Arthur J. Gallagher & Co. has completed the previously disclosed acquisition of specialist UK insurance broker Stackhouse Poland Group Limited.
Tokio Marine today announced it is exiting the bail business through the sale of its bail operations to an undisclosed buyer. The transaction includes Bail USA, Inc. and all bail bond business written by American Contractors Indemnity Company, U.S. Specialty Insurance Company and United States Surety Company.
Claimify announced the launch of Claimify software, a first-of-its-kind advanced platform built to solve the pressing challenges that are common in the claims process. Claimify is designed for use by both insurers and claimants to streamline Benefit Validation, Settlement Facilitation, Digital Documentation, and Social Security Disability processing as well as complement existing workflows and internal programs. Claimify’s integration of key customer interaction points are now packaged together.
Chicago-based insurtech startup DAIS is the newest company partner of the Independent Insurance Agents & Brokers of America’s Agents Council for Technology (ACT). Founded in 1896, the Independent Insurance Agents & Brokers of America (the Big “I”) is the nation’s oldest and largest national association of independent insurance agents and brokers, representing more than 25,000 agency locations.
Decision Research Corporation (DRC) announced Beazley has launched their Small Enterprise Business Package on the DRC Policy Platform. In conjunction, they have also launched their Environmental Liability underwriting system and their Beazley Breach Response (BBR) Rater.
Hub International Limited (Hub) has acquired the assets of Corey Steinbach Insurance Agency LLC (Corey Steinbach Insurance). Terms of the transaction were not disclosed.
InsureMyTrip has expanded its product portfolio to include property damage protection for vacation rentals. This new coverage aims to help protect renters in the event the vacation property sustains accidental damage during their stay.
AXA XL’s North America marine insurance business has put forth a new contractor’s equipment product. AXA XL’s contractor’s equipment product includes 33 Additional Coverages, including $1,500 for drones, $15,000 for extra expenses and more.
Vertafore and Wave Insurance Technologies (AVYST) jointly announced AVYST has joined the Orange Partner Program. AVYST is an insurtech company providing sales and risk management solutions for independent agents and brokers and their carrier partners.