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Insurance Business Magazine | January 29, 2020

Total insurance industry deals for December totaled $14.31 billion, according to analytics company GlobalData’s deals database. The value represented a 233.5% month-over-month spike, and an increase of 224.4% over the 12-month average of $4.41 billion. There were fewer overall deals, however, with a total of 93. That’s a drop of 3.1% over the last 12-month average of 96 deals. North America led deals activity with deals totaling $9.02 billion, according to GlobalData. The top five in...

Constellation Affiliated Partners, RedBird Capital Partners, Coastal Insurance Underwriters | December 29, 2020

Constellation Affiliated Partners (Constellation) today announced the acquisition of Coastal Insurance Underwriters (Coastal) and Cybercom. Financial terms of the transaction were not disclosed. Through the acquisition of Coastal and Cybercom, Constellation will continue to expand its product offerings to the Condominium Association and Homeowner’s Association marketplace. “These new business classes complement many of our existing programs and will provide increased product a...

National Association of Mutual Insurance Companies, the American Property Casualty Insurance Association and the Independent Insurance Agents & Brokers of America Inc. | May 22, 2020

An alternative federal proposal designed to protect businesses financially was unveiled by three major insurance industry groups. Protection must be purchased at least 90 days before the presidential declaration, according to the proposal. Read More

Benefitfocus | April 24, 2020

Technology provider Benefitfocus has announced the next phase of its recently launched “For You” initiative, which supports employers of customers who have lost their jobs due to the economic impact of the COVID-19 outbreak. The company has launched benefitplace.com, a website that allows users to access a variety of affordable individual and family health plans for employees who have been offered COBRA by their employers but are seeking lower-cost alternatives. The site also offers ...