Around the P&C insurance industry: November 23, 2022 |  PropertyCasualty360

Around the P&C insurance industry: November 23, 2022 | PropertyCasualty360

Insurance industry news from Ryan Specialty, MarshBerry, Pinnacol Insurance and more. (Photo: Shutterstock)

Ryan International Transactional Risk Specialist has expanded its presence with an office in Copenhagen, Denmark, which is the company’s fourth office. Transactional Risks International is part of Ryan Specialty’s Underwriting Managers platform and specializes in the core transactional risk products of Warranty and Indemnity Insurance and Commercial Tax Liability Insurance, serving brokers internationally.

MarshBerry bliss Relationship insurance services following the successful sale of its Relationship Education Solutions business to Risk Strategies. MarshBerry served as exclusive financial advisor to Relation on the transaction, which closed on September 2, 2022.

PCF Assurance Services acquired Milz Health Group, a full-service health insurance agency providing coverage to those eligible for Wisconsin Medicare and coverage through the Affordable Care Act. Milz provides affordable healthcare coverage to individuals through an integrated suite of online services. Offering Medicare Advantage Plans, Medicare Supplemental Insurance Policies, and Medicare Part D Prescription Drug Plans, Milz Health Group uses a unique and proprietary process to design plans with top insurers that are affordable and effective.

Pinnacol Insurance was named the winner of the Civic 50 Colorado by CSR solutions of Colorado and Points of Light for its strong corporate citizenship program. Pinnacol’s grantmaking, corporate volunteerism, scholarship program, compassionate support for injured workers, sustainability efforts, and promotion of diversity, equity, and inclusion are all ways he takes care of Colorado. This is the fourth consecutive year that Pinnacol has received this distinction.

M&T Insurance Agency merged with Powers Insurance and risk management, family-owned and operated independent insurance agencies in the bi-state area. M&T Insurance agency owner Mark Tomlin will continue to serve clients in a new role as Powers’ risk management advisor. M&T Insurance Agency was based in St. Peters, Missouri, and specialized in personal and commercial insurance.

Stay announced that Trium Cyber, a new venture carrier backed by Jim Stanard’s Pelican Ventures which was first announced in September, has received approval from Lloyd’s to commence underwriting activities effective January 1, 2023. Trium Cyber plans to underwrite US$50 million in premium gross in its first year.

INCENTER insurance solutions announced the opening of an office in Plano, Texas, which will serve the entire state. The new office opens with five Texas-born and raised staff members. Over the next few months, the company will have up to 20 additional employees.

Sensovium Inc. launched its new application Oto Zen, designed to help drivers stay safe on the road. The app provides real-time warnings for dangerous driving behaviors, such as texting and driving, and also has a speed limit warning system that beeps when the driver exceeds the speed limit. speed limit. New drivers are considered high risk because they lack driving experience. They are more likely to take risks like speeding, as the proportion of fatal crashes involving speeding has been reported to be higher among teenage drivers than in other age groups. Drivers are more likely to be involved in a crash during the first year of driving than at any other time, and teens are more likely than any other age group to be involved in a traffic-related crash. distracted driving.

InsurTech Hartford announced the winners of the InsurTech Hartford Innovation Challenge 2022, in conjunction with ACORD, the industry’s oldest standards association.

Oh! was named “Best Emerging InsurTech” by InsurTech Hartford in the Innovation Challenge Awards. The Innovation Challenge annually rewards the best breakthrough ideas and innovations in the insurance industry.

NFP acquired Juno Research Partners, LLC, a Philadelphia-based search and recruiting company. Juno specializes in contingent search, contractor placement, executive search, and custom talent solutions that help employers grow and retain their workforce. Co-founders Mikal C. Harden and Vicki Sack will join NFP as senior vice presidents.

NFP acquired Limited tailor-made financing. This is NFP’s first healthcare-focused acquisition in the Irish market, expanding its portfolio of market-leading services, solutions and advice. Tailored Finance managing director Jeremy Tucker will join NFP as a director.


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