Around the P&C insurance industry: March 15, 2023
Insurance industry news from Alliant Insurance Services, Nirvana, One Inc and more.
Alliant Insurance Services will launch its Cyber P&C specialty vertical at the RIMS RISKWORLD Conference, April 30-May 3 in Atlanta, Georgia. Alliant Cyber combines industry-leading consultative cyber risk and advisory services, risk quantification and third-party cyber security solutions with a cloud-based technology platform to deliver “Cyber Insurability 2.0,” an innovative new approach to cyber risk management.
Nirvana launched in London after acquiring Nirvana Risk Partners Tech and Cyber underwriter, from MGA formation platform Castel Underwriting Agencies in a management buyout. Nirvana, which is backed by a number of leading insurance carriers, has been set up by founding directors Kabir Chanrai and Rob Jones. Chanrai has a background in insurance-focussed private equity, and Jones has 25 years of underwriting expertise in the London and global markets, including at Hiscox, as well as a portfolio management role at AXIS Capital.
One Inc celebrated the official grand opening of its new center of excellence in Knoxville, Tennessee, furthering the company’s commitment to invest in North America. This expansion will allow One Inc to provide local support for its more than 240 existing U.S. customers and continue to grow in the American market. The company, which initially hired 30 employees in 2022 to staff the first office, is in the process of adding 50 more employees for the second Knoxville location, bringing its total global footprint to over 660 employees.
bolt and Pathpoint launched Pathpoint’s integration into bolt Access, bolt’s wholesale agency digital placement platform. Insurance agents who use bolt Access to place small commercial insurance now have the ability to quickly and easily quote Pathpoint’s small commercial E&S in a true end-to-end digital experience.
Arbella Insurance Foundation donated $3.6 million this year to support 623 different charitable organizations throughout New England. Since its inception in 2005, the Foundation’s donations have totaled more than $40.2 million. This year, the Foundation continued to fund and support long-term charitable partners who provide social services, education, cultural experiences, social and racial justice support, health and wellness programs, as well as assistance to immigrants and refugees.
Mosaic Insurance opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region.
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