Specialty property & casualty products provider IAT Insurance Group has reached adefinitive agreement to acquire IFIC Surety Group Inc. for anundisclosed amount. IFIC Surety Group consists of InternationalFidelity Insurance Company and its subsidiary Allegheny CasualtyCompany.
|The Navigators Group Inc. andProtective Insurance have enteredinto an underwriting partnership to offer workers' compensation toNavigators' insureds. Workers' compensation will now be availableas a coverage option in Navigators' portfolio of industry-specificmultiline products.
|International reinsurance broker UIB has launched a retailbroking business in Colombia. The new company, UIB Seguros, will beled by CEO Yolanda Guerra, who will report directly to Tony Dilley,CEO of parent company UIB International.
|HUB International Limited hasacquired certain assets of Saffe Property & Casualty L.P.related to Saffe's Houston operations. Terms of the acquisitionwere not disclosed.
|Fortegra Financial Corporation hasannounced the creation of Fortegra Europe Insurance Company Limited(FEIC), a wholly-owned European subsidiary based in Malta.Following regulatory authorization by the Malta FinancialServices Authority, FEIC is ready to write businessimmediately.
|The 2016 World Series Champion Chicago Cubs and theRicketts family have announced a multi-year Legacy Partnership withArthur J.Gallagher & Co. beginning with the homeopening day of the 2018 Chicago Cubs season. In this newpartnership, Gallagher becomes the official insurance brokerage,benefits and risk management services partners of the ChicagoCubs and will have exclusive marketing and sponsorship rights tothe Ricketts family real estate properties.
|The global insurance brokerage, risk management and consultingservices firm, has also acquired Houston-based IntegrityTransportation Insurance Agency, LLC. Terms of thetransaction were not disclosed.
|Catastrophe modeling firm AIRWorldwide has announced that it is collaborating withRenaissanceRe as part of a joint effort to enhance the industry'smodeling of long-tail casualty risk. As part of the collaboration,AIR is producing portfolio-specific casualty losses based on itsexposure management application, Arium.
|TechCanary has earned the highest scorein five categories of Aviva Canada's Broker Insurance Tech Awards.In early March, Aviva Canada hosted the Broker Insurance TechAwards at its Digital Garage in Toronto where five brokermanagement system vendors presented a total of six platforms.
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