Generali U.S. Branch

American International Group | June 30, 2020

American International Group has announced that it has entered into an agreement with Safeco Insurance, a Liberty Mutual company, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transition their upper-middle-market personal insurance business to Safeco and Heritage. The transition will take place beginning in the fourth quarter, subject to regulatory requirements. AIG said it would transition “a select portion” of its perso...

Insurance Technology

Carrot | March 23, 2022

Insurance technology platform Carrot General Insurance Corp. (Carrot) and two established insurance companies, Hanwha General Insurance (Hanwha) and Lotte Non-life Insurance Co. (Lotte), are uniting to revolutionize South Korea's insurance claims adjustment system. The parties announced Monday that they are joining forces in "an exclusive strategic alliance" across the South Korean peninsula with the goal to "change the face of the accident handling and claims process". C...

Core Insurance,Insurance Technology

Arthur J. Gallagher & Co. | December 14, 2022

Arthur J. Gallagher & Co. today announced the acquisition of St. Cloud, Minnesota-based Mahowald Insurance, LLC. Terms of the transaction were not disclosed. Founded in 1930, Mahowald is a retail insurance agency offering commercial and personal products, employee benefit packages and risk management services for clients across the Midwest. Bob Mahowald, Jr., and his team will remain in their current location under the direction of Sean Gallagher, head of Gallagher's Great...

Risk Management

AXA XL | February 24, 2022

Applied Underwriters has announced that it will acquire Catlin Specialty Insurance Company ('A+' rated) from the AXA XL group of companies, consolidating the company into the North American Casualty group of companies ('A' rated) in a move intended to bolster Applied's operating capabilities in support of its strategic partners as the E&S market hardens. The transaction is scheduled to close during Q2 as anticipated regulatory approvals are received. Mr. Ja...