Sterling Insurance Companies

INSURANCE TECHNOLOGY

USG Insurance Services, Inc. | September 29, 2021

Simply Business, Inc., a Boston-based digital insurance agency focused on small businesses, announced the launch of cyber liability insurance. The new product, developed in partnership with USG Insurance Services, provides small businesses with coverage for financial losses resulting from data breaches and other cyber events, as well as for crisis management, public relations, fraud response, and forensic and legal expenses. Cyber risk is a top concern for small busi...

Sun Life | January 28, 2020

The asset management arm of insurance giant Sun Life Financial is planning its first middle-market private debt acquisition, according to a Reuters report. The newswire suggests that the move is part of a strategy of aiming to expand into higher-yielding investments. Randy Brown, head of insurance asset management at SLC Management, told Reuters that the firm will focus on higher-quality middle-market issuers with “strong covenant protection” and could also reallocate risk from elsew...

Walmart | July 09, 2020

In a surprise move, retail corporation Walmart has entered the health insurance market and has even begun hiring licensed insurance agents for its new business. The company announced in a virtual conference that it would start selling health insurance plans with the creation of “Walmart Insurance Services LLC.” MedCity News reported that the new business’s name was first filed with the Arkansas Secretary of State late last month....

GlobeNewswire | September 11, 2020

Prima Solutions, the leading French insurtech group for insurance and reinsurance professionals in North America, Europe, and Asia Pacific, has announced that AGPM has selected Prima XL as its cloud-based reinsurance management platform. The insurer is placing its confidence in Prima XL to optimize its reinsurance operations. The deployment of the Prima XL cloud platform is part of the group’s strategic initiative to streamline its information systems. After acquiring Prima P&C in 2004...