INSURANCE NEWS
Top Carriers Connecting: How Agents Rank Insurers On Digital Experience
Carriers are on the hunt for quality agencies to make new appointments, according to a new report, which also found that the top way they’re finding them is at industry tradeshows and events. While face-to-face connectivity still works to corral …
Hacking Rooftop Solar Is a Way to Break Europe’s Power Grid
All it takes is one hacker and a batch of faulty solar panels to threaten the safety of Europe’s electric grid. Vangelis Stykas, a cybersecurity consultant, said he figured out how to do it. Using a laptop and smartphone at …
BMS Group to Acquire Spanish Broker Rasher and Its Latin American Subsidiaries
BMS Group, the London-based specialist insurance and reinsurance broker, announced that it has entered into an agreement to acquire the leading insurance broker Rasher, subject to regulatory approvals. The Rasher business is based in Spain, with Latin American subsidiaries in …
Hermes Family in Talks to Invest in French Insurer Albingia
A family office backed by members of the Hermes fortune are among the likely buyers of French insurer Albingia, in an investment that signals a goal to diversify their wealth away from luxury. Krefeld Invest, the family office of heirs …
Relm Launches 50-State MGA to Be Led by Lavigne
Specialty carrier Relm Insurance said it has launched a managing general agent licensed in all 50 states. Relm also said Keith Lavigne has joined as head of underwriting – US. He will report to Relm CEO and founder Joseph Ziolowski. …
Guy Carpenter to Research Parametric Solutions in California, Florida
Guy Carpenter said it is starting a research project to explore the use of parametric insurance solutions in California and Florida for wildfire and hurricane risks. The effort will focus on the use of a “community-based parametric reciprocal exchange,” the …
HUB Survey: Most HNW Clients Say Insurance Is Tough to Find
Looking ahead, high-net-worth individuals will need to look to alternative risk-transfer solutions and take part in risk mitigation to get insurance coverage, according to brokerage Hub International. A recent HUB survey of HNW individuals and advisors found more are worried …
People Moves: Lockton Promotes Metzheiser to CEO Southeast Role
After serving as president of Lockton’s Southeast region for 20 years, Neil Metzheiser has been named CEO of the region, based in Atlanta. Metzheiser became president of Lockton Southeast in 2004 and was a producer. Before that, he worked with …
Kroger’s $24.6 Billion Albertsons Deal Blocked by Judges
A federal judge blocked Kroger Co.’s $24.6 billion acquisition of Albertsons Cos., finding the takeover would lessen competition for US grocery shoppers, in a ruling that marks a likely death knell for the deal. In a decision filed Tuesday, US …
Inszone Acquires Texas’ Southerland And Associates
Inszone Insurance Services announced the acquisition of Southerland and Associates, Inc., an agency based in Austin, Texas. The strengthens Inszone’s footprint in Texas, enhancing the company’s ability to provide personalized service and diverse insurance solutions to clients in the Lone …
Malibu Firefighters Make Gains on Blaze as Wind Warnings Persist
Firefighters made some gains containing a raging wildfire that threatens Malibu, California, even as the burn area doubled in size in a day and high-wind warnings are forecast to persist through much of Wednesday. The Franklin Fire, which has burned …
Farmers Now Eyeing California Favorably and Will Expand Its Coverage Options
Farmers Insurance said on Wednesday it will resume offering coverage for multiple lines of insurance in California to new customers. The lines include condominium, renters, umbrella, landlord, vacant and manufactured home. Many of the reopened coverage offerings had been temporarily …