International SOS, a medical and security risk services company, has signed a partnership agreement with the Forum for Expatriate Management (FEM) to be the organization’s exclusive ‘Global Medical and Security Risk Management Partner’. The goal of the partnership is to provide insight, debate and innovative thought-leadership to mobility managers and their organizations worldwide.
Kaplansky Insurance announced that it has acquired KW Insurance, a full-service agency with locations in Dedham and Cambridge. Following the acquisition, the KW Dedham location will be merging with Kaplanky’s corporate headquarters in Needham. The KW Cambridge location will continue to operate at its present location under the Kaplansky name. Kaplansky Insurance currently operates 13 locations throughout Massachusetts.
The International Insurance Society (IIS) has announced Karen Clark, President and CEO of Karen Clark and Company, as the 2019 recipient of the prestigious John S. Bickley Founder’s Award. Ms. Clark is recognized as the creator of the first catastrophe model and is credited with inventing the catastrophe modeling industry which revolutionized the way re/insurers understand and manage catastrophe risk.
Waypoint Underwriting Management, LLC announced it has obtained coverholder approval to underwrite Accident and Health (A&H) products on behalf of ArgoGlobal Syndicate 1200 at Lloyd’s. Waypoint is a specialty managing general underwriter that offers insurance and reinsurance solutions to clients in the U.S.
American Family Insurance will open an office building housing “high-tech type jobs” in downtown Milwaukee, CEO Jack Salzwedel. Salzwedel made the revelation during a news conference called at Miller Park to announce that the insurer would replace Miller Brewing as the naming rights sponsor for the Milwaukee Brewers stadium in 2021.
Amity Insurance Agency has entered into a strategic alliance with the New Hampshire Bar Association, will now be the Association’s endorsed insurance agency. Previously, the NH Bar Association maintained its own agency as an option for professional liability (malpractice) insurance for its 7000 members. Amity will extend the offer to provide professional liability to all of the New Hampshire Bar Association’s members.
In conjunction with Insurance Careers Month, Gamma Iota Sigma (GIS) will be hosting their annual virtual career fair The Pipeline on February 12th, connecting employers with college students pursuing a career in the Insurance Industry. Registration is now open to all students, whether associated with GIS or not.
Everest Insurance announced the launch of their new Everest Expedition Not-For-Profit Management Liability Policy, providing protection for not-for-profit organizations across all industries including charitable foundations, healthcare organizations, and educational institutions. Coverage is offered in a modular form, with eight coverage parts: Directors and Officers Liability, Employment Practices Liability, Crime, Fiduciary Liability, Cyber Liability, Kidnap and Ransom, Miscellaneous Professional Liability, and Employed Lawyers Liability.
Assurant announced its Global Automotive business has launched a new product called Pocket Drive by Assurant, a connected device that enables dealers and their customers to benefit from the vehicle’s data and mobile connectivity. Pocket Drive plugs into a vehicle’s OBD-II port and collects a wealth of insights and communicates them via a mobile device app. A dealer version empowers owners to modernize their operations and create a more streamlined customer experience, while a consumer-based version offers customers a safer, simpler and smarter way to drive.
Car insurance company Clearcover announced a Series B financing round of $43 million led by Cox Enterprises. Additional investors include American Family Ventures, IA Capital Group, Lightbank, and Hyde Park Angels, while Silicon Valley Bank provided debt financing.