business moves News

SCI Underwriting Management Expands Efforts in Top 20 Claims Volume States

Mass.-based SCI Underwriting Management LLC, a managing insurance agency with a focus on the aging service industry, recently announced an expansion in its efforts in states ranked in the top 20 in claim volume for the nursing home/long-term care industry. …

Mullis Newby Hurst Expands With New San Antonio Office

Mullis Newby Hurst LP (MNH), a writer of construction insurance and surety bonds in the southwest, recently hired David Layman to expand to San Antonio, Texas. Layman has served as Head of Contract Surety Underwriting for NAS Surety the past …

Boat History Report Partners With NICB

The National Insurance Crime Bureau is pleased to announce that Boat History Report (www.boathistoryreport.com), a provider of watercraft history information for buyers and sellers of used boats, has joined the organization as a strategic partner. By accessing Boat History Report’s …

Global Indemnity to Purchase American Reliable Insurance Company

Global Indemnity’s U.S. affiliate agreed to purchase American Reliable Insurance Company from Assurant, Inc. In a transaction with an enterprise value of approximately $394,000,000, Global Indemnity’s U.S. division will pay approximately $114,000,000 in cash to Assurant at closing (which could …

Erie Insurance Expands Into Kentucky

Erie Insurance announced its entry into the Kentucky market, offering auto, home and life insurance to residents of the state. This marks the first geographic expansion by the company in more than 10 years. The company offers insurance through independent …

ABRA Adds Midwestern Locations

Minnesota-based ABRA Auto Body & Glass, a national damaged vehicle repair company, announced the opening of its newest franchise in Fort Madison, Iowa, along with the acquisition of Corpo Collision Center in Schaumburg, Ill. It’s ABRA’s 50th franchise and the …

Berkley FinSecure Announces Formation of Berkley Crime Unit

Maryland-based Berkley FinSecure, a W .R. Berkley company, announced the formation of Berkley Crime, an operating unit focused solely on offering a wide range of crime related insurance products. The crime underwriting team, which was originally established in 2008 as …

Aquiline Capital Partners Investing in Worley Claims Services

Aquiline Capital Partners LLC, a New York-based private equity firm, announced it is acquiring a majority stake in Worley Claims Services, headquartered in Hammond, La. Founded in 1976, Worley provides of claims adjustment and related services across the United States. …

High Net Worth Insurer Expands into Indiana

Crestbrook Insurance Co., an affluent market personal lines offering from Nationwide, announced its expansion into Indiana. Crestbrook offers insurance products through appointed agents and brokers that address the unique coverage needs for home, auto, collections, personal excess liability, secondary residences …

AIG Offers $1B Casualty Capacity for North American Rail Companies

American International Group, Inc. announced that it has expanded excess casualty liability limits for Class 1 railroads in the U.S. and Canada to $1 billion per occurrence. This coverage for catastrophe losses would be in excess of $1.5 billion in …