CyberCube partnered with Wholesure, a wholesale brokerage subsidiary of Acrisure, a global financial technology and insurance brokerage company. Through this partnership, Wholesure will license CyberCube’s Broking Manager and CyberConnect solutions to enhance cyber insurance support for small and medium-sized businesses.
USI Insurance Services acquired Miami, Okla.-based Rogers Insurance Center. Founded in 1997, Rogers Insurance Center is an independent brokerage firm specializing in commercial and personal risk insurance programs. Terms of the transaction were not disclosed.
Salvato announced two additional insurance carriers have joined its growing network. These additions will further expand the volume of salvage vehicles on Salvato Auctions, with the company’s first auction beginning August 7. Salvato streamlines total-loss-vehicle management from assignment to auction. Its modern, digital-first Salvato TLX platform helps insurers and claims leaders manage:
- Vehicle assignment and intake
- Lien release through an exclusive partnership with Loss Express
- Title transfer leveraging digital titles
- Online auctions
California Department of Insurance has completed its review of the KCC's US Wildfire Reference Model Version 3.0 under the newly established Pre-Application Required Information Determination Procedure. This process paves the way for insurers to use the catastrophe models for ratemaking.
World Insurance Associates LLC acquired the business of Lighthouse Insurance Agency of Madisonville, La., on March 1. Terms of the transaction were not disclosed.
Risk Strategies has acquired the assets of Zia Insurance Services, Tyra Enterprises, Inc., and Capitol Insurance Services, Inc. The Santa Fe, New Mexico-based firms will become part of the Risk Strategies West Region and report to Pat Roth, West Region leader.
Avatar MGA Ltd has received Lloyd’s coverholder and FCA approval and will begin binding business from August 1. The US D&F property-focused MGA is backed by three market-leading syndicates at Lloyd’s, the Aon Reinsurance team and has received investment from South African insurer Santam.
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