New Jersey-headquartered Specialty Program Group LLC (SPG) has acquired the assets of Euclid Specialty Managers, LLC, which does business as Euclid Fiduciary, from Euclid Insurance Services, Inc. Euclid Fiduciary, based in Vienna, Virginia, is a managing general agency specializing in …
Farmers Edge Inc., a firm that uses artificial intelligence to help growers boost crop yields, is seeking to raise about C$100 million ($79 million) in an initial public offering to strengthen its finances and repay debt. The Winnipeg, Manitoba based …
Specialty insurer Hudson Insurance Group has agreed to acquire the Allegheny Group Inc. (AGI) and its subsidiaries from its private shareholders. Hudson, by acquiring Pennsylvania-based AGI, will own Allegheny Surety Co., a Pennsylvania insurance company, and Allegheny Surety Agency, the …
Hudson Insurance Group has released commercial trucking coverage for independent contractors that is now offered through retail producers in select states. Coverage includes occupational accident, contingent liability, truck physical damage and workers’ compensation, as well as non-trucking liability. Hudson has …
Hudson Insurance Group has made two appointments in its commercial auto business. Chris Homewood has been named senior vice president and head of Hudson’s commercial auto unit, while Ron Honken has been appointed senior vice president, director of marketing and …
Hudson Insurance Group has unveiled a new national architects & engineers professional liability insurance program that will be available exclusively through Professionals’ Best Underwriters. Beginning June 1, 2019, this product will be distributed by Professionals’ Best Underwriters’ limited network of …
Corvus Insurance, an insurtech managing general agent, has released a new cyber insurance offering for organizations with up to $1 billion in annual revenue. The new Smart Cyber Insurance product includes the features of a conventional cyber insurance policy along …
Hudson Insurance Group has added Wallace Moreman as senior vice president. In this new position, Moreman will establish a subcontractor default insurance (SDI) business for Hudson. Christopher Gallagher, president and CEO of Hudson, said Moreman is part of the original …
Hudson Insurance Group has launched its new commercial excess and umbrella business unit that will provide coverage on a non-admitted basis in all 50 states. Led by Thomas Farrell, the unit will operate on a limited brokerage basis that focuses …
Hudson Insurance Group (Hudson) has appointed Ronald Honken to a newly created position as senior vice president of all commercial auto business. He will be based in Hudson’s Indianapolis office. Honken will direct the underwriting for the company’s auto-related business …
