business moves News

The Hanover Launches New Suite of Cyber Coverages

Massachusetts-based The Hanover Insurance Group announced the launch of a new suite of cyber products designed to help protect small to mid-sized businesses from losses related to data breaches and cyberattacks. “With hackers and malicious programs becoming increasingly sophisticated, data …

Heritage Insurance Holdings Expands Into 4 States

Heritage Insurance Holdings, Inc., a property and casualty insurance holding company based in Clearwater, Fla., announced today that its subsidiary, Heritage Property & Casualty Company, applied to expand into North Carolina, South Carolina, Massachusetts and Rhode Island. Heritage P&C has …

Verisk Insurance Solutions Launches Device Reputation Service

Verisk Insurance Solutions, a source of information about property/casualty insurance risk, and iovation announced the launch of the Verisk Device Reputation Service, a tool to help insurers prevent fraud by exposing the reputation of Internet-enabled devices. The tool uses proprietary …

Ace to Acquire Chubb for $28.3B

Evan Greenberg extended an acquisition spree at his Ace Ltd. by agreeing to purchase Chubb Corp. for $28.3 billion in cash and stock. Ace will own 70 percent of the company after the transaction closes, and Greenberg will lead the …

AIR Adds Storm Surge Feature to U.S. Hurricane Model

Catastrophe risk modeling firm AIR Worldwide (AIR) has updated its hurricane model for the U.S. to help insurers and reinsurers better understand and quantify the risk from hurricanes. The update features a hydrodynamic storm surge module that integrates storm parameters …

Vista Equity Partners to Acquire EagleView Technology

EagleView Technology Corporation, a technology provider of aerial imagery, data analytics and GIS solutions, announced that it has entered into a definitive agreement to be acquired by Vista Equity Partners, a private equity firm focused on software, data and technology-enabled …

Zurich Announces New Last Minute Response Team for Hurricane Prep

Last week, Zurich Insurance launched a new pre-emergency response team to assist business owners in dealing with last minute risk assessment and quick fixes two to four days prior to the arrival of an impending hurricane. Bringing in on site …

FM Global Publishes Comprehensive Index of Countries’ Building Codes

FM Global, a global commercial and industrial property insurer, announced the publication of the first-ever index of many of the world’s building codes. The 2015 FM Global Country Building Codes Index is a PDF document available at no charge and …

Marsh Launches Analytics-Driven Diagnostic Tool to Reduce TCOR

Marsh, an insurance broking and risk management firm, announced a new casualty cost diagnostic tool powered by analytics that provides clients enhanced awareness of their casualty program costs and trends and shares strategies on how to further control their casualty …

The Hartford Announces Multi-Year Sponsorship of Major League Baseball

The Hartford and Major League Baseball (MLB) announced a multi-year sponsorship that will make The Hartford an “Official Sponsor of Major League Baseball” and the exclusive business insurance, homeowners insurance and employee benefits partner of MLB. The sponsorship includes the …