Veterans life insurance

Around the P&C insurance industry: July 13, 2022

News from Ryan Specialty, Rokstone, Cowbell Cyber ​​and more. (Photo: Shutterstock)

Ryan Specialty announced that effective July 1, 2022, opened an office in Madrid as the next step in the evolution of the company’s general transactional risk management underwriter, Ryan Specialty Transactional Risks International. Madrid is the firm’s third European/UK office, the second in Spain, and is led by Marta Batalla, Spanish Branch Manager, Ryan Specialty Transactional Risk International. The Madrid office focuses on the core transactional risk products of Guarantee and Indemnity Insurance and Commercial Tax Liability Insurance, serving brokers across continental Europe.

rockstone stone launched an Anti-Terrorism Facility for United States and Caribbean risks with a limit of $255 million (USD) – one of the largest anti-terrorism limits available on the market.

The Liberty Company Insurance Brokers in partnership with Radosevic Insurance of North Canton, Ohio. Led by Managing Partners Mark Radosevic, Nicole Weiss and Michael Radosevic, Radosevic Insurance brings over 200 years of combined insurance experience with expertise in many facets of the business, including personal, commercial, life and financial. Operating in the greater Stark County area since 1950, the company has been able to grow its business and offer sound advice for nearly 70 years and believes that long-term relationships that encourage open and honest communication have been the cornerstone of its foundation.

Bdeo in partnership with the Hollard Insurance Company and officially launched in the South African market. The two companies have entered into a strategic collaboration to help streamline Hollard’s entire auto claims assessment and damage repair process. Bdeo’s Visual FNOL technology enables Hollard policyholders to collect proof of auto insurance claims through a self-guided image and video capture solution and provide the information to Hollard assessors in real time to conduct assessments remotely .

National Insurance Company Limited selected Competent as a strategic technology provider to accelerate and help manage its digital transformation. NICL is one of the leading public sector general insurance companies in India.

Cyber ​​Cowbell in partnership with Palomar Excess & Surplus Insurance Company. The expansion of Cowbell’s relationship with Palomar doubles the reinsurance capacity available to Cowbell Prime 250, Cowbell’s cyber coverage for companies with revenues up to $250 million. The deal brings Cowbell’s total global reinsurance panel to 9 providers – including Cowbell Re.

Mosaic Insurance recognized for its revolutionary insurtech platform that innovates risk management, streamlines industry processes and improves operational efficiency. Mosaic was named the winner of the Damages/Medium Losses category in the Data/Analytics category of Aite-Novarica Group’s 2022 Insurance Technology Impact Awards for its Real-Time Underwriting Analytics Portal. The awards, now in their 11th year, recognize IT initiatives and projects that have generated significant business impact within organizations in the industry.

Better view launched the company’s new Catastrophe Response System, which solves many of the biggest challenges insurers face when responding to natural disasters such as hurricanes, wildfires, and more.

modern american was named Best Place to Work in the Greater Cincinnati Area for the ninth consecutive year. American Modern ranked ninth in the large company category in the Best Workplaces Cincinnati survey and was recognized for outstanding achievement in three areas: work-life balance, innovation and leadership.

Coalition announced that it has raised an additional $250 million to accelerate its rapid growth, fuel its international expansion and expand the services offered by Coalition to help organizations manage digital risk. This funding cycle closed in June with the participation of Allianz XValor Equity Partners, Kinetic Partners and other existing investors, increasing Coalition’s valuation from $3.5 billion to $5 billion.

load security launched its new brand identity, which has been designed to reflect the development of the business since its initial founding in 2018. The new brand highlights the maturation of technology-based cargo protection offered by Loadsure, whose products open up new business for the freight insurance market, while benefiting the freight industry by enabling policyholders to manage risk more easily at a sustainable price. Loadsure has rebuilt its website to coincide with the launch of the new brand, with a clearer path for intermediaries and policyholders to find all the information they need: loadsure.net.

Island Insurance CompanyLtd., recognized by the neighborhood group as one of the top 50 P&C insurers in the nation – an honor no other company in Hawaii has achieved for a record 15 consecutive years.

NFP established NFP Captive Management Corp. and grew its complex risk solutions group with the addition of two industry veterans in captives and alternative risks. These changes, in conjunction with the recently enacted Alberta Captive Insurance Companies Act (the Act), will allow NFP to establish and administer Alberta-domiciled captive insurance companies for their clients. The Act established a captive insurance regime in Alberta where an organization can insure itself against risks instead of purchasing insurance from a third party. The law entered into force on July 1, 2022.

Mosaic Insurance opened an office in Toronto, Ontario, and hired underwriting specialist Ian Fraser to lead the company’s expansion into the Canadian specialty insurance market. Fraser joins as President of Mosaic Insurance Services Canada Inc., responsible for operational strategy and growth, with primary lines of business including professional liability, cyber, financial institutions and transactional liability.

LLC Specialty Programs Group acquired ESP Insurance Brokerage LLC, a national insurance broker and program administrator for the sports, events and promotions marketing and entertainment industries. Based in Worcester, MA, ESP offers nationwide coverage and exclusive programs with an in-house underwriting and liaison authority and A+ rated carriers. Niche solutions include sports insurance for teams/leagues, camps and tournaments, insurance for entertainment, leisure and sports facilities, event liability and cancellation, prize indemnity, weather insurance, liquor liability and special event liability.

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