Arch Insurance Group

Munich Re | April 01, 2020

The impact of the coronavirus on the insurance industry keeps on coming. The latest victim has been Munich Re, which withdrew its profit guidance for the year as a result of significant insurance claims triggered by the cancellation of large events. Governments across the globe have been banning these public gatherings in the fight to slow the spread of COVID-19. The reinsurer stated that claims within its property and casualty reinsurance segment have caused it to anticipate profits in the low ...

Insurance Technology

HealthComp | January 18, 2022

HealthComp Holding Company LLC (“HealthComp” or “the Company”), a New Mountain Capital company and a leading Third-Party Administrator (TPA) of healthcare benefits for self-funded employers, today announced that it has acquired Gilsbar’s TPA and Care Management (MedCom) divisions (Gilsbar, LLC). Together, the combined business will continue to deliver on two critical priorities for its clients: managing healthcare costs and delivering a best-in-class member experien...

TWFG Insurance | April 22, 2020

TWFG Insurance Services, a full-service national retail insurance agency, has acquired the personal and commercial insurance business of Panoptic Insurance. Headquartered in The Woodlands, TX, Panoptic Insurance is a privately-owned national independent insurance agency. The firm was founded in 2008 by Arden Hetland. “This is an exciting opportunity for us. This acquisition increases the value we can deliver to our agency partners, strengthens our well-defined business model, and adds thou...

Core Insurance, Insurance Technology

Inszone | February 15, 2023

On February 14, 2023, Inszone Insurance services announced its acquisition of Sonora Insurance Agency. This acquisition will allow Inszone Insurance Services to grow within California and broaden its national footprint while continuing its steady growth. Headquartered in Sonora, California, Sonora Insurance Agency has been delivering insurance solutions in its location since 1987. It developed through organic reach and established its prominent place within the Sonora community....