London-based Lloyd's insurance and reinsurance broker RFIB Group Ltd. announced it has rolled out a membership services business which provides insurance products for organizations with large memberships.
The Minneapolis-based Insurance Marketing & Communications Association said it has awarded Sacramento, California-based California Earthquake Authority its the Sammy Award for “overall Best of Show” at it 58th Annual Insurance Marketing & Communications Association Showcase Awards Gala last week in Baltimore. The Sammy Award recognizes CEA for its “Wango Tango Initiative” in the event or experiential marketing category. The company said its top Showcase Awardees this year were Hanover Insurance Group with 12 awards, including six Best of Show, and the Doctors Co. with five awards.
Atlanta-based Prime Risk Partners Inc. said it completed its acquisition of Indianapolis-based independent insurance agency Old National Insurance (ONI) as well as its subsidiaries, JWF Specialty Co. and Employee Plans LLC. ONI is now operating under the name ONI Risk Partners and will maintain its significant presence in its local markets throughout Indiana, Kentucky and Illinois, the company said. JWF Specialty Co. and Employee Plans LLC will continue to operate under their respective names and remain at their current locations. Terms of the transaction were not disclosed
Zurich-based reinsurer Swiss Re Capital Markets said it has structured and placed the issuance of $100 million of insurance-linked securities by Laetere Re Ltd. on behalf of United Property & Casualty Insurance Co., Family Security Insurance Co. Inc. and Interboro Insurance Co. The company said it underwrote the transaction via three classes of principal at-risk variable rate notes issued by Laetere Re.
Hackensack, New Jersey-based personal lines and commercial insurance broker Confie Seguros said it has acquired Corning, New York-based Lloyd D. Sprague & Son Inc. and Hancock, New York-based J.N. Mason Agency Inc. Terms were not dislcosed.
Bothell, Washington-based insurance software company Vertafore said it has completed its acquisition by funds affiliated with Bain Capital Private Equity and Vista Equity Partners. Terms were not disclosed, but he acquisition comes just a month after Vertafore acquired Keal Technology in Canada, and less than a year after the purchase of QQSolutions in Florida.
Hartford, Connecticut-based insurance software company Insurity Inc. said it has created a separate business unit for data which will enable insurers to use data and analytics through its Insurance Enterprise View product.
Jersey City, New Jersey-based risk management services firm Hanover Stone Partners and St. James, Barbados-based independent captive management firm USA Risk Group Ltd. said they have collaborated on captive management, governance and related services to help businesses and other commercial entities with the full range of their alternative risk financing activities, including using captives to self-fund U.S. employee benefits.
Boston-based insurance brokerage Risk Strategies Co. said it has acquired Dallas-based professional liability, property and casualty and health insurance provider McLaughlin Brunson Insurance Agency. Terms were not disclosed, but it will continue to operate with its current staff, led by its two principals, Joe A. Bryant and John Krantz.
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