ICBC (Insurance Corporation of British Columbia

TRISTAR Insurance | January 16, 2020

TRISTAR Insurance Group – a major, privately-owned independent third-party claims administrator in the US – has agreed to acquire Aspen Risk Management Group. A release said that the transaction was expected to close yesterday - January 15, 2020. TRISTAR believes the move is “a significant step forward in establishing a strategic presence in the loss control and workplace safety market.” Following the transaction, all Aspen employees will continue to operate out of their ...

INSURANCE TECHNOLOGY

Invoice Cloud | March 17, 2021

Invoice Cloud, an EngageSmart answer for online bill payment services, today reported huge development in the insurance industry, having marked 150 insurance clients in three years. Invoice Cloud presently serves clients in large commercial and personal lines, laborer's compensation, farm bureaus, medical malpractice, regional carriers, and managing general agents (MGAs)— supplanting significant contenders more than 40 times. The previous year brought a restored push for...

Prudential | March 12, 2020

Prudential Plc has today revealed official plans for a minority initial public offering (IPO) of its US subsidiary, Jackson. The London-based firm, which recently described itself “an Asia-led portfolio of businesses” after demerging from its UK and European savings and investments arm last year, has made the decision to float part of its US business amidst pressure from investors to cut ties. According to Reuters, one “rebel investor” – a US hedge fund named Third ...

INSURANCE TECHNOLOGY

Parachute Digital Solutions | November 23, 2020

Parachute Digital Solutions Inc., a Munich Re company, reports the dispatch of Parachute 2.0, a turnkey product and carrier agnostic online insurance platform for carriers, brokers, employers, associations, and retailers to offer life and supplemental health protection plans in a simple to-utilize, secure and smoothed out digital environment. “Parachute 2.0 reinforces our core philosophy and commitment to making insurance simpler for all involved, whether that’s carrie...