CHAPKA ASSURANCES

Risk Management

Ahoy | June 09, 2022

Ahoy!®, the new digital insurance MGA for recreational boating, today announced the introduction of its industry-first technology-driven insurance product. Ahoy! was created by boaters for boaters, and it blends proactive, risk-reducing technology with its founders' extensive expertise of both boating and insurance to provide cutting-edge insurance products for the twenty-first century. Ahoyinsurance !'s policies will be available directly and through agents in Michiga...

Insurance Technology

Demotech, Inc. | April 01, 2022

Effective March 29, 2022, Demotech, Inc. withdrew the Financial Stability Ratings® (FSRs) previously assigned to Lighthouse Property Insurance Corporation and Lighthouse Excalibur Insurance Company. Despite a substantial capital contribution in the fourth quarter 2021, the operating loss in 2021, which reflected the evaluation of losses and loss adjustment expenses associated with Hurricane Ida, resulted in a level of capitalization below what was needed ...

Swiss Re | March 13, 2020

Swiss Re has launched its Digital Market Center as part of the reinsurer’s “strategic alliance” with Microsoft. Aimed at further advancing insurance innovation and extending financial protection to more people globally, the partnership features the new center which will help develop what were described as “next-generation, large-scale” tools designed to transform the way risks are predicted and managed. Leveraging Swiss Re’s risk knowledge and Microsoft’...

Renaissance Alliance | March 11, 2020

Renaissance Alliance Insurance Services has announced that two new independent agencies have joined its New England network: Oak Tree Insurance Agency in Shrewsbury, Mass., and Reardon Insurance in Waterford, Conn. Oak Tree Insurance Agency was founded in 2007. Lisa M. Griffiths is the agency principal. Reardon Insurance, a family-owned and operated agency, was founded in 1967. Kevin S. Reardon is the owner and president. “We welcome these two excellent agencies as members in our network a...