Insurance Nerds

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...

American Club | February 25, 2020

The American Club saw solid performance over the 2020 P&I renewal season despite challenging conditions in the shipping and insurance sectors. Year-on-year premium for the club’s mutual P&I class stayed flat. A small decrease in revenue for its freight, demurrage and defense (FD&D) business was offset by a commensurate increase in premium for charterer’s entries. Total income on renewal will be nearly identical for 2020 to that for 2019, the American Club said. Premium at...

INSURANCE TECHNOLOGY

INCENTER Insurance Solutions | November 18, 2022

INCENTER Insurance Solutions, a member of the INCENTER family of companies, today announced the opening of an office in Plano, Texas, which will serve the entire state. The new office opens its doors with five staff members born and raised in Texas. In the coming months, the company will add up to 20 more employees. As a national firm that's licensed to write business in all 50 states, INCENTER Insurance Solutions' new Texas location signifies its commitment to having expe...

Marsh | March 26, 2020

More and more businesses are purchasing cyber insurance, according to a new report by Marsh. Forty-two per cent (42%) of Marsh’s US-based clients purchased cyber insurance last year, up from 38% in 2018 and more than double the number of companies that purchased cyber coverage in 2014, according to Marsh’s 2019 Cyber Insurance Purchasing Trends Report. The number of Marsh US clients who purchased standalone cyber insurance for the first time grew 18% in 2019, compared to 12% in 2018....