Hub acquires assets of Pennsylvania investment consulting firm

Hub | September 20, 2019

Hub International has announced that it has acquired certain assets of WhartonHill Retirement Services, Strategic Planning Resources, and Karen McCloskey, collectively doing business as WhartonHill Advisors. Pennsylvania-based WhartonHill Advisors is a national investment consulting and private wealth firm. The company offers investment management, retirement plan expertise, investment fiduciary services, financial and retirement services planning and specialized executive benefit services. As of June 30, the company had more than $3 billion in assets under advisement.

Spotlight

Coverdrone recently released a new pay per day option for flexible drone insurance. Policies are available through the Coverdrone FlySafe app with terms between one and seven days. This policy adds to their existing range of Flight Test and training cover and annual cover.

Spotlight

Coverdrone recently released a new pay per day option for flexible drone insurance. Policies are available through the Coverdrone FlySafe app with terms between one and seven days. This policy adds to their existing range of Flight Test and training cover and annual cover.

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INSURANCE TECHNOLOGY

Oakbridge Insurance Partners with Brock Insurance Agency

Oakbridge | June 15, 2022

Oakbridge Insurance Agency announced a new partnership with Brock Insurance Agency. Brock Agency is an independent agency with corporate offices in Rossville, Georgia, Chattanooga, Tennessee, and Savannah. This partnership establishes Oakbridge’s first presence in Tennessee and also promotes the agency’s continued Southeastern expansion. We are very excited to join Oakbridge and have been working with Oakbridge's founding firms for over a decade, and this partnership is evidence of the trust and bond we have built and will continue to nurture." Brock's President Mark Brock. For the past three years, Brock has been recognized by Independent Insurance Agents & Brokers of America as a Best Practices Agency and a top performer in their revenue category in 2021. As a result of the agreement, Brock gains access to extra resources and initiatives and a network of like-minded professionals dedicated to offering innovative solutions for their clients. The alliance doubles Oakbridge's employee benefits presence in the region and complements the firm's focus on construction, real estate, manufacturing, charities, and energy. About Oakbridge Insurance Agency Oakbridge Insurance Agency LLC is a fast-developing partnership model for organizations seeking expedited growth, access to finance, and an expanded array of capabilities to service clients. Oakbridge is one of the region's largest privately-owned insurance, risk management, and employee benefits businesses, having been named a "Top 100" insurance brokerage by Business Insurance and Insurance Journal magazines. Agriculture, bond/surety, construction, financial, health care, manufacturing, municipalities, non-profit, senior living, and transportation are among the areas where the agency has specific experience. Visit oakbridgeinsurance.com for more information.

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CORE INSURANCE

Allianz Global Corporate & Specialty to target multinational insurance with new set-up and dedicated investments

Allianz Global Corporate & Specialty | July 15, 2022

Allianz is aiming to substantially expand its business from customers in the global insurance program sector to serve the increasing demand from large and medium-size companies needing cross-border coverage. Its international corporate insurance carrier, Allianz Global Corporate & Specialty (AGCS), is strengthening its capabilities, including a new market-facing team as well as dedicated investments in data and technology, and will expand its customer services. To support its Multinational customers, AGCS has moved the Management Board responsibility to the ‘Regions and Markets’ area led by Henning Haagen, who oversees market-facing activities including distribution. The new AGCS Multinational set-up also includes a strengthened global leadership team and enhanced regional responsibilities. Guy Money, currently Global Head of Product at AGCS, has been appointed Global Head of Multinational Business. The well-established AGCS Captive Solutions team, led by Brian McNamara, will be integrated into the Multinational business to serve customers with a broad range of services from traditional, multi-line global programs to captive fronting and reinsurance as well as hybrid combinations of traditional and alternative risk transfer. “With our new strategy and set-up, integrated with the network strength of Allianz Group, we are well positioned to capture new business in this sophisticated segment of corporate insurance. This ambition is very much in line with our overall market leadership aspiration,” says AGCS Chief Executive Officer Joachim Mueller. “With our new strategy and set-up, integrated with the network strength of Allianz Group, we are well positioned to capture new business in this sophisticated segment of corporate insurance. This ambition is very much in line with our overall market leadership aspiration,” says AGCS Chief Executive Officer Joachim Mueller. New AGCS Multinational team Further key leadership appointments in the new AGCS Multinational team include Jayesh Patel who is leading the Multinational Market Practice Team. He and his regional representatives will work closely together with AGCS’ global and regional distribution teams to drive business development in target markets. Karol Dobias remains in charge of the Business Excellence unit responsible for global standards, performance tracking and steering. The Network Management Team is overseen by Melanie Windirsch, who is responsible to deliver local services across all network countries. Nigel Leppitt will oversee the Multinational transformation program. About Allianz Global Corporate & Specialty Allianz Global Corporate & Specialty (AGCS) is a leading global corporate insurance carrier and a key business unit of Allianz Group. We provide risk consultancy, Property-Casualty insurance solutions and alternative risk transfer for a wide spectrum of commercial, corporate and specialty risks across nine dedicated lines of business and six regional hubs. Our customers are as diverse as business can be, ranging from Fortune Global 500 companies to small businesses. Among them are not only the world’s largest consumer brands, financial institutions, tech companies and the global aviation and shipping industry, but also satellite operators or Hollywood film productions. They all look to AGCS for smart solutions and global programs to their largest and most complex risks in a dynamic, multinational business environment and trust us to deliver an outstanding claims experience. Worldwide, AGCS operates with its own teams in more than 30 countries and through the Allianz Group network and partners in over 200 countries and territories, employing around 4,250 people. As one of the largest Property-Casualty units of Allianz Group, we are backed by strong and stable financial ratings. In 2021, AGCS generated a total of €9.5 billion gross premium globally.

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CORE INSURANCE

Styra Named an ‘Outperformer,’ in New GigaOm Report, Highlighting Its Role in Redefining the Policy-As-Code Category

Styra | July 08, 2022

Styra, Inc., the creators and maintainers of Open Policy Agent (OPA) and leader of cloud-native authorization, has announced that it was named an “Outperformer” by GigaOm in its “2022 GigaOm Radar Report: Policy-As-Code Solutions.” The comprehensive industry report recognizes the company’s impactful role in defining the policy-as-code category and awarded Styra DAS high marks for its SaaS and self-hosted deployment models, authorization policies and policy generator, support for OPA as well as its scalability and usability. According to the report: “New vendors focused purely on policy management and decision making, such as Styra, are emerging to help redefine the category.” With OPA, “It feels as if this approach toward a generic policy language instead of a domain-specific language is continuing to grow in this space.” “Styra focuses on policy management, lifecycle, and decision making and it supports Rego. Extensions from the community at large can enable Styra DAS to be an effective one-stop policy as code solution. Between OPA and Styra DAS users can effectively scale to ensure that decisions can be continuously made in the event of a central control plane outage.” “We are honored to be named an ‘outperformer’ by GigaOm for our product capabilities in its recent Policy-As-Code Radar,” said Tim Hinrichs, co-founder and CTO at Styra. “This report shows the widespread market need as well as the accelerated growth of the category over the past few years. We’ve implemented a policy-as-code approach from day one with OPA, and this new recognition, combined with our recent ‘Outstanding in Microservices’ accolade from KuppingerCole Analysts' 2022 Policy Based Access Management Market Compass, proves that Styra and OPA are at the forefront of policy-as-code and authorization.” “We are honored to be named an ‘outperformer’ by GigaOm for our product capabilities in its recent Policy-As-Code Radar,” said Tim Hinrichs, co-founder and CTO at Styra. To determine the results for this report, GigaOm analysts reviewed and scored the top policy-as-code solution providers using the GigaOm Radar. This tool provides an overview of a particular market segment and characterizes each vendor on two axes — Maturity versus Innovation as well as Feature Play versus Platform Play. The analysis of available technologies focuses on features and capabilities, impact on the customer organization, and ratings. The results reflect how well a vendor meets key solution criteria and aligns with growing technology trends over the next 12-18 months. Styra is projected to move from the “Challenger” tier to the “Leader” tier over this timeframe. This projection is based on increased maturity as well as anticipation of a broader platform focus and commitment to a comprehensive feature set. “As reflected in the Radar Report on Policy-As-Code Solutions, Styra has a strong market standing and continues to bring innovation to its industry category,” said Shea Stewart, analyst at GigaOm. “As Styra continues to evolve, extensions from the community at large can enable Styra to be an effective one-stop policy as code solution for enterprises of all sizes that will scale as they continue to grow.” To read the full 2022 GigaOm Radar Report on Policy-As-Code Solutions, visit here, or to learn more about cloud-native authorization with Styra, please visit here. About Styra Styra enables enterprises to define, enforce and monitor policy across their cloud-native environments. With a combination of open source (Open Policy Agent) and commercial products (Declarative Authorization Service), Styra provides security, operations and compliance guardrails to protect applications, as well as the infrastructure they run on. Styra policy-as-code approach lets developers, DevOps, and security teams mitigate risks, reduce human error and accelerate application development. Learn more at https://styra.com.

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