Around the P&C insurance industry: May 23, 2018
News from GuideOne Insurance, USI Insurance Services, Risk Strategies and more.
GuideOne Insurance announced the first commercial deployment of Roost Smart Water Leak and Freeze Detectors by a property insurance carrier. The pilot places 4,000 sensors in churches across the country and aims to demonstrate the value of detection and responsiveness in minimizing loss and disruption.
USI Insurance Services has acquired CHS Insurance, formerly part of CHS Inc. Terms of the transaction were not disclosed.
Risk Strategies has acquired Costello Benefits Group, a full-service employee benefits brokerage firm headquartered in Woburn, Mass. Terms of the deal were not disclosed.
Network of Vertafore Users awarded achievements in automation excellence, technology advocacy, leadership, volunteer service and chapter administration at an awards gala held during the “Accelerate, powered by NetVU,” conference at the Georgia World Congress Center. Winners. The full list of winners can be found on the company’s website.
Ascot US Holding Corporation has acquired Greyhawk Insurance Company and its wholly-owned subsidiary Greyhawk Specialty Insurance Company. The acquisitions are subject to regulatory approvals.