Yearly Archives: <span>2021</span>

Applied Systems to Acquire EZLynx, Comparative Rating, Agency Management Vendor

Insurance technology firm Applied Systems has agreed to acquire EZLynx, an agency management system vendor and pioneer in real-time comparative rating . Applied said the acquisition is complementary and will expand its portfolio of agency management and rating technologies for …

Willis Towers Watson Adds Shanghai to Global Markets Property/Casualty Hub

Willis Towers Watson, the global advisory, broking and solutions company, announced the addition of Shanghai to its global property and casualty hub, aimed at enhancing the company’s global placement model for clients. The Global Markets P&C Hub further strengthens the …

New Wave of Virus Claims Hit California Workers’ Comp

A California Workers’ Compensation Institute analysis of claims reported to the state Division of Workers’ Compensation as of Jan. 11 shows that the number of COVID-19 claims in the California workers’ compensation system more than tripled between October and November, …

Uber Appealing $59M Fine in California Over Sex Assault Data Request

Uber Technologies Inc. on Wednesday appealed a $59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ridesharing platform. The California Public Utilities …

Vermont Man Facing Eight Arson Charges for Stowe Fires

A Stowe man is facing eight arson charges that he set a series of fires over nearly two years that caused more than $1.5 million in damage, police said Wednesday. Police say Jeffrey Nolan, 62, admitted to setting a fire …

Hub International Acquires Massachusetts’ Alpha Pension Group

Hub International Limited (Hub), a full-service global insurance broker, has acquired Alpha Pension Group Inc. Terms of the transaction were not disclosed. Headquartered in Boston, Mass., Alpha Pension Group is a retirement consulting firm that provides investment analytics, fiduciary governance …

Marsh Unveils 15 Cybersecurity Vendors Insurers Rate Most Effective

Global insurance broker Marsh has unveiled for the second time its group of Cyber Catalyst designated products and services judged by leading cyber insurers to be effective in combating significant cyber risks, including ransomware and data management. This year’s cohort …

World Insurance Associates Acquires New Jersey’s True & Associates

World Insurance Associates LLC (WIA) acquired True & Associates of Westfield, N.J. on December 31, 2020. True & Associates is its largest property/casualty acquisition to date. Terms of the transaction were not disclosed. True & Associates is a multi-line full-service …

Warming Arctic Is Key to Understanding Climate Change Risks, Experts Say

HONG KONG/BRUSSELS – The environmental transformation happening in the Arctic is key to understanding the potential global impacts of climate change, an Alaska Native leader and a polar explorer told the Reuters Next conference on Monday [Jan. 11]. With climate …

Catlin’s Convex Group Raises Capital of $500 Million

Convex Group Ltd. has secured $500 million in committed preferred equity capital from affiliates of Sixth Street, a leading global investment firm. The investment follows Convex’s recent $1 billion capital raise from a consortium led by Onex and GIC, in …