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Furness Underwriting Ltd
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Xceedance, Activer Solutions | January 22, 2020
Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain services, has announced the acquisition of Activer Solutions. Massachusetts-based Activer Solutions specializes in insurance operations and technology services for front-, middle, and back-office operations of property and casualty insurers. Over the next few months, Activer Solutions will be absorbed into Xceedance’s US operations. “The US property and casualty insurance...
Just Auto Insurance | May 13, 2020
Just Auto Insurance launched pay-per-mile auto insurance product in Arizona.
This is the new telematics-based solution targets lower income consumers with a quick prepaid product.
K2 Insurance | February 04, 2020
K2 Insurance Services (K2) has announced today that it is entering into a deal with London-headquartered MGA Pioneer Underwriters. Notably, this transaction will be the specialty insurance services holding company’s first acquisition outside of the United States. According to a press release, the UK underwriting organization will be the linchpin for a new international platform from K2. Initially, this will include products in Pioneer’s property cat reinsurance, financial institution...
Kroll Bond Rating Agency, LLC (KBRA) | December 29, 2021
Kroll Bond Rating Agency (KBRA) assigns an Insurance Financial Strength Rating of BBB+ with a Stable Outlook to Tower Hill Insurance Exchange (THIE). THIE was formed as a Florida reciprocal exchange and will begin writing residential property insurance in Florida within its first year of operation and continue to expand in the Florida market over the subsequent two years.
The rating reflects its sound initial capitalization, conservative investment portfolio, and reasonable busine...
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