Around the P&C insurance industry: February 23, 2022
News from Mosaic Insurance, Choice Financial Group, Arbella Insurance Group and more.
Dundee Mutual Insurance Company and Steele Traill County Mutual Insurance Co. selected and moved to production with BriteCore as their insurance core system platform. Both companies chose BriteCore due to its proven experience powering P&C insurers’ core policy administration operations, improving operational efficiency, delivering an enhanced agent experience and promoting future company growth.
Mosaic Insurance activated more global capacity to meet transactional liability risks, as a growing consortia of industry partners joined its syndicated capital program. The specialty insurer will underwrite transactional risks for several new trade-capital partners, among them, HDI Global Specialty, Verto Syndicate 2689 and IQUW Syndicate 1856. The partnership drives Mosaic capacity in the high-demand sector from $25 million to $41 million in North America, and to $36 million through the rest of the world. Under the program, brokered by Acrisure, Mosaic deploys proprietary capital through its own Syndicate 1609, alongside partner capacity contributed by carriers seeking to leverage its underwriting expertise and distribution matrix.
Choice Financial Group acquired Indiana-based Marley Insurance Agency. Based in Scottsburg, Indiana, and serving the greater Louisville, Kentucky area, Marley is a full-service agency that has been a community fixture for over 100 years.
Arbella Insurance Group launched its Pin High Golf Course Coverage. Available starting March 1, 2022, this coverage is tailored to meet the unique insurance needs of golf courses and country clubs. It offers comprehensive property and general liability coverages for industry-specific risks and exposures.
ClarionDoor, a Zywave company announced a strategic repositioning of the company’s entire product suite to better align with market demand. This shift in positioning moves the ClarionDoor products, including standalone rating, comparative rating, product distribution and policy management, away from complex naming conventions to enable insurers, managing general agents and program administrators to more effectively find solutions that solve challenges.
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