Latest Middle Market Headlines
All the headlines from our Middle Market Topic Page, ordered by recency.
CIC Services Launches Captive Program for Small, Mid-Sized Businesses
Apr 24 2019 // CIC Services, LLC, has created a new program help small- to mid-sized companies establish captive programs for their business. The program is designed for companies that would otherwise not be large enough to consider...
Sayata Labs Raises $6.5M for Cyber Risk Underwriting Service
Mar 28 2019 // Tel Aviv-based Sayata Labs has raised $6.5 million in seed funding for its cybersecurity and data science capabilities that give insurers and brokers the ability to assess the cyber risk of small and medium sized...
PIA Makes Cyber Product Available for Agents to Sell to Small Business Clients
Feb 28 2019 // The National Association of Professional Insurance Agents (PIA National) has given its members a cyber insurance product to sell to their small and mid-sized businesses clients. PIA and ABA Insurance Services (ABAIS) have...
Hartford Revamps Specialty Commercial, Middle Market Before Navigators Closing
Feb 4 2019 // The Hartford announced the new operating model and organizational structure that will be effective upon the closing of its pending acquisition of specialty insurer The Navigators Group, which it expects to finalize in late...
Marsh & McLennan Agency to Acquire Bouchard Insurance of Florida
Jan 22 2019 // Marsh & McLennan Agency LLC (MMA), the middle market agency subsidiary of Marsh, has reached agreement to acquire Clearwater, Fla.-based Bouchard Insurance, a full-service agency in Florida. Terms of the transaction,...
AXA XL, Slice Labs Launch On-Demand Cyber Coverage for Small, Mid-Size Businesses
Nov 5 2018 // Slice Labs Inc., an on-demand insurance cloud provider, and AXA XL, a division of AXA, have launched a new cyber insurance policy specifically designed for small and midsize businesses (SMBs). Powered by Slice’s...
New Munich Re Cyber Reinsurance Product Designed for Small, Mid-Sized Businesses
Sep 28 2018 // Munich Reinsurance America, Inc. (Munich Re) has launched a cyber reinsurance product for regional property/casualty insurance carriers seeking to provide this coverage and associated services to their small and...
New Paladin Cyber Product for Small, Mid-Sized Businesses Launches in Arizona
Sep 25 2018 // Paladin Cyber, a cyber protection and remediation firm, has developed a cyber insurance product tailored for small and mid-sized businesses. Along with its existing software products and services, the new product will...
Ohio’s Hylant Launches Haven Re Group Captive for Middle-Market Businesses
Sep 19 2018 // Toledo, Ohio-based privately held independent insurance brokerage, Hylant, has launched Haven Re, a primary casualty, heterogeneous group captive designed to provide well-performing middle-market businesses an attractive...
Swiss Re Corporate Taps Grabowski to be Head of Middle Market Casualty
Aug 10 2018 // Swiss Re Corporate Solutions has named Chris Grabowksi as head of Middle Market Casualty, responsible for overseeing a team of middle market underwriters across North America and working with brokers and clients. Based in...
Hartford’s Q2 Results Reflect Big Commercial Lines Gain
Jul 27 2018 // The Hartford reported improved results for the second quarter compared to the same quarter last year, particularly in its commercial lines and group benefits businesses. Overall net income was $582 million in second...
Ironshore Forms Onshore Middle Market Energy Equipment Facility
Jul 10 2018 // Ironshore Insurance Services LLC has formed an energy equipment facility offering property and inland marine insurance coverage for onshore middle market classes of business in the U.S. Ironshore’s Syndicated Risk...
Middle Market U.S. Manufacturers Predict Growth, Changing Risk as Technology Transforms the Industry: Report
Jul 2 2018 // The business climate for manufacturing in the U.S. has improved over the past few years, driving both revenue and employment growth for middle market manufacturers. But the industry is also experiencing a period of...
Lewis Succeeds West as Leader of Chubb’s Mid-Market Commercial Lines; Rockwell Named Chief Underwriter
Jun 21 2018 // Chubb has appointed Paul Lewis North America Commercial Insurance Industry practice leader for its North American mid-market segment. He will be responsible for leading Chubb’s Commercial Insurance Industry practices...
IAT Insurance Acquires Excess and Umbrella Business from Rockhill Insurance
Mar 23 2018 // IAT Insurance Group (IAT) has reached a definitive agreement to acquire the renewal rights and certain associated assets for a book of surplus lines excess and umbrella insurance business from Rockhill Insurance Group....
How Cyber FICO Ratings Could Benefit Insurance Underwriting
Mar 7 2018 // Nearly 30 years ago the Fair Isaac Corp. (FICO) first introduced its metric for measuring creditworthiness. Since then, the FICO Score has become a default metric used by countless market participants to facilitate...
Hartford Steam Boiler Launches HSB Cyber Suite for Mid-Sized Businesses
Jan 26 2018 // Hartford Steam Boiler Inspection and Insurance Company (HSB), part of Munich Re, has introduced HSB Cyber Suite, a comprehensive cyber insurance coverage designed for small to mid-sized businesses and other...
People
Jan 22 2018 // Salt Lake City, Utah-based Leavitt Group Insurance Advisors has named Mike Scott a senior risk advisor and director of program business. Scott will focus on middle markets, large accounts, and hard-to-place specialty...
Coalition, a Cyber Insurer and Cybersecurity Firm, Makes Its Debut
Dec 6 2017 // Coalition is making its formal debut into the cyber insurance space, but with a twist. The San Francisco-based startup is also a cybersecurity firm. Founded in March 2017, Coalition is co-founded by technology...
Cyber Was Focus of California Symposium for Small and Mid-Sized Businesses
Oct 13 2017 // There are more than 4,000 cyber-attacks each year aimed at small- to mid-sized businesses, many of which are exposed because they haven’t given cyber security a high enough priority, according to Stephanie...
