Around the P&C insurance industry: July 5, 2023
Insurance industry news from NFP, Ernst & Young LLP, Pepper and more.
NFP acquired Presidio Financial Services Corporation. Based in Westlake Village, California, Presidio is an independent insurance brokerage that provides an extensive range of products and solutions tailored specifically for physicians, doctors, healthcare facilities and healthcare professionals. The acquisition closed on April 7.
Ernst & Young LLP announced that Ty Harris, CEO and Co-Founder of Openly, was named an Entrepreneur Of The Year 2023 New England Award finalist. Now in its 37th year, Entrepreneur Of The Year is one of the preeminent competitive business awards for transformative entrepreneurs and leaders of high-growth companies who are building a more equitable, sustainable and prosperous world for all.
LexisNexis Insurance Market Insights solution was named the best Big Data Reporting & Analytics Solution of 2023 as part of the annual SIIA CODiE Awards. The prestigious CODiE Awards recognize the companies producing the most innovative business technology products across the country and around the world.
Pepper partnered with Embedded Insurance. By leveraging Pepper’s IoT PaaS, partners are able to offer consumers value-add services, such as video storage and cyber insurance, in a seamless, integrated experience through the same app they use to control their connected devices.
Guy Carpenter and a business of Marsh McLennan have completed the previously announced acquisition of Re Solutions, the leading independent reinsurance broker in Israel. Terms of the transaction were not disclosed.
Ryan Specialty acquired Socius Insurance Services, a national wholesale insurance broker headquartered in Northern California.
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