Insurance Brokers Association of Ontario

RISK MANAGEMENT

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...

North P&I Club | February 05, 2020

North P&I Club has announced the launch of a digital tool to help shipowners and operators track the spread of the coronavirus outbreak. North has developed its MyGlobalView platform so that it can now provide live updates on the number of confirmed cases of the virus, countries at risk, and what to look out for, the company said. The software sources its data from the World Health Organization (WHO) and other sources, and can assist ships with chartering and operations and help prepare staf...

INSURANCE TECHNOLOGY

Patientbond | March 21, 2022

PatientBond, the leading consumer science-driven patient engagement SaaS provider, announces it is working with Falck USA, to recover missed patient payments and insurance reimbursement. Falck USA is one of the largest private providers of 24-hour ambulance transport and 911 response services in the United States, offering both basic and advanced life support. One challenge Falck USA faces is that many ambulance trips are not reimbursed by health insurance, because crisis situatio...

RISK MANAGEMENT

Aquiline Capital Partners | November 01, 2021

Ripe Thinking Limited ("Ripe"), a UK-based digital underwriting and insurance distribution platform, is pleased to announce that it has entered into a definitive agreement for Aquiline Capital Partners LLC ("Aquiline") to acquire a majority stake in the company. Aquiline is a private investment firm based in New York and London with $6.9 billion in assets under management, specialising in investments at the intersection of technology and finance. Financial terms of the transa...