Insurance Brokers of Minnesota - Jordan

Core Insurance, Intellectual Property

Brown & Brown, Inc. | September 14, 2022

J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc., and Scott Smithwick and Chris Smithwick, today announced that Brown & Brown of Massachusetts, Inc., a subsidiary of Brown & Brown, Inc., has acquired substantially all of the assets of Smithwick & Mariners Insurance, MidCoast Insurance and Chapman & Chapman Insurance (collectively, Smithwick & Mariners). Originally founded in 1987 to service the marine industry (marinas, yacht clubs, b...

Insurance Technology

Guidewire | May 06, 2021

Guidewire Software, Inc., the platform P&C insurers trust to engage, innovate, and grow efficiently, today announced the availability of Guidewire's Usage-Based Insurance Solution. Planned in view of speed, the UBI Solution can be deployed inside 12 weeks and supports the start to finish insurance lifecycle including quote, billing, and automated claims consumption. Forrester Research projects usage-based insurance policies to grow 50 percent in 2021.1 “Increasing ap...

Core Insurance, Risk Management

Verisk | October 12, 2022

Many insurers and reinsurers face challenges when assessing property risks for multiple buildings and units that share a common address. To solve this problem and simplify underwriting and portfolio management processes, Verisk (Nasdaq: VRSK), a leading global data analytics provider, has introduced BINS (Building Identification Numbering System), which utilizes geospatial data and proprietary technology to create an inventory of commercial and residential structures. Leveraging a...

Risk Strategies, Atlas Insurance | March 05, 2020

Risk Strategies has announced its acquisition of Atlas Insurance Management, as part of the former’s purchase of Atlas Group Limited and its affiliated entities. Terms of the transaction were not disclosed. The announcement comes immediately after Risk Strategies completed a recapitalization transaction with private equity firm Kelso & Company. A previous company statement said that the transaction would help fund Risk Strategies’ ongoing acquisition strategy, among other busines...