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AssuredPartners | February 17, 2020
AssuredPartners has announced the acquisition of Nevada West Business Insurance Agency, a Las Vegas-based firm. “Having Nevada West join AssuredPartners is a fantastic fit for our Nevada marketplace,” said Greg Van Ness, AssuredPartners regional president. “They have expertise in commercial insurance that is a welcome addition. This partnership will continue to deliver the highest level of service with the best solutions our clients expect from us.” “AssuredPa...
Sompo International | April 17, 2020
Sompo International Holdings is saying goodbye to insurance marketplace Lloyd’s of London.
Starting January 2021, the specialty provider of property & casualty insurance and reinsurance will no longer write business from Endurance at Lloyd’s or Syndicate 5151. Sompo International said all renewals and new business will be written from Endurance Worldwide Insurance Limited, as the Bermuda-based insurer consolidates its London presence into one company market platform....
Marsh | March 26, 2020
More and more businesses are purchasing cyber insurance, according to a new report by Marsh. Forty-two per cent (42%) of Marsh’s US-based clients purchased cyber insurance last year, up from 38% in 2018 and more than double the number of companies that purchased cyber coverage in 2014, according to Marsh’s 2019 Cyber Insurance Purchasing Trends Report. The number of Marsh US clients who purchased standalone cyber insurance for the first time grew 18% in 2019, compared to 12% in 2018....
USG Insurance Services, Inc. | September 29, 2021
Simply Business, Inc., a Boston-based digital insurance agency focused on small businesses, announced the launch of cyber liability insurance. The new product, developed in partnership with USG Insurance Services, provides small businesses with coverage for financial losses resulting from data breaches and other cyber events, as well as for crisis management, public relations, fraud response, and forensic and legal expenses.
Cyber risk is a top concern for small busi...
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