Beyontec introduces cloud-based, shrink-wrapped core insurance solution for non-standard auto MGAs
Beyontec, a global technology solutions provider for the insurance industry, has introduced a shrink-wrapped version of its core insurance solution – the Beyontec Suite - for non-standard auto Managing General Agents (MGAs).
Illegal cannabis farms account for high proportion of malicious damage claims in England and Wales
Insurance claims in England and Wales from landlords whose properties have been converted into illegal cannabis farms account for a third of the total value of all malicious damage claims received, reveals new research from business insurance provider Direct Line for Business.
Climate change, technology and geopolitical instability are the main future risks: AXA
Climate change, technology and geopolitical instability are the three biggest risks in the next five to 10 years, according to a report compiled by French insurer AXA.
Dorian and Faxai combine to push Everest Re to $280 million loss
Hurricane Dorian and Typhoon Faxai combined to push Everest Re Group to an estimated pre-tax catastrophe loss of $280 million.
UN, WWF and world’s insurers launch insurance industry guide to protect UNESCO World Heritage Sites
The first guide for the insurance industry to protect the world’s priceless and irreplaceable assets was launched yesterday at a major event by UN Environment’s Finance Initiative (UNEP FI) in São Paulo, Brazil, convening leading insurers, investors and banks.
Verifly secures $22M funding from IAC, rebrands and expands to become Thimble
Verifly, the first and only platform to offer short-term liability coverage for small businesses and independent workers, has expanded and rebranded to become Thimble, supported by $22 million in Series A funding.
Quantemplate closes $12 million+ funding round to provide insurers with disruptive automated data solutions
Quantemplate, a provider of self-service, cloud-based automated data solutions for the re/insurance industry, has closed on more than $12 million in a recent funding round led by Route Sixty-Six Ventures and Transamerica Ventures, with participation from Anthemis Group, Allianz X, and Insight Catastrophe Group.
The Hilb Group strengthens transportation practice with acquisition of Campisano Insurance Agency
Insurance agency The Hilb Group (THG) has acquired New Jersey-based LCIA, Inc. DBA Campisano Insurance Agency (LCIA).
The Penn Mutual Life Insurance Company appoints Teresa Fitzgerald new managing partner of Lakeshore Wealth Strategies
The Penn Mutual Life Insurance Company (Penn Mutual) has appointed Teresa Fitzgerald as the new managing partner of Lakeshore Wealth Strategies, its Chicago agency.
Life Insurance Settlement Association to encourage legislation that protects consumer right to sell life insurance policy
The Life Insurance Settlement Association (LISA), the oldest and largest trade association representing members of the life settlement industry, rolled out an aggressive strategy for encouraging legislation that protects a consumer’s right to sell a life insurance policy at its 25th Annual Fall Life Settlement & Compliance Conference this week. It also announced its new board of directors.
