NZCB drops key part of insurance policy

www.insurancebusinessmag.com | August 30, 2019

NZCB drops key part of insurance policy
The New Zealand Certified Builders Association (NZCB) has dropped its Halo insurance policy’s builder insolvency cover,RNZ reports.NZCB said it had no choice after Lloyd’s of London, the underwriter of the policy, pointed out that it could only either drop the cover or let its members’ premiums skyrocket.

Spotlight

According to BCG's Lucy Pilko, the need for protection against cyber risks "is clear, compelling, and growing." But insurers need to understand a lot more about the risk they are taking on as they enter this sector.

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iCover Raises Undisclosed Seed Funding and Announces Partnership with KSKJ Life

iCover | September 13, 2021

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CORE INSURANCE

AGIA joins the DOXA Insurance Holdings family of companies

DOXA INSURANCE | October 07, 2021

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CORE INSURANCE

Hub International Strengthens Healthcare & Construction Insurance Capabilities With Acquisition Of The Assets Of Eaton-Provident Group In Arizona

Hub International Limited | October 08, 2021

Hub International Limited (Hub), a leading global insurance brokerage and financial services firm, announced that it has acquired the assets of Eaton-Provident Group, LLC (EPG Insurance). Terms of the transaction were not disclosed. Located in Scottsdale, Arizona, EPG Insurance is a property and casualty insurance firm serving businesses, families and individuals. EPG Insurance specializes in various industries, including senior living and construction, which supports Hub's Specialty practices by complementing and strengthening its existing capabilities. EPG Insurance's keen understanding of the insurance business, their broad and multidisciplinary experience, and our shared culture and values makes them an ideal addition as we continue to grow in the region and guide clients, - Randy Perkins, President of Hub Southwest. EPG Insurance Principals Tim Schmidt, Greg Budiac and Jeff Schmidt, and the rest of the EPG Insurance team will join Hub Southwest. We are committed to our clients and look forward to continuing to help them protect their businesses and assets with expanded services, solutions and value through Hub, - Mr. Tim Schmidt. 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 13,000 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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Spotlight

According to BCG's Lucy Pilko, the need for protection against cyber risks "is clear, compelling, and growing." But insurers need to understand a lot more about the risk they are taking on as they enter this sector.