New Jersey-based InsurTech start-up Bridger Insurance has acquired Pleasanton, California-based master general agency SCJ Insurance Services. Terms of the deal were not disclosed.
Insuritas has launched its new website at Insuritas.com. The website design was created after months of gathering market feedback on the digital platform, and the new platform will continue to capture and report real time feedback from customers.
New York City-based AmTrust Financial Services Inc. has entered into an agreement for a loss development cover with Premia Reinsurance Ltd., a subsidiary of Bermuda reinsurer group Premia Holdings Ltd. The agreement provides up to $400 million of reinsurance for adverse net loss reserve development in excess of AmTrust's stated net loss reserves as of Mar. 31, 2017, of approximately $6.59 billion, and covers AmTrust's exposures through Apr. 1, 2017.
Cleveland, Ohio-based managing general underwriter McGowan Companies has acquired the North American Professional Liability Insurance Agency (NAPLIA). Terms of the transaction were not disclosed.
GC Securities, a division of MMC Securities and a member of Marsh and McLennan Cos., announced the placement of principal at-risk variable rate notes, with notional principal at €200 million, through a newly-formed special purpose vehicle domiciled in Ireland, Lion II Re DAC, to benefit Assicurazioni Generali S.p.A., the parent company of the Generali Group. This is the first ever 144A cat bond to provide indemnity protection against multiple Europe perils.
Applied Systems has announced Admiral William H. Mc Raven and Zappos CEO Tony Hsieh will be the keynote speakers at Applied Net 2017, to be held Sept. 25-28 in Las Vegas. For more information or to register for the event, visit https://appliednet.appliedclientnetwork.org/.
Lemonade, the online insurance company that donates money left after paying claims to causes its customers select, has announced it donated more than 10% of its revenue to nonprofits as part of its annual Giveback. The 2017 Giveback was $53,174, amounting to 10.2% of the revenues Lemonade recognized since its September launch.
Insurance brokerage Hub International Limited has acquired Unilite Insurance Agency Inc. Terms of the acquisition were not disclosed.
The Strategic Insurance Agency Alliance (SIAA) has announced with added 282 new independent agencies to its membership in the first six months of 2017.
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