Filed Under:Agent Broker, Agency Management

Around the P&C insurance industry: Feb. 24, 2016

Photo: Shutterstock/Tashatuvango
Photo: Shutterstock/Tashatuvango

St. Louis-based risk funding products provider Safety National said it has acquired an undisclosed excess and surplus company that will begin operations in March as Safety Specialty Insurance Co. The new unit will offer law enforcement liability, public officials liability and educators legal liability coverage.

The Paris-based nonprofit financial services association Efma and Dublin-based professional services giant Accenture said they have created the "Innovation in Insurance" awards program to identify and award innovative insurance initiatives and projects around the world. Efma is inviting insurers to apply from now through April 18. Winners will be recognized at an award ceremony in Milan on June 9 during Efma's Insurance Summit gala dinner.

London-based Pioneer Underwriters announced that its Pioneer Special Risk (PSR) unit has started underwriting Environmental Liability through its newly established division in Exton, Pa. The program is led by Jessica Huhn-Kenzik, a vice president at PSR. The company said PSR has been approved as a coverholder at Lloyd’s for Environmental Liability with licenses to transact business in all 50 states and Washington, D.C.

Valhalla, N.Y.-based insurance brokerage and consulting company USI Insurance Services said it has acquired Tamarac, Fla.-based property and casualty insurer Best Insurance. Terms of the transaction were not disclosed.

The Minneapolis-based Insurance Marketing & Communications Association (IMCA) said it will host the next edition of its Leadership Webcast Series on Tuesday, March 15. The program, “Employee Communications: Effective Best Practices, Strategies and Tactics,” is to be presented by Bill Fellows, senior vice president and head of communications for Centre Americas for Swiss Re, and Mark Friedlander, assistant secretary and head of corporate communications at the Main Street America Group and president of IMCA. The one-hour live broadcast, which begins at 2 p.m. Eastern, is free for IMCA members and $49.95 for everyone else. Register for the program at IMCA Webcasts

Newtown, Pa.-based managing general underwriting agency V3 Insurance Partners LLC said its Vantage Point management and professional liability insurance for small and mid-size businesses has been approved for sale in every state so far except for Delaware, New York, Montana, Missouri and Montana. The company said it does not plan to offer the insurance in Alaska or Louisiana. 

Bothell, Wash.-based insurance software company Vertafore said it has developed Vertafore Agency SalesTrack, a customer relationship management system built on Microsoft's Dynamics customer relationship management system.

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Around the P&C insurance industry: Feb. 17, 2016

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