Filed Under:Markets, E&S/Specialty

Around the P&C insurance industry: October 4, 2017

News from Paradigm Outcomes, HomeServe Labs, Arthur J. Gallagher & Co. and more. (Photo: Thinkstock)
News from Paradigm Outcomes, HomeServe Labs, Arthur J. Gallagher & Co. and more. (Photo: Thinkstock)

Paradigm Outcomes, a provider of medical management services for catastrophically injured workers, has entered into a definitive agreement to acquire ForeSight Medical. The transaction is expected to close in October.

HomeServe Labs announced that its connected water leak detector, LeakBot, will be available to select U.S. insurance partners this fall. LeakBot is a single sensor that discovers small water leaks, no matter where they occur in a home’s plumbing system. It is already deployed in Europe through partnerships with several top insurers, including RSA, Aviva and Legal & General.

Arthur J. Gallagher & Co. has acquired of Naples, Florida-based Premier Insurance LLC, dba Lutgert Insurance. Terms of the transaction were not disclosed.

Specialist insurer Beazley has launched a Cyber & Breach Response portal exclusively for use by its brokers. Once registered, brokers will have unlimited access to a vast suite of information: from cyber basics, through to industry-specific issues, regulatory updates, product information, breach and claim examples and risk insights. 

Dallas-based insurance exchange and specialty MGA MarketScout has announced the formation of MarketScout InsurTech (MIT) which will make investments in tech-enabled insurance distribution. The initial funding comes exclusively from MarketScout Corporation, parent of MIT.

At the 2017 RIMS Canada Conference, RIMS Ontario Chapter presented the Donald M. Stuart Award to Tony Lackey, director, risk and insurance services for Carleton University in Ottawa. It is widely considered Canada's highest honor within the risk management field.

RIMS Ontario Chapter also presented the Fred H. Bossons Award to Deborah Moor, vice president, HIIG Underwriters Agency (Canada) Ltd. Each year, the award honors the risk management professional who earns the highest average mark on the three examinations required to attain the Canadian Risk Management (CRM) designation. 

Tokio Marine HCC has reached a definitive agreement to acquire the medical stop-loss operations of American International Group, Inc. through its wholly own subsidiary HCC Life Insurance Company. The transaction is expected to close on October 15, 2017. 

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Around the P&C insurance industry: Sept. 27, 2017

News from The Travelers Companies Inc., The Institutes, LIMRA and more.

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