Business News: Lemonade, Berkshire BHSI, DOXA Insurance Holdings

May 18, 2017
Lemonade Moves Into California

Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout the Golden State. Californians can now buy homeowners and renters insurance in seconds at lemonade.com, or through the Lemonade app, and choose a cause to ‘Giveback’ to.

California marks the third state in Lemonade’s nationwide expansion, and puts Lemonade on track to reach the majority of the US population in a matter of months.

BHSI Launches Casualty Platform, Names Leeks Head of Casualty, UK & Southern Europe

Berkshire Hathaway Specialty Insurance (BHSI) announced that it is introducing Public and Products Liability Insurance in the UK, Ireland and Southern Europe, and Employer’s Liability Insurance in the UK and Ireland, while naming Martin Leeks, senior vice president, Casualty, UK and Southern Europe.

Along with local casualty coverage in the UK and Southern Europe, BHSI will provide multinational programs and underwrite certain targeted trades via Coverholders.

Leeks comes to BHSI with 26 years of casualty underwriting experience, most recently at Mitsui Sumitomo at Lloyd’s. Before that, he was senior underwriter at Chartis (AIG) Cat Excess and held casualty underwriting roles at ACE Europe and Zurich. He began his career handling international claims. He is based in BHSI’s office in London and can be reached at martin.leeks@bhspecialty.com.

Promont Advisors and ProPoint Claims Services join DOXA Insurance Holdings

DOXA Insurance Holdings, LLC, an Indiana based private equity fund focused on purchasing Managing General Agents nationwide, is pleased to announce the acquisition of Promont Advisors and ProPoint Claims Services. Chicago-based Promont and Propoint specialize in providing insurance and claims administration for difficult classifications of business in the allied health space, along with hard-to-place religious institutions, hotels, motels, apartment complexes and professional liability. Both organizations are recognized for their in-depth general liability and property underwriting expertise for the businesses they insure. Promont has underwriting authority on behalf of several “A” rated or better insurance companies.

Promont will operate and market as Promont Insurance Advisors with its brand approach aligning with overall DOXA Insurance strategies. More information about Promont Insurance Advisors is available at www.promontadvisors.com.

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