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29 09, 2020

CAC Specialty Adds Martin, Flynn, Kasperkowiak to M&A Solutions Group

By | September 29th, 2020|Uncategorized|Comments Off on CAC Specialty Adds Martin, Flynn, Kasperkowiak to M&A Solutions Group

CAC Specialty has made several new hires to its M&A Solutions Group. Cameron Martin and Katie Flynn have been named senior vice presidents to the M&A Solutions Group, and Erica Kasperkowiak was named senior vice president of the newly created …

29 09, 2020

Florida Supreme Court Caps High School Shooting Liability at $300K

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The Florida Supreme Court ruled Thursday that a school district can’t be forced to pay more than $300,000 total to the victims or their families in the Parkland high school massacre that left 17 people dead and another 17 wounded. …

29 09, 2020

Close Call with Laura Renewed Debate over Houston Storm Surge Barrier

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Houston, a Gulf Coast city that barely rises above sea level, has long worried about a worst-case weather scenario — a direct hit from a powerful storm that sends a wall of water barreling into the region’s petrochemical facilities, possibly …

29 09, 2020

Finding Niches: Reinsurance MGAs Carving Out Special Market Slices

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Reinsurance managing general agents are a rare breed as opposed to their more prevalent insurance-focused counterparts. The successful reinsurance MGAs have a niche, a focus. What they have in common is they are not commodity players. They aim to bring …

29 09, 2020

Reinsurance Experience in Africa, Asia Sets MGA Tempo Underwriting Apart

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Tom Bailey, executive director of Tempo Underwriting, has a theory about what it takes to build a business based on the reinsurance MGA model. “For a reinsurance MGA to be successful and to have a strong offering, you have to …

29 09, 2020

Envelop Risk Paves the Way as Insurtech Reinsurance MGA

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Managing general agents for reinsurance are rare. Reinsurance MGAs that write cyber are even rarer, which is the world that Envelop Risk inhabits. “We think we’re the only insurtech firm involved in cyber reinsurance from an underwriting perspective,” said Jonathan …

29 09, 2020

MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap

By | September 29th, 2020|Uncategorized|Comments Off on MGA New Paradigm Aims to Bridge the Natural Catastrophe Protection Gap

Evan Glassman saw a gap in the property insurance market—literally. Glassman, working as a retail producer in south Florida for most of his career, realized that the insurance industry’s products were not fully addressing the needs of commercial property insurance …

28 09, 2020

Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm

By | September 28th, 2020|Uncategorized|Comments Off on Insurer Ping An Taps Rising Demand for Chinese Assets with Offshore Management Arm

Ping An Insurance (Group) Co., China’s largest insurer by market value, is tapping growing global demand for Chinese assets to expand its offshore asset management business as competition with foreign entrants intensifies. The overseas asset management arm aims to increase …

28 09, 2020

Mississippi Receives $23M in Federal Funds for Flood Relief

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Mississippi has received nearly $23 million in emergency relief funds from the U.S. Department of Transportation to repair federal roadways that were damaged by severe flooding. U.S. Sen. Cindy Hyde-Smith announced the five Federal Highway Administration awards on Thursday, according …

28 09, 2020

Florida Peninsula Promotes Gonzalez to Director of Agency Support

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The Florida Peninsula Insurance family of companies, which includes Edison Insurance Co., has promoted Mariella Gonzalez to director of Agency Support. In addition to her current role as director of Community Involvement, Gonzalez will now oversee all agent support functions …