Liberty Global Transaction Solutions unveils contingent legal risk insurance

Liberty Global Transaction Solutions | January 17, 2020

Liberty Global Transaction Solutions (Liberty GTS), a standalone business of Liberty Mutual Insurance that provides M&A insurance, has launched a new contingent legal risk insurance product. The company has also named Aude Bonnemaison, a representations and warranties (R&W)/warranty and indemnity (W&I) insurance underwriter with Liberty GTS, as its first underwriter dedicated to the new product. She will report to Liberty GTS chief underwriting officer Gareth Rees, who will also lead the new division. Liberty GTS’s contingent legal risk insurance product features capacity up to $165 million per policy, a release said.

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We’re pleased to offer our second annual treatise on Healthcare Malpractice Claims in the United States. While it is always a challenge to select relevant areas for discussion, we believe we have selected topics of particular interest to the Healthcare community. At American International Group (AIG), we greatly value our relationship with our valued clients. Now more than ever, our partnership with our clients provides the basis for open exchanges of ideas and information; a continued commitment to patient and resident safety; and a continued commitment to justly resolve claims.

Spotlight

We’re pleased to offer our second annual treatise on Healthcare Malpractice Claims in the United States. While it is always a challenge to select relevant areas for discussion, we believe we have selected topics of particular interest to the Healthcare community. At American International Group (AIG), we greatly value our relationship with our valued clients. Now more than ever, our partnership with our clients provides the basis for open exchanges of ideas and information; a continued commitment to patient and resident safety; and a continued commitment to justly resolve claims.

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HUB INTERNATIONAL STRENGTHENS PERSONAL INSURANCE CAPABILITIES WITH ACQUISITION OF THE ASSETS OF BUBRIG INSURANCE AGENCY, LTD. IN LOUISIANA

Hub International | August 05, 2022

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced today that it has acquired the assets of Bubrig Insurance Agency, Ltd. and its affiliate Blue Cedar Insurance, LLC (collectively, Bubrig Insurance Agency). Terms of the transaction were not disclosed. Located in Belle Chasse, Louisiana, Bubrig Insurance Agency is an independent agency providing personal insurance solutions, including home, auto, flood, life and recreation. "With Bubrig Insurance Agency, we will continue our growth in the region, We are enthusiastic about our future together, and we're confident that this partnership will create new opportunities for us." -Shaun Norris, President of Hub Gulf South Bill Bubrig, President, and the entire Bubrig Insurance Agency team will join Hub Gulf South. Joining Hub is an attractive opportunity and gives us access to additional national resources and capabilities so that we can continue to provide the highest quality of service to our clients, said Bubrig. About Hub's M&A Activities Hub International Limited is committed to growing organically and through acquisitions to expand its geographic footprint and strengthen industry and product expertise. About Hub International Headquartered in Chicago, Illinois, Hub International Limited is a leading full-service global insurance broker and financial services firm providing risk management, insurance, employee benefits, retirement and wealth management products and services. With more than 14,000 employees in offices located throughout North America, Hub's vast network of specialists brings clarity to a changing world with tailored solutions and unrelenting advocacy, so clients are ready for tomorrow.

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Insurtech Platform Asteya Joins as Founding Partner with AURORA Institute

Asteya | September 06, 2022

Insurtech platform Asteya recently supported the launch event of the newly founded AURORA Institute in St. Tropez on Saturday, July 23. The crucial event saw over 500 international attendees including several well-known celebrities, entrepreneurs, and investors. People of note included Robbie Williams, Kevin Love, Giannis Antetokounmpo, Rob Raco, Cameron Winklevoss, Lola Tash & Nicole Argiris, Peter Berg, Philippe Parenno, Kate Bock, and Queen Latifah. Live performances, presentations, and art installations included Kool & The Gang, Tinie Tempah, BLOND:ISH, master mentalist Lior Suchard, Tino Sehgal, Jeppe Hein, Refik Anadol, and the "first cyborg" Nathan Copeland. The AURORA Institute was founded by Louise Tabbiner, Christian Angermayer, and Henry Chalhoub. AURORA's mandate is to be the first non-profit incubator of its kind, focused on funding the world's leading individuals and NGOs dedicated to solving the existing global mental health crisis. The Institute's goal is to amplify the efforts of those already doing the most impactful work or to empower those that could do more - helping them build their own foundations or navigate how to make mental health a core focus in their companies, communities, and organizations. "At Asteya, our vision is to protect people's income and help them live a healthier and better life both physically and mentally, According to the National Institute of Mental Health, nearly one in every five adults experience mental illness, which is equivalent to nearly 50 million Americans, and additionally one out of 10 Americans with a mental illness are uninsured. We are proud to be one of the Founding Partners of the AURORA Institute whose mandate is to increase visibility and awareness around the need for mental health funding and to destigmatize mental health issues. At Asteya we strive to make mental health a priority for not only our customers but our corporate team as well." -Asteya Co-Founder Hadi Radwan The inaugural event honored the first four AURORA Institute prize winners, who were recognized for their significant contributions to ending the mental health crisis. Winners included Kevin Love, Dr. Adam Gazzaley (M.D., PhD.), The Klitschko Foundation, and The Weight of Gold. The event, titled Evening of Discovery, focused on the new science of mental health, mindful meditation, the integration of the metaverse and virtual reality in mental health interventions, and more. The launch event raised over $8 million which will be directed to the prize winners' charities of choice. The event and Asteya's involvement marked a crucial milestone in AURORA's plans to raise $50 million in the next 5 years while increasing visibility and awareness around the need for global mental health funding and de-stigmatization of mental health issues. Much in line with Asteya's ethos, The AURORA Institute believes that by exploring and opening our minds, we can build a healthier, happier, and more inclusive future for all. About Asteya Asteya is an Insurtech company whose mission is to make income insurance accessible to anyone. Asteya's goal is to support people's financial, physical, and mental health so they can focus on living. Founded in 2019, Asteya is backed by I2BF Ventures, Capital Factory, Cap Meridian Ventures, and Northstar.vc.

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PCF Insurance Services' Earns Recognition as Industry Leader

PCF Insurance Services | September 22, 2022

PCF Insurance Services (PCF), a leading national insurance brokerage, was recently named a top 20 insurance broker on Business Insurance's "2022 Top 100 Brokers of U.S. Business" list. The list, which ranks companies by their 2021 brokerage revenue generated by U.S.-based clients, identifies the highest-grossing companies in the insurance industry. The company also placed within the top 15 on Insurance Journal's "2022 Top 100 Property/Casualty Agencies" list, which ranks companies by total property and casualty (P&C) agency revenue. With 2021 revenue of $590 million, PCF Insurance increased its Business Insurance ranking from No. 27 last year to No. 20 in 2022, representing the largest year-over-year jump among top 20 companies. The company's year-over-year revenue increase of more than 150% was also the largest percentage increase of any company in the top 20. PCF Insurance's 167% P&C revenue increase from $176 million in 2021 to $470 million in 2022 provided the momentum for the company to boost its standing in the Insurance Journal ranking from No. 20 last year to No. 13 in 2022. Over a three-year period, PCF Insurance has seen a 3,830% growth in revenue. "In just under four years, PCF has scaled from an agency with more than $10 million in revenue to a leading national insurance brokerage with annual revenue exceeding $640 million, This recognition is a testament to our pursuit thoughtful, value-accretive expansion and our partners' commitment to delivering best-in-class services to clients." -Peter C. Foy, Chairman, Founder and CEO of PCF Insurance The rapid ascension among the industry's leading brokerage firms is a testament to PCF Insurance's collaborative partnership model and culture. PCF Insurance has an intentional approach to attracting and bringing on entrepreneurial-minded, growth-focused agency owners who perform at a high level, deliver year-over-year increases in organic growth, and retain clients. PCF Insurance has earned a reputation as being a preferred partner for entrepreneurs because even though our partners are independent, everyone has a stake in the success of our organization, Our Agency Partners are the fuel to our success. They collaborate, share knowledge, and as a result, propel our growth strategy. Because when one of us grows, we all grow.,said Peter C. Foy. In addition to the expansion of its technology and infrastructure investments, PCF Insurance completed six acquisitions in 2019, 36 in 2000, 89 in 2021, and is on pace to complete more than 100 acquisitions this year. Of these acquisitions, XX% of these deals were a direct result of referrals from within the PCF partner network. To continue to add value and diversification to its network of offerings, PCF recently announced acquisitions of California-based Andreini & Company, Utah-based MGA United Underwriters, and specialty MGA Professional Warranty Service Corporation (PWSC). According to analysis by Chicago-based Optis Partners LLC. Through the company's collaborative structure, PCF Insurance currently serves more than 465,000 clients through its network of nearly 165 Agency Partners* across 37 states. About PCF Insurance Services A top 20 U.S. broker headquartered in Lehi, Utah, PCF Insurance Services is a leading full-service consultant and insurance brokerage firm offering a broad array of commercial, life and health, employee benefits, and workers' compensation solutions. Propelled by its people, PCF Insurance's agency-centric operating model and entrepreneurial environment support its tremendous growth profile, offering partners alignment through equity ownership, significant leadership incentives, and resources to over 3,100 employees throughout the U.S. PCF Insurance is a notable leader in the insurance space, ranked #20 on Business Insurance's 2022 Top 100 Brokers and #13 on Insurance Journal's 2022 Top Property/Casualty Agencies.

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