business moves News

Business News: Liberty Mutual, Lemonade, FM Global, QBE

Liberty Mutual Insurance Introduces 2 New Excess Casualty Offerings Liberty Mutual Insurance launched two new excess casualty products: the Utility Follow Form Excess for the power and utility sectors, and the Integrated Occurrence Form for the large corporate sector. Both …

Business Moves: Hudson Insurance, iovation, Verisk, Understory

Hudson Insurance Group Launches New Commercial Excess and Umbrella Unit New York City-based Hudson Insurance Group announced the launch of its new Commercial Excess and Umbrella business. The new unit will provide coverage on a non-admitted basis in all 50 …

Business Moves: XL Catlin, General Star, Property Drone Consortium

XL Catlin Boosts Global Property Insurance Capacity to $400M To accommodate increasing property values around the world and more complex risks, XL Catlin extended its global property insurance capacity to $400 million (USD), a more than 25 percent increase from …

Business Moves: Alacrity Services, Oriel Services, AIR Worldwide, CCC

Alacrity Services Announces Market Expansion With Launch Of Resolve Homeowner Program Alacrity Services launched Resolve to directly connect homeowners to its network of pre-screened restoration and repair contractors. The announcement marks a first-time expansion for the company from its core …

Business Moves: Genex, EFI Global, Vale Training, Property Drone Consortium

Genex Services Acquires IME Provider OMAC Genex Services, a medical cost containment and disability management service provider,  announced the acquisition of Objective Medical Assessments Corp. (OMAC), a provider of independent medical examinations (IME) and peer review services for the workers’ …

Business News: Rising Tide Partners, LexisNexis, GEICO

Free Testing of New Training in Claims Communication and Negotiation Rising Tide Partners (formerly Insurance Learning Systems) announced an invitation to claims organizations to register their adjusters for complimentary seats at a beta release of The 360° Adjuster, its new …

Business Moves: Coverys, Worley, Guidewire

Coverys Acquires MRM Group Coverys announced its acquisition of MRM Group, LLC, a patient safety and risk management solutions company based in Hartford, Conn. The transaction was finalized on July 29, 2016. MRM Group, formed in 2003, offers a broad …

Business News: The Hartford, Maxum, Care Bridge International

The Hartford’s Acquisition of Maxum Complete The Hartford has completed its acquisition of Maxum Specialty Insurance Group for $168 million in cash. The transaction closed on July 29, 2016. Maxum will maintain its brand and limited wholesale distribution model and …

Business News

SUNZ Unveils New Brand Identity SUNZ Insurance Company, which provides large deductible workers’ compensation programs to Professional Employer Organizations (PEOs), staffing agencies and self-insured employers, launched its new brand identity. The new brand identity includes a new corporate logo and …

Business Moves

Prime P&C Casualty Insurance Enters Florida Commercial Auto Market Prime Property and Casualty Insurance Inc. (PPCI) has entered the Florida commercial auto market as an admitted carrier specializing in insurance services for distressed and substandard risks. PPCI offers the capacity …