XS Brokers (XSB), an independent insurance underwriting and wholesale brokerage group, has announced the creation of a new product division for Cyber Liability to be led by Scott Burns, Senior Vice President. “At XS Brokers, it is crucial that we stay ahead of the evolving needs of our retail clients. Cyber Liability has emerged as […]
As the insurance industry evolves, the idea of independent insurance agencies and brokerages embracing artificial intelligence (AI) is no longer a futuristic concept—it’s become a necessity to stay relevant. In fact, according to Agency Forward, 79% of principal agents planned on adopting AI by 2025 (Source: Agency Forward). Because most agencies are leveraging the usage […]
Survey indicates continued demand from agents for a more technologically connected insurance ecosystem despite carriers craving personal interactions Ivans® has revealed the 2024 findings of its annual agency-carrier connectivity report, Agency Digital Technology Adoption Trends. The report highlights the adoption of digital technology by agencies and the opportunity to align digital initiatives between carriers and agencies for […]
50% Dividend Paid to Financial Services Group of New York Workers’ Compensation Group #558 $740 Million in Total Workers’ Compensation Savings Since 1992 $414 Million in Dividends Paid to Friedlander Group Clients Purchase, NY – Friedlander Group, Inc., manager of the Financial Services Group Workers’ Compensation Safety Group #558, has announced a 50% dividend for […]
Investment backs CHEIFS, a new funding solution converting home equity into advisor-driven financial solutions Bloomfield, NJ, October 29, 2024 – Cornerstone Financing, an insurance and investment funding company, has secured $285 million in aggregate financing through global finance investment firms Aquiline Capital Partners LP (“Aquiline”) and Nomura. The financing supports the expansion of CHEIFS (Cornerstone Home […]
As restaurant workers become part of the delivery economy, spinal injuries become more prominent NEW YORK – AmTrust Financial Services, Inc., a global specialty property casualty insurer,has released the 2024 AmTrust Restaurant Risk Report, which identifies the most common and costly injuries in the restaurant industry in the United States. In a review of nearly […]
Physician-focused agency adds to National Healthcare Practice Risk Strategies, a leading national specialty insurance brokerage and risk management firm, has announced that it has acquired Professional Risk Associates, Inc. (PRA), a Virginia-based specialty healthcare insurance agency helping medical professionals manage a wide range of risks and liabilities. Terms of the deal were not disclosed. Founded […]
Rhodian Group Partners with Renaissance Alliance Rhodian Group — a provider of managed IT and cybersecurity services to the insurance, banking, healthcare, private equity, and other industries — has partnered with Renaissance Alliance to provide cybersecurity, managed IT, and compliance services to Renaissance member agencies. “This partnership is another indication of our commitment to the […]
An underwriting team that is widely recognized as leaders in the Transaction Liability Insurance (“TLI”) industry is pleased to announce the launch of Sands Point Risk (“Sands Point’’ or “the Company”). Sands Point is a managing general agent (“MGA”) focused on supporting expanded opportunities across financial and property and casualty insurance lines. With its flagship […]
Risk Strategies, a leading national specialty insurance brokerage and risk management and consulting firm, HAS announced its acquisition of Prince Associates, Inc., a multi-line retail insurance agency based in Hicksville, NY. Terms of the deal were not disclosed. Led by Leith Baren and Craig Sherman, Prince Associates is primarily focused on helping clients in need of commercials lines […]
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