Program Business News

Boats Took $655 Million Beating This Hurricane Season: BoatUS

More than 63,000 recreational boats were damaged or destroyed as a result of Hurricane Harvey and Hurricane Irma, with a combined dollar damage estimate of $655 million, according to the Boat Owners Association of the United States (BoatUS). BoatUS, a …

AmWINS Completes Acquisition of 15 Insurance Programs from Willis Towers Watson

Specialty insurance broker AmWINS Group reported that it has completed the previously-announced acquisition of 15 insurance programs from Willis Towers Watson. Terms were not disclosed. “The programs, product expertise and underwriting talent that we are acquiring from Willis Programs will …

AmWINS Acquiring 15 Insurance Programs from Willis Towers Watson

Specialty broker AmWINS Group reports it has agreed to acquire 15 insurance programs from broker Willis Towers Watson. Among the programs being acquired by AmWINS are MountainGuard, which provides underwriting, claims and loss control services to the majority of ski …

Texas’ QEO Group to Write Commercial Auto with Clear Blue Insurance Group

Irving, Texas-based QEO Group LLC (QEO) and Clear Blue Financial Holdings LLC (Clear Blue), headquartered in North Carolina, have agreed to a long-term, exclusive relationship for QEO to write its commercial automobile insurance program on Clear Blue’s carriers, Clear Blue …

Glatfelter Adds Workers’ Compensation Coverage to Program Business Offerings

Glatfelter Program Managers (GPM) has added workers’ compensation to its program business offerings, effective Nov. 1. Educational institutions, independent school bus contractors, water/sewer entities, senior living facilities, hospices, home health care agencies and religious institutions are among those who may …

Alternative to Insurtech or Legacy Tech for Small Commercial: Introducing QBE, Arrowhead Partnership

When it was announced in June that San Diego, Calif.-based Arrowhead General Insurance Agency Inc. was selected as the program administrator for QBE North America‘s small commercial insurance portfolio, it immediately raised one big question. Why was a carrier with …

New FITLIFE Program from Venture Targets Fitness Facilities & Spas

Venture Programs, a national insurance program administrator, has launched FITLIFE, a fitness, wellness and spa program. The new program is designed to improve the coverage, risk management and claims handling available to fitness and spa businesses. FITLIFE will provide a …

Markel to Acquire State National for $919 Million

Markel Corp. will acquire Texas-based State National Companies Inc. for $919 million, a deal that the Virginia-based insurer and reinsurer said will help diversify its underwriting and revenue streams. Both companies’ board of directors voted unanimously to approve the deal, …

MarketScout Sells Workers’ Compensation Business to Specialty Program Group

Dallas-based insurance exchange MarketScout, which provides agents with access to specialty markets, has sold its workers’ compensation managing general agency business to Specialty Program Group. MarketScout said it sold the specialty unit, which it said handles $100 million in business, …

Willis Programs Taps Allianz as Carrier for Agribusiness Programs

Willis Programs has partnered with Allianz Global Corporate & Specialty (AGCS) on coverage for its DairyProtector and FeedLotGuard programs. Allianz, a property casualty insurance carrier in the agribusiness industry, will offer an A.M. Best ‘A+’ rated carrier backing to the …