Prosperity Life

AIG | May 05, 2020

AIG has launched Lloyd’s Syndicate 2019, the largest-ever syndicate to be launched at Lloyd’s. AIG will now operate the ninth largest managing agency in the Lloyd’s market, in terms of capacity.

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...

Prudential | March 12, 2020

Prudential Plc has today revealed official plans for a minority initial public offering (IPO) of its US subsidiary, Jackson. The London-based firm, which recently described itself “an Asia-led portfolio of businesses” after demerging from its UK and European savings and investments arm last year, has made the decision to float part of its US business amidst pressure from investors to cut ties. According to Reuters, one “rebel investor” – a US hedge fund named Third ...

Risk Management

Distinguished Program Holdings LLC | February 15, 2022

Distinguished Programs ("Distinguished"), a national insurance program manager, today officially announces the relaunch of its Express Umbrella program which includes the Express Real Estate Umbrella and Express Community Associations Umbrella products. The program offers limits up to $5M and caters to community associations, homeowner associations, condominium associations and small commercial buildings. "The Express Umbrella program is perfect for re...