Posts by Hometown Insurance
Frederick of Mutual Exiting Personal Lines; Signs Renewal Deal With Farmers of Salem
Frederick Mutual, which is exiting the personal lines market and focusing strictly on commercial lines in the Mid-Atlantic and Southern regions, has reached a renewal rights agreement with another insurer for its personal lines business. Beginning January 1, 2024, Farmers …
Read More Sentry Insurance Opens Regional Office in Plano, Texas
Sentry Insurance has expanded its presence with a new regional office in Plano, Texas that will service businesses in the South Central region. The new office will occupy 11,400 square feet at the Apex at Legacy, located at 5801 Headquarters …
Read More People Moves: AXA XL Names Gerbaud as CUO for APAC & Europe; Trium Cyber Names Aspen’s Signorelli as MD of Int’l Operations
This edition of International People Moves details appointments at AXA XL and Trium Cyber. A summary of these new hires follows here. AXA XL Names Gerbaud as CUO for APAC & Europe AXA XL Insurance announced that Adias Gerbaud has …
Read More People Moves: DiPasquale Joins Alliant Insurance Services in Kansas City
Ann DiPasquale has joined Alliant Insurance Services, headquartered in Irvine, Calif., as senior vice president within its employee benefits group. DiPasquale is based in Kansas City, Mo. DiPasquale has more than 15 years of benefits, healthcare and consulting experience. Before …
Read More Goldman Sachs Asset Management Acquires Indiana-Based MGA DOXA Insurance Holdings
DOXA Insurance Holdings announced it has entered into a definitive agreement to be acquired by Goldman Sachs Asset Management. The Fort Wayne, Indiana-based MGA said the investment will help fuel its ongoing acquisition strategy in addition to its organic growth …
Read More Viewpoint: ChatGPT, Laden With Hacker-Inserted Malware, Is Writing Code for Companies
If yours is like many companies, hackers have infiltrated a tool your software development teams are using to write code. Not a comfortable place to be. Developers have long used sites like stackoverflow.com as forums where they could get code …
Read More Microsoft Offers to Help Politicians Crack Down on Deepfakes
Microsoft Corp. is offering US politicians and campaign groups a tool aimed at helping fight the rise of deepfakes ahead of the 2024 presidential election. The new tool will allow parties to authenticate their videos and photos with so-called watermark …
Read More James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming Holdings for $277M
James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming Intermediate Holdings. The total estimated transaction value is $277 million, inclusive of a $139 million …
Read More Average Premiums Keep Rising for Most Commercial Lines: IVANS
Ivan’s Index for the third quarter found the average premium renewal rate increased for all major commercial lines of business except workers’ compensation. Compared to the same period a year ago, Q3 2023 average renewal rate increases were: Commercial Auto …
Read More Insurers Review Middle East Events Policies After War Leads to Cancellations
Some insurers are excluding Israel, Lebanon and other Middle Eastern countries from their event cancellation policies after the Israel-Hamas war resulted in some activities being pulled. European Aquatics last week called off the continental water polo championships, which was scheduled …
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