HealthCare International

Core Insurance

Specialty Program Group and Catapult Insurance Solutions | November 03, 2022

Specialty Program Group LLC (SPG), a leading operator of specialty insurance brokerages and underwriting facilities, announced today the acquisition of the assets of Catapult Insurance Solutions. Catapult is a privately held managing general insurance agency and wholesale brokerage for niche industries and hard-to-place risks. Led by President Tim Sunderman, Catapult's largest delegated authority program is dedicated to providing residential homebuilders, commercial general co...

Texas Farm Bureau Insurance | April 29, 2020

Texas Farm Bureau Insurance (TFBI) is refunding more than $20 million to it auto insurance customers, in response to the decrease in accidents following COVID-19 social distancing rules. A release explained that the company’s auto insurance policyholders will be credited and/or refunded 15% of their insurance premiums for two months. Those credits/payments will begin May 15, 2020. Policyholders will not need to take any action to claim their credit refund, TFBI said. For thos...

Berkshire Hathaway | February 24, 2020

Berkshire Hathaway Inc. may have bounced back big-time in the fourth quarter of 2019 – from a US$25.4 billion net loss in the same quarter in 2018 to net earnings attributable to shareholders of US$29.2 billion this time around – but the same can’t be said about the group’s insurance underwriting result. In a release over the weekend, the multinational conglomerate reported an operating loss of US$857 million for insurance underwriting. Berkshire’s insurance investm...

Insurance Technology

Cogitate | May 10, 2022

Cogitate, a leader in accelerating digital insurance for Wholesale Brokers, MGAs, and Carriers, has announced the acquisition of Axiom, a Claims & Billing software provider for Property and Casualty Insurance. With this acquisition, Cogitate will offer full stack, cloud native digital underwriting, distribution, billing and claims solutions within its DigitalEdge insurance platform. Cogitate DigitalEdge is an industry-leading insurance digitalization platform that incorporates...