Lloyd’s announced it is investing in Layr, a cloud-based commercial insurance platform for small businesses looking to purchase liability insurance. The investment follows Layr’s successful trial in the Lloyd’s Lab, which gives insurtech startups the opportunity to work with Lloyd’s …
Guy Carpenter & Co., the global risk and reinsurance specialist and a wholly owned subsidiary of Marsh & McLennan Cos., announced a series of international leadership appointments to facilitate the integration of Jardine Lloyd Thompson Group plc, which was acquired …
Beachwood, Ohio-based insurance program manager, International Excess, has appointed Kathleen Brown-Hurtado vice president of Specialty Programs. She will be spearheading the company’s Cannabis Insurance division. Brown-Hurtado’s expertise extends to property, directors and officers, professional liability and various liability coverages. Brown-Hurtado …
Assured Risk Cover (ARC) has hired Tom Freeland as Market president and investor. Freeland will be responsible for growing the revenue streams of its Florida-based StormPeace residential and commercial parametric insurance product. Freeland has worked with startups as well as …
Ryan Specialty Group has agreed to acquire the assets and operations of Atlantic Specialty Lines, Inc. (ASL), a privately-owned wholesale insurance brokerage headquartered in Richmond, Virginia, with additional locations in Illinois, Florida, Louisiana, New York, Pennsylvania and Texas. The ASL …
Ohio-based national insurer Progressive has joined the ranks of carriers offering small businesses a platform to buy insurance quickly and simply. The insurer’s new online BusinessQuote Explorer (BQX) delivers multiple quotes from other carriers. Currently, BQX offers quotes for business …
Hannover Re announced that Jean-Jacques Henchoz has stepped into the role of chief executive officer, succeeding Ulrich Wallin who is retiring. Prior to joining Hannover Re, Henchoz had been in charge of the region Europe, Middle East and Africa (EMEA) …
New York state says it has deployed more than 800,000 sandbags, hundreds of pumps and 920 feet of temporary dams in eight counties along Lake Ontario in preparation for potential flooding. Governor Andrew Cuomo said Sunday that officials are concerned …
The Hilb Group LLC (THG) has acquired Summit Insurance Services LLC (SIS), the insurance operations of Summit Financial Group Inc. of Moorefield, West Virginia. The transaction became effective May 1, 2019. SIS is an insurance agency that primarily provides employee …
German reinsurer Munich Re reported a 23.5 percent decrease in its first quarter net profit to €633 million ($708.6 million) from €827 million ($925.7 million) in Q1 2018. The world’s largest reinsurer blamed the profit drop on “higher basic losses …
