Apollo Munich Health Insurance Company Ltd

INSURANCE TECHNOLOGY

Confie | December 15, 2021

Confie, the largest independent personal lines distributor in the U.S., today announced it will acquire Velox Insurance as an affiliate to its nonstandard national brand Freeway Insurance. The acquisition includes all 40 locations in Georgia, tripling Confie's presence in the state, as well as two Florida franchise locations. Freeway Insurance will retain all current Velox Insurance employees and franchise holders – including founder Jose L. Robayo-Ramirez– as well...

CORE INSURANCE, RISK MANAGEMENT

Inszone Insurance | March 08, 2023

On March 7, 2023, Inszone Insurance Services announced the conclusion of its acquisition of Donna Ledwick Insurance Services, previously owned and operated by Donna Ledwick. The move is part of Inszone Insurance's plan to increase its national reach and solidify its position as one of the best insurance companies in the United States. Donna Ledwick expressed, "I'm excited to join forces with Inszone Insurance, which will enable us to better meet the demands of our c...

North P&I Club | April 15, 2020

Global marine insurer North P&I Club has developed a new COVID-19 tracking tool. North has made the tool available as a shared resource to the International Group of P&I Clubs. The tool was first released by North in February. It details the extent of the COVID-19 outbreak and the response measures that have been introduced in a single digital dashboard, including country- and port-specific advice for shipowners, charterers, operators and others, North said. The tool utilizes information...

Windstorm Insurer | February 19, 2020

The wind and hail insurance carrier of last resort for counties along the Texas coast has determined that its 1-in-100 probable maximum loss (1:100 PML) for the 2020 catastrophe year is $4.2 billion. At a quarterly meeting in Austin on Dec. 18, the board of the Texas Windstorm Insurance Association directed staff to bring the association’s 2020 catastrophe funding up to the $4.2 billion mark through a combination of catastrophe bonds and traditional reinsurance. Together, the cat bonds and...