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World Insurance Associates LLC acquired the business of The Fidella Agency of Lakewood, N.J., on Sept. 1. Terms of the transaction were not disclosed.
American Property Casualty Insurance Association released the following statement in support of the Data Rights for Information and Vehicle Electronics in Real-Time Act, which affirms that vehicle owners should have clear rights to access and control the data generated by their vehicles. The legislation was introduced by Rep. Diana Harshbarger.
The Fidelis Partnership has transferred its primary European entity from Brussels to Dublin, effective Dec. 1. The move establishes Dublin as the hub through which TFP will access the EU market, further supporting the business’s European growth objectives as well as reflecting its increasing investment in Ireland in particular.
Indigo Insurance has selected Duck Creek's OnDemand and Duck Creek Clarity to modernize its core systems and create a unified, scalable technology foundation to support the organization’s long-term strategic growth. Indigo Insurance operates a rapidly expanding, digital-first insurance platform across the Caribbean, delivering customer-centric auto and general insurance solutions through its flagship online portal 247indigo.com.
Almost one in 10 (9%) insurers in the Asia-Pacific region (APAC) say it is difficult for their asset liability management systems to handle changes in asset allocation and new data sources, new research from Clearwater Analytics shows. Its study with insurance asset management executives at firms with total assets under management of $3.823 trillion in APAC found just 17% say their asset-liability management systems can very easily cope with diversification and new instruments.
Avalon Risk Management launched its hurricane insurance solution. This expansion of Avalon's coverage provides stable premiums, lower deductibles and expert-backed risk management to multifamily and commercial property owners in Tier 1 wind zones, excluding Florida.
Invest, a 501(c)(3) educational nonprofit administered by the Big “I,” is proud to announce that Nicole Carter, vice president of personal lines sales, strategic distribution and agent experience at Grange Insurance, has joined the Invest board of directors.
Coalition has added a new Deepfake Response Endorsement to its cyber insurance policies globally. Coalition policyholders can access coverage to respond to this form of digital risk, including deepfakes, in which a CEO falsely appears to make inflammatory remarks to damage the company’s reputation or an employee’s likeness is shown speaking negatively about the company’s products to manipulate stock prices.
Navium Marine launched the Constellation Consortium, the largest satellite pre-launch consortium in the Lloyd’s market. With the global satellite sector continuing to experience rapid growth, the Constellation Consortium will target satellite pre-launch exposures, covering assembly, transit and storage.
EPIC Insurance Brokers & Consultants acquired Sentry Transportation’s direct writing operation, expanding EPIC Transportation & Logistics. The Sentry team joined Interstate Motor Carriers, an EPIC company, significantly expanding the scale and expertise of EPIC’s national transportation platform while creating enhanced solutions for clients.
Compre Group Holdings Limited has signed a Loss Portfolio Transfer agreement with French insurer Wakam S.A. The transaction covers approximately €140 million of reserves as of Dec. 31, 2024, relating primarily to UK and French motor and property insurance liabilities for 2024 and prior.
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