INTELLECTUAL PROPERTY
AmWINS Group, Inc. | January 04, 2021
AmWINS Group, Inc. a worldwide merchant of specialty insurance products and administrations, today reported the rebranding of subsidiary Networked Insurance Agents to AmWINS Access – Admitted Placement Services, compelling January 1, 2021.
Networked joined AmWINS in 2017 as a main insurance aggregator, bunch, and showcasing network composing conceded business for in excess of 1,300 retailers in each of the 50 states. AmWINS Access is a cross country restricting stage for little property and loss business involving three fragments: E&S Small Commercial, Personal Lines, and Admitted Placement Services.
“The culture that Networked Insurance Agents has instilled over the past 28 years remains intact, and building partnerships that result in meaningful, lasting relationships is still at our core,” said Larry Oslie, Chief Operating Officer of Admitted Placement Services. “With further integration into AmWINS Access, we can provide our retail agency partners with a one-stop shop for admitted and E&S capabilities.” The move reflects AmWINS’ rich legacy of being built as one team supporting clients, markets, and spheres of interest on every continent through a global platform of network partnerships and local expertise.
“Great progress has been made since joining the AmWINS family three years ago, as Networked Insurance Agents steadily expanded their membership footprint while enabling members to realize their full potential,” said Tony Gresham, President of AmWINS Access. “AmWINS Access – Admitted Placement Services will continue offering independent agents and brokers innovative solutions now paired with the expertise and market access of the largest P&C wholesaler in the United States.”
About AmWINS Group, Inc.
AmWINS Group, Inc. is the largest independent wholesale distributor of specialty insurance products in the United States, dedicated to serving retail insurance agents by providing property and casualty products, specialty group benefit products, and administrative services. Based in Charlotte, N.C., the company operates through more than 115 offices globally and handles premium placements in excess of $20 billion annually.
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Business Wire | August 14, 2020
Vertafore, the leader in modern insurance technology, today announced that it will be acquired by Roper Technologies, Inc. (NYSE: ROP), a leading diversified technology company. Roper will acquire Vertafore from Bain Capital Private Equity and Vista Equity Partners with the acquisition expected to close in the third quarter, subject to regulatory approval and customary closing conditions. Since 2016, Vertafore has added more than 500 employees and improved its customer net promoter score by 200%, while meaningfully increasing its annual recurring sales and investment in its products. All of these initiatives have been done in support of the company mission to automate and simplify insurance distribution to drive value for their customers. As part of the Roper family of companies, Vertafore will continue to be led by Amy Zupon as its chief executive officer.
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Beazley | June 12, 2020
Beazley has announced the launch of a new occurrence media liability policy that covers many risks faced by small to medium-sized media outlets and publishers in the US.
Beazley’s new policy provides professional indemnity cover written on an occurrence basis.
In addition, the policy offers optional coverage for technology errors and omissions, information security and privacy, and bodily injury or property damage.
Specialist insurer Beazley has announced the launch of a new occurrence media liability policy that covers many risks faced by small to medium-sized media outlets and publishers in the US.
“The media landscape has changed considerably in the last decade,” Beazley said. “As traditional publishing and media groups have moved increasingly online, freelancers who solely publish online, including bloggers, vloggers and social influencers, are growing in number and reach. As the public looks to a wide range of sources for content, the media sector has become more crowded and awareness of the risks associated with publishing varies widely.”
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Beazley’s new policy provides professional indemnity cover written on an occurrence basis. The coverage focuses on defamation, libel and slander, and infringement of copyright and trademark. It also includes a range of other content-related exposures. The policy also includes unintentional breach of contract with a client and mitigation costs (sub-limited) to minimize claims escalation.
In addition, the policy offers optional coverage for technology errors and omissions, information security and privacy, and bodily injury or property damage arising out of the publication of content.
The US media sector is undergoing substantial changes, with the launch of new channels for publishing and broadcasting and the growing reach of bloggers, vloggers and social influencers, Freelance publishers and start-up media ventures ought to be aware that they are as liable as traditional, established media groups for the content and materials they publish or share. They face a range of exposures including defamation, intellectual property and privacy, and should consider the precautions and cover they need to protect themselves against potential claims.
- Angela Weaver, global head of media liability for Beazley.
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The new policy covers various media professionals including publishers, broadcasters, authors and journalists, bloggers, vloggers, social influencers and content creators, and advertising producers and advertising agencies. Limits of up to $5 million are available on a worldwide basis.
AboutBeazley
Beazley plc is the parent company of specialist insurance businesses with operations in Europe, the US, Canada, Latin America, Asia and Australia. Beazley manages six Lloyd’s syndicates and, in 2017, underwrote gross premiums worldwide of $2,343.8 million. All Lloyd’s syndicates are rated A by A.M. Best. In the US, our underwriters focus on writing specialist insurance products in the admitted market, backed by Beazley Insurance Company, Inc., an admitted property/casualty carrier in all 50 states; and surplus lines risks, backed by the Beazley syndicates at Lloyd’s. Beazley Insurance Company, Inc. is rated A by A.M. Best.
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