Around the Industry
World Insurance Associates LLC acquired the business of Green Bay Insurance Center of Green Bay, Wisc., on July 1. Terms of the transaction were not disclosed.
ShelterWind launched with an all-wind and hail deductible buyback insurance policy. The new standalone coverage, tailored for middle market and high-value homeowners with structural values up to $50 million, is backed by Certain Underwriters at Lloyd’s.
U.S. Risk combined business operations under a new unified brand, Innovation Growth Partners Specialty, LLC. The new name reflects the company’s mission to drive innovation, empower growth and strengthen partnerships across the specialty insurance ecosystem. The combined organization will deliver enhanced value to agents, carriers and clients through innovative solutions, tailored programs and deep industry expertise.
Liberty Company Insurance Brokers partnered with High Ground Insurance Services of Torrance, Calif. Founded in 2007, High Ground is a locally owned regional insurance broker and risk management consultant with national reach. The firm has built a strong reputation for delivering tailored insurance and risk management solutions to clients across Southern California and beyond, including those with multi-state and international operations.
Coalition announced the availability of its Excess Cyber Insurance policies in Quebec, as well as its refreshed Excess offering across Canada. The refreshed Excess offering will enable Canadian businesses, now including those in Quebec, to add a layer of risk management to their cyber towers.
Beat Capital Partners has partnered with former Crum & Forster executive Blair Bartlett to launch U.S.-based 1889 Specialty Insurance Services. 1889 Specialty offers management liability and professional lines insurance coverage to small and medium size financial institutions, asset managers, insurance companies and insurance agents and brokers.
Munich Re Specialty has launched an admitted inland marine insurance product to complement its existing excess and surplus lines inland marine coverage, expanding the company’s capability to serve the diverse needs of its insureds and broker partners. Munich Re Specialty’s new admitted inland marine product provides a solution for US domestic exposures in the construction and transportation industries.
InnSure has partnered with the California Department of Insurance on a wildfire pilot program to make homeowners’ insurance more affordable. This project is designed to capture the value of wildfire resilience and home hardening investments, which in turn can be used to positively reshape local insurance markets and close the protection gap in wildfire-prone communities.
Coterie Insurance partnered with the Strategic Insurance Agency Alliance, one of the largest national alliances of independent insurance agencies in the United States. This partnership brings Coterie’s fast, modern small business insurance solutions to SIAA’s expansive network of independent agencies, helping agents deliver real-time quoting, simplified underwriting and access to small commercial insurance products.
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