Hippo announced the debut of its protective home maintenance services platform through its acquisition of Sheltr. Hippo says the acquisition will expand its umbrella of services to include protective home maintenance, starting with home wellness checkups.
MRI Software announced it has acquired Multifamily Insurance Partners, a resident insurance programs provider for the U.S. multifamily rental market. The acquisition will enable property owners and operators to close insurance gaps and minimize loss by implementing resident insurance compliance programs for apartment renters. The new offering, MRI Multifamily Insurance, further streamlines the leasing and onboarding process for property owners and operators and is available through MRI Living, the company’s end-to-end suite of residential solutions.
Arthur J. Gallagher & Co. (AJG) announced that its captive and alternative risk transfer solutions subsidiary, Artex Risk Solutions, Inc., has completed its purchase of Bermuda-based Horseshoe Insurance Services Holdings Ltd.
DataCubes, an underwriting decisioning platform for U.S. commercial property and casualty insurers, announced the close of a $15.2 million funding round led by Palm Drive Capital. The company says this latest round of funding will support DataCubes’ investment in research and development as well as help expand the team, adding 50 new employees in 2020, to further support its clientele of commercial insurers.
Security Federal Savings Bank in Logansport, Indiana, has hired Insuritas to launch a bank-owned full-service insurance agency. Insuritas says this new partnership will enable Security Federal to offer their customers and the communities they serve the insurance and risk management products they need, all under the Security Federal brand.
Brit Ltd (Brit) announced the launch of its new online platform for cyber risks. The e-trading portal will launch in both the U.K. and the U.S. targeting SMEs in both regions. Brit said the portal will give brokers a user-friendly outlet for Brit’s leading cyber underwriting capabilities, allowing them to quote and bind online in minutes with a maximum of four question responses.
Indio Technologies, a management software platform for property and casualty insurance providers, announced a partnership with Parker, Smith & Feek, Inc. (PS&F), an insurance and risk management brokerage firm. Through this partnership, Indio Technologies says PS&F will be able to provide its members with software that improves overall client experience and turns insurance applications and renewals into a fully digital, online, and modern process.
Risk Strategies, a privately-held national insurance brokerage and risk management firm, announced it has acquired Zito Insurance Agency, a full-service firm headquartered in Mentor, Ohio, northeast of Cleveland. Founded in 1963, Zito is a second-generation, full-service insurance brokerage firm employing 36 people and providing property and casualty and life and health insurance services to individuals and businesses. Terms of the deal were not announced.
The Hilb Group (THG) announced the acquisition of Massachusetts-based Gould & Naimoli Partners, LLC/G&N Insurance (G&N). G&N is a property & casualty insurance agency primarily providing personal lines insurance to real estate owners in the New England area. Founded in 2010 by agency leaders, Zack Gould and Matt Naimoli, G&N was recognized as one of the fastest-growing private companies by Inc. Magazine for the past three years. G&N will continue to operate out of its Southborough, Massachusetts location under the leadership of Gould and Naimoli. The transaction became effective November 1, 2019.
Beazley’s head of broker relations & marketing, Lou Ann Layton, was honored for her substantial contribution to the professional liability insurance industry by The Professional Liability Underwriting Society (PLUS) receiving its PLUS1 Award at the society’s annual conference in Washington D.C. The PLUS1 Award is presented to a person whose efforts have significantly contributed to the advancement of the industry. Determinant factors in the judge’s selection process include an individual’s reputation and success, commitment to supporting the professional development of others, and ongoing activity and involvement the industry.
Layton joined Beazley in December 2018 to lead Beazley’s global broker distribution and marketing strategy following more than three decades in leadership roles at Marsh, most recently as head of the US south east region. She began her career in insurance as a management liability underwriter before turning to broking in 1987 when she joined Marsh as a directors & officers practice leader. She is a member of Beazley’s executive committee and plays an active role in developing diversity & inclusion programs within the company and the wider insurance market.