RSUI Group, Inc

Goldman Sachs Asset Management | July 17, 2020

Global insurers are looking to increase investments in commercial warehouses over office space, according to a Reuters report. Investments in office space have become riskier due to the increase in remote work during the coronavirus pandemic, Goldman Sachs Asset Management (GSAM) said. The COVID-19 outbreak is pushing insurers to exchange “undesirable” real estate investments – including both office space and retail properties – for investments in warehouses, GSAM said....

Insurance Technology

Markel Corporation | November 16, 2021

Markel Corporation (NYSE: MKL) announced that it is winding down Lodgepine Capital Management Limited (Lodgepine), its retrocessional Insurance Linked Securities (ILS) fund manager based in Bermuda. Markel launched Lodgepine in 2019, with product offerings focused on property catastrophe retrocessional investments. In 2021, Lodgepine wrote a portfolio of property retrocessional business that consisted of approximately $230 million of initial limits. The Lodgepine Fund launched Jul...

Core Insurance

World Insurance Associates LLC | September 28, 2022

World Insurance Associates LLC (WIA), a Top 50 Insurance Brokerage, announced today that it acquired Cotten Coverage Insurance Agency (“Cotten Coverage”) of Farmingville, NY on September 1, 2022. Terms of the transaction were not disclosed. Cotten Coverage provides property & casualty personal lines products and services, as well as commercial lines products and services to customers on Long Island. The agency was founded in 1991 by Bob Cotten and...

Amynta Group | February 11, 2020

Amynta Group has announced that PDP Group – Amynta’s managing general agency specializing in offering insurance and title administration services to auto dealerships – will be offering a parametric hail insurance program. PDP Group has partnered with Hailsure Underwriting Managers to offer the new insurance program to auto dealers. A release said that Richard Duer, managing member of Hailsure, helped to develop the first parametric hail program in 2019 for auto dealers in Color...