Recent Member News

BI - January 15, 2021 - ProSight Global Inc., a specialty insurer that went public in 2019, will be taken private in a deal with private equity firms valued at about $586 million.

BI - January 14, 2021 - Constellation Affiliated Partners has acquired Atlanta-based specialty wholesale broker and managing general agent INSUREtrust LLC, which does business as ITDC Insurance Services.

IBA - January 13, 2021 - Bermuda-domiciled specialty insurance and reinsurance group Ascot has appointed its US insurance boss.

January 12, 2021 - One80 is pleased to announce the acquisition of Commercial Insurance Group, LLC which includes its retail business, Strategic Insurance Agency, as well as its proprietary online platform, Bigfoot Insurance. 

NEW YORK, Jan. 12, 2021 – ReSource Pro, a global provider of operational solutions for insurance organizations, today announced it has acquired two strategic advisory and management consulting firms focused on P&C Insurance, Strategy Meets Action (SMA) and The Nolan Company (Nolan). 

IBA - January 11, 2021 -The starting gun has fired on Allianz becoming the worldwide insurance partner of the Olympic and Paralympic movements.

IBA - January 7, 2021 - Zurich North America has announced the launch of a weather parametric insurance product. The insurance will cover weather-related construction delays not covered by traditional builders’ risk insurance policies.

IBA - January 6, 2021 - NIF Group (NIF), a national program manager and regional wholesale broker owned by Jencap Group, has reached an agreement to acquire the assets of Pacific Coast E&S Insurance Services (PCES), a specialty wholesale brokerage and managing general agent (MGA) firm based in Santa Rosa, CA.

BI - January 6, 2021 - Old Republic Contractors Insurance Group Inc., a stand-alone underwriting affiliate of Old Republic International Corp., has been reorganized into Bitco General Insurance Corp. and renamed BITCO Construction Group Inc., a wholly owned subsidiary of Old Republic, the insurer said in a statement Wednesday.

IBA - January 6, 2021 - With COVID-19 cases spiralling out of control across the UK, Prime Minister Boris Johnson announced a new national lockdown late Monday – overriding the previous tier-based local lockdown system – and its impact has already been felt by the insurance industry.

IJ - January 5, 2021 - Philadelphia Insurance Companies (PHLY) has acquired the Staffing Insurance Business offered by World Wide Specialty Programs Inc., based in Melville, N.Y.

BI - January 5, 2021 - Alliant Insurance Services Inc. has acquired BridgePoint Risk Management LLC, Alliant said in a statement Tuesday.

BI - January 5, 2021 - Arthur J. Gallagher & Co. has acquired Phoenix-based risk program administrator Ashton Tiffany LLC, Gallagher said in a statement Tuesday.

IBA - January 5, 2021 - DUAL, the underwriting arm of Howden Group Holdings, has appointed James O’Connor to serve as CEO of DUAL North America.

IJ - January 4, 2021 - CBIZ Inc., a provider of financial, insurance and advisory services, has acquired Borden Perlman Insurance Agency Inc. (BP) of Ewing, N.J., effective December 31, 2020.