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At-Bay | February 27, 2020
At-Bay has announced the launch of an automatically underwritten technology errors and omissions policy. At-Bay’s Technology & Cyber Insurance Policy expands coverage beyond cyber liability to include tech E&O. With the launch of the new policy, brokers will be able to get instant tech E&O quotes using At-Bay’s online broker platform or API and email submissions. “With our technology, brokers can get a tech E&O quote in seconds,” said Brett Sadoff, At-Bay ...
Insurance Business Magazine | January 20, 2020
Auto insurance rates across the US continue to rise, and one state continues to pay the steepest premiums, a new report from The Zebra has found. The insurance comparison site carried out a survey of 73 million rates in 2019, and found that the state of Michigan – already infamous in past years for its high rates – had average annual auto insurance rates of $3,096. This represented a 7.3% increase from 2018’s average, and a 39.5% increase over 2011. By comparison, the national ...
Gallagher | March 03, 2020
Global insurance brokerage, risk management and consulting services firm Arthur J. Gallagher & Co. has announced its acquisition of wholesale insurance broker CMS, LLC. Based in Melville, NY, CMS is a full-service wholesale broker working with agents across the United States. The team specializes in placing coverages for construction, importing, wholesaling/distributing, manufacturing, and real estate businesses, as well as personal lines. CMS president and chief executive officer Scott Char...
AXA XL | January 13, 2020
The activities surrounding the mega-merger of AXA and XL Group’s businesses are far from over. Today, AXA XL announced that it has now merged AXA Corporate Solutions (ACS) and AXA ART into XL Insurance Company SE (XLICSE). This move was a follow-on from the acquisition of XL Group by AXA that was completed all the way back in September 2018. The ACS, AXA ART, and XLICSE merger has been approved by regulatory authorities, including the Central Bank of Ireland and the Irish High Court, and t...
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