Professional Benefit Administrators, Inc.

Gallagher | January 28, 2020

Global insurance brokerage and risk management firm, Arthur J. Gallagher & Co., has today announced its purchase of Hanover Excess & Surplus, a Wilmington, N.C.-based managing general agency (MGA). The MGA, which was launched in 1970, offers hard-to-place coastal commercial and personal property/casualty coverages, as well as professional liability coverages, to clients across North Carolina, South Carolina, Virginia and Georgia. Following the deal, Hanover Excess & Surplus will beco...

AXA XL | February 24, 2020

When head of cyber and TMT, international financial lines, at AXA XL, James Tuplin moved into technology PI in 2006, it was a very niche class and there were only a small number of underwriters in London who wrote PI specifically for technology companies around the world. At that time, he said, a lot of cyber covers were built and designed in technology PI cover as the underwriting between the two risks had strong similarities. Indeed looking at the current cyber market, Tuplin noted that a larg...

Chubb | February 14, 2020

Chubb has announced that its Incident Alert tool is now available for excess casualty clients. The tool has previously been used by Chubb environmental and cyber clients. It assists clients during a catastrophic event by helping to identify qualified response contractors, manage clean-up efforts and mitigate potential liabilities, Chubb said. “Catastrophic losses can happen unexpectedly and at any moment,” said Joe Fobert, executive vice president of Chubb Excess Casualty. “Whe...

Core Insurance

CoverTree and Socotra | October 03, 2022

CoverTree, an insurtech MGA based in Michigan, partnered with Socotra, the core platform provider of choice for innovative insurers, to launch easy and affordable insurance for owners, renters, and landlords of manufactured homes. With Socotra, CoverTree can now automate 92% of its applications with straight-through processing, enabling their customers to purchase a policy online in less than three minutes and save up to 40% in premiums. Traditionally, manufactured homes have been...