DAC Beachcroft will launch in the United States at the beginning of 2025 with a team of 30 and offices in New York City and Los Angeles. The offices will bring together insurance-focused teams from two different U.S. law firms, including four partners and 26 other lawyers and staff, to open for business.
Aon and the European Bank for Reconstruction and Development (EBRD) have structured a tailor-made and highly innovative facility supporting the revitalization of the war risk insurance market in Ukraine. With support from Aon, the EBRD has launched a new guarantee designed to boost the provision of reinsurance capacity to private sector insurers, addressing the ongoing challenges posed by the war.
CRC Group has acquired SLB Insurance Group, a well-established binding authority operation with offices in Florida and Louisiana. SLB specializes in small to mid-market property and casualty, trucking and personal lines insurance.
Assurex Global elected London-based James Hallam Ltd. to its partnership, effective December 1. This strategic addition underscores Assurex Global's commitment to sustained growth. It reinforces its position as an industry leader, now larger and stronger than ever in premium volume, partner firm offices and professionals.
Novacap partnered with Consilium Insurance, a leading property & casualty insurance firm specializing in commercial and personal insurance solutions. This strategic partnership aims to accelerate Consilium's growth, expand its operations across Canada and establish a robust national platform in the damage insurance brokerage industry. Consilium is headquartered in Montreal and was founded in 2013 with the mission to bring large-company expertise and service levels to the middle market.
Roadzen Inc. has executed a Memorandum of Understanding for a partnership with Cimarron Underwriters. Through this proposed partnership, Roadzen will leverage Cimarron's nationwide Managing General Agent licenses and infrastructure to expand the distribution of its insurance offerings across all 50 U.S. states.
Orion180 launched its new residential private flood insurance product. The private flood product provides comprehensive and customizable coverage for homeowners in all flood zones. Designed to address the evolving needs of agents and policyholders, this product combines competitive rates with a full menu of policy options and can be endorsed into Orion180's surplus lines homeowner product.
National Highway Traffic Safety Administration launched its winter holiday Drive Sober or Get Pulled Over national enforcement mobilization campaign. This year's campaign reminds drivers, "Don't Pass on a Sober Ride." Alcohol-impaired driving remains a leading cause of fatal traffic crashes in the United States, especially during the holiday season. In 2022, 13,524 people were killed in alcohol-impaired driving crashes, making up 32 percent of all traffic fatalities. On average, one person died every 39 minutes in an alcohol-impaired driving crash in 2022.
Trucordia has acquired the insurance business of Archibald Insurance, with offices in Richmond, Midlothian and North Chesterfield, Virginia. Archibald Insurance offers a wide selection of coverage solutions for individuals and businesses. By joining Trucordia's integrated organization, the Archibald team and its clients will benefit from expanded coverage solutions, more competitive pricing and value-add services like in-house risk management and claims advocacy.
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