Around the P&C insurance industry: October 12, 2022
Insurance industry news from Hub International Limited, Aon plc, NFP and more.
Hub International Limited acquired the assets of Guide Insurance Services, Inc. Terms of the transaction were not disclosed.
Aon plc acquired data and analytics capabilities for reputational risk from Pentland Analytics, a provider of advanced analytics and advisory services. The transaction, which is now closed, includes Pentland’s reputation crisis database, proprietary modeling algorithms and a cloud-based web app for clients.
NFP partnered with Rugby Canada and launched Let’s Play Rugby, presented by NFP, a new youth rugby program administered by Rugby Canada.
NFP partnered with The St. James, a premier performance, wellness and entertainment platform. The partnership, which includes NFP becoming The St. James’ official insurance broker and consultant, reflects NFP’s people-first values and ongoing focus on collaborating with organizations committed to enhancing community well-being and making a positive impact for those in need.
NFP opened new office space in Palm Beach Gardens, Florida. The company has signed a long-term lease for 20,000 square feet in DiVosta Towers, a state-of-the-art Class A office complex. The new office space in DiVosta’s North Tower expands NFP’s presence in South Florida for the benefit of its clients and aligns with its people-first culture by providing a high-quality work environment for NFP team members in the area, including Doug Hammond, NFP’s chairman and CEO.
Lyft selected Mobilitas to expand ride-sharing commercial insurance coverage from 18 states to 23, effective October 1, 2022.
Sayata announced a new cyber coverage for businesses that is now available on the Sayata Platform. Designed to eliminate unexpected gaps in coverage, AXIS Cyber Technology and Miscellaneous Professional Liability combines a variety of coverages into a dynamic insurance offering that adapts to the needs of the insured.
InsurTech Hartford announced the 2023 ITH Symposium will be held at the Mohegan Sun Casino & Resort in Uncasville, Connecticut, on May 2-3, 2023.
Independent Insurance Agents & Brokers of America named Cragin & Pike a “Best Practices Top Performer.” The recognition places Cragin & Pike in an elite group of independent insurance agencies around the United States, and it earned the additional designation as the highest performing agency in its revenue category.
Overhaul unveiled an innovative insurance offering for the modern supply chain. Leveraging the company’s industry-leading Risk Technology platform and proven results reducing risk exposures, Overhaul’s Shipper’s Interest Insurance Program is designed to help middle-market shippers significantly reduce losses while improving their overall supply chain performance.
TrustRadius recognized Quadient with a 2022 Tech Cares Award. This third-annual award celebrates companies that have gone above and beyond to provide impactful corporate social responsibility programs for their employees and surrounding communities.
RB Jones announced its new, exclusive Solar Commercial Insurance Program. Over the past decade, the solar energy market has experienced an average annual growth rate of 33%, according to the Solar Energy Industries Association. Declining costs, tax incentives and expanded storage capabilities have contributed to this increase in demand and usage.
Specialty Program Group LLC and Program Brokerage Corporation announced that PBC is spinning off their general wholesale, environmental, construction, cyber and professional liability divisions to SPG and will operate under the brand Specialty Wholesale Insurance Solutions, a division of Specialty Program Group LLC.
Northwood University announced one of its adjunct faculty members has been inducted into the Michigan Insurance Hall of Fame. Bonnie Johnson-Hayward served the insurance industry as both an insurance agency executive and an educator in her position as an adjunct professor at Northwood University.
Openly announced independent insurance agents in South Carolina can now access Openly’s premium, transparent and comprehensive coverage, obtaining quotes in seconds. South Carolina marks the twenty-first state in Openly’s nationwide expansion, and the company will now empower the nearly 500 independent insurance agencies serving homeowners across the state
Insurity concluded its annual event, Excellence in Insurance Innovation, in Las Vegas. Excellence in Insurance Innovation was Insurity’s largest in-person event. Excellence in Insurance Innovation brought together P&C insurers, MGAs and brokers to connect, discuss and generate new ideas to propel their organizations forward.
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