its policyholders who drive their cars for rideshare or transportation network companies (TNC), …