Intact Insurance Group USA LLC Completes Acquisition of Managing General Agent Highland Insurance Solutions

Rodrigo Meguelo

PLYMOUTH, Minn., Aug. 1, 2022 /PRNewswire/ — Intact Insurance Group USA LLC (Intact), doing business under the brand name Intact Insurance Specialty Solutions, announced today that it has completed the acquisition of Highland Insurance Solutions (“Highland”), the U.S. construction division of Tokio Marine Highland (TMH), from Tokio Marine Kiln (TMK), […]

Fairfax posts year-over-year net loss for Q2 2022

Rodrigo Meguelo

Fairfax Financial Holdings Limited has revealed that for the second quarter of 2022, it posted a net loss of US$881.4 million ($37.59 net loss per diluted share after payment of preferred share dividends, equivalent to about CA$1.12 billion). The insurer compared this performance to Q2 2021, when it […]

Insurtech start-up raises $4 million seed

Rodrigo Meguelo

Business insurance platform Mulberri has announced that it has raised a $4 million series seed led by a consortium that includes Hanover Technology Management, MS&AD Ventures, and Altamont Capital Partners. Mulberri, a shared platform that makes business insurance easier to access and manage for professional employer organizations (PEOs) […]

AIG selects new EVP of reinsurance buying

Rodrigo Meguelo

American Worldwide Group (AIG) has introduced the appointment of Charlie Fry as govt vp of reinsurance buying and threat capital optimization, efficient July 31. Fry will report back to Peter Zaffino, chairman and CEO of AIG. In his new position, Fry will probably be accountable for AIG’s reinsurance […]

Inszone Insurance coverage Providers swoops for Colorado agency

Rodrigo Meguelo

Inszone Insurance coverage Providers, a nationwide supplier of advantages and private and business traces insurance coverage, has introduced that it has acquired Colorado-based B-W Insurance coverage Company. B-W Insurance coverage was based in 1984 by Bev Watenpaugh, who joined the insurance coverage business after a profitable profession working […]