Issuer credit rating downgrades on U.S. property/casualty insurers leveled off to 43 in 2024, compared with 55 in the previous year, despite the ongoing challenging conditions in the personal lines segment, according to a new AM Best special report.
Venbrook Group has been named a managing general agent for Crum & Forster's accident & health division. C&F is a leading national commercial property & casualty, accident & health and specialty insurer. In addition, Venbrook also announced the launch of the company’s first international travel practice as the first program under the new agreement. The practice will be led by industry veterans Curt Carlson and Eric Adair.
Rate Insurance and Spot Pet Insurance have partnered to offer discounted, customizable pet coverage to Rate Insurance customers. This partnership is a direct reflection of the growing importance of pet health and the increasing demand for extensive pet insurance solutions. Rate Insurance clients can now easily access extensive pet insurance options, helping ensure their pets can receive the care they deserve.
ACORD Solutions Group launched the ADEPT Bermuda Regional Hub. As part of the data exchange hub’s launch, ACORD Solutions Group will give away one million free digital messaging transactions to each new Bermuda-based client in 2025.
Liberty Company Insurance Brokers partnered with Lisa Seger Insurance, a leader in the equine insurance industry. This collaboration is set to significantly enhance the insurance options available to performance horse enthusiasts, reinforcing Liberty’s commitment to specialized asset protection and robust insurance business solutions.
Clearwater acquired Beacon, a next-generation leader for cross-asset class modeling and risk analytics for derivatives, private credit and debt, structured products and other alternative assets. Integrated with Wilshire’s equities and fixed income risk capabilities, this powerful engine enables portfolio modeling and risk management, addressing the growing focus on private and alternative assets. With institutional investors now allocating nearly 20% of their portfolios to alternatives, the need for sophisticated risk solutions has never been greater. Beacon’s platform provides complete transparency, openness and extensibility and is used by some of the most sophisticated financial firms including PIMCO, Blackstone, multi-strategy hedge funds, insurance asset managers, banks and energy traders.
Rokstone Farm Risks Underwriting launched its new Farm and Ranch Package Policy in 14 states. The bundled product includes property, auto and excess in one package, bringing stability to this economically vital market at a time when carriers are restricting capacity, restricting terms and conditions and increasing premiums.
Terrifio Markr offered potential preferential insurance rates for patent owners that manage their compliant webmarking program through its platform. Terrifio Markr’s cloud-hosted platform simplifies webmarking, keeping a company’s product and patent data up to date with an automated solution designed to reduce complexity and save time. Markr provides its signature audit trail, as evidence of a continuous webmarking program, a key compliance requirement for the United States, particularly if companies need to pursue a claim in that jurisdiction.
Grange Insurance Chief Information Officer Tim Cunningham received the 2025 Ohio ORBIE Award in the large corporate category from the OhioCIO Leadership Association, which recognizes executives who have demonstrated excellence in technology leadership.
DUAL North America partnered with Homebound Insurance Exchange. This collaboration marks a significant milestone for DUAL personal lines, as it expands its capacity offerings and geographic reach, particularly in a challenging market where many carriers are pulling out or restricting their capacity.
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