Zurich announced it will become a partner of the Forum’s Global Centre for Cybersecurity, which aims to build the first global platform for governments, businesses, experts and law enforcement agencies to collaborate on cybersecurity challenges.
MAPFRE unveiled insur_space, its new insurtech startup accelerator, which has been created with the aim of developing new solutions to meet the needs of the different client types, which can then be incorporated into MAPFRE’s strategic business over a mid-term horizon.
Arthur J. Gallagher & Co. has acquired Buckman-Mitchell, Inc., with offices in Visalia and Fresno, California. Terms of the transaction were not disclosed.
Pennsylvania Lumbermens Mutual Insurance Company presented a check for more than $44,000 along with 300 smoke detectors to the Philadelphia Fire Department Foundation at the Insurance Society of Philadelphia’s annual Independence Gala on Nov. 14. A total of $75,000 was raised by the 730 attendees at the gala.
H.W. Kaufman Group, parent company of Burns&Wilcox, announced the expansion of their network through multiple real estate advances across the U.S. and Canada. Burns & Wilcox Brokerage relocated to a larger office in downtown San Francisco, California and completed a location expansion in Dallas, Texas. Kaufman added a new office location in Frisco, Texas, a suburb of Dallas, through the acquisition of Stonemark Inc.
The national Million Women Mentors (MWM) movement recently recognized The MEMIC Group, a workers’ compensation insurance specialty company, with its Corporate State Advocacy Award at their Washington, D.C. conference. Catherine Lamson, Senior Vice president and Chief Administrative Officer at The MEMIC Group, who championed the MWM formation in Maine, accepted the award on behalf of the company.
EPIC Insurance Brokers and Consultants, a retail property, casualty insurance brokerage and employee benefits consultant, announced the purchase of a retail wine industry book of business from Managing General Agency (MGA) Paragon Insurance Holdings LLC. The accounts in question came to Paragon in the fall of 2017 when they acquired wine industry specialist John Sutak Insurance Brokers, along with two winery programs from the Argo Group.
Hub International Limited (Hub) announced the successful completion of a substantial minority investment from funds managed by Altas Partners (Altas), a long-term oriented investment firm based in Toronto, Ontario. The transaction implies a total enterprise value for Hub of over $10 billion.
Burns & Wilcox announced its partnership with London-based BreachAware, a cyber-security company specializing in data breach research and analysis. BreachAware is a proprietary risk mitigation tool that scans the web 24/7 and identifies compromised assets such as company email addresses, passwords, and personally identifiable information linked to employees of an organization.