Around the property and casualty insurance industry: November 17, 2021

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News from Alera Group, XPT, NFP and more. (Photo: Shutterstock)

Alera Group acquired IHS Insurance Group, an independent insurance brokerage company that sells health insurance, medicare, life insurance, auto, home, dental and optical insurance plans, etc.

Alera Group also bought McSherry & Hudson Insurance Services, a full-service independent insurance brokerage firm providing industry-specific risk management, bonding, claims control, claims and benefits services.

XPT appointed Tom mansfield as first vice-president. He will lead this collaborative practice group providing clients with single access to a wide range of carriers and programs leading to a wider and more complete range of solutions.

NFP acquired Foster Park Brokers Inc., an independent insurance brokerage in Western Canada. This is an important step in NFP’s efforts to significantly expand its presence in Western Canada. Foster Park has 135 employees in four offices that provide commercial and individual solutions in P&C insurance, life insurance and group insurance, private client services, and bonding and surety for clients in Western Canada.

Topa Insurance Group announced a new proprietary and exclusive commercial property program with California FTP. Available in several states across the country, the program offers monoline ownership on a principal and full limit basis. The program focuses on risks up to $ 50 million in value.

Wood Brothers Insurance joined Alliance of Valley Insurance Agencies, a family of nearly 150 independent insurance agencies in Missouri and Illinois. Licensed Insurance Agent Cassie Tanner, who has five years of experience in the insurance industry and over 20 years of customer service experience, recently joined Wood Brothers Insurance to manage the insurance needs of buyers. of houses and real estate investors of the sister company.

Fleet response celebrated the inauguration of its new headquarters. Fleet Response’s headquarters, located in Hudson, Ohio, will accommodate the company’s growing workforce and provide a range of services, including auto, real estate and liability claims management as well as subrogation services.

Argo Group International Holdings, Ltd. sold the rights to renew its specialty property business in the United States to Westfield Insurance. As part of the transaction, several members of Argo’s US Specialty Properties team will have the opportunity to join Westfield and continue to serve this market. This transaction includes Argo’s shared and stacked real estate businesses, which underwrite catastrophe-focused E&S property coverage through selected wholesale brokers. Argo’s real estate policies for small and medium businesses are not included in this transaction. Argo will continue to honor and serve all policies currently in effect.

USI Insurance Services acquired Griffin based in Bellevue, Washington MacLean Insurance Brokers. Founded in 1981, Griffin MacLean is an independent insurance brokerage company serving businesses and individuals throughout Washington State and Alaska. Terms of the transaction were not disclosed.

Canopie Group is in partnership Samsung fire and marine insurance, its major minority shareholder and business partner, to underwrite the activities admitted to the United States on its highly rated A ++ paper. The agreement marks the most significant business cooperation to date between the two sides as they seek to develop partnership opportunities around the world.

Marguerite Dixen established General Adroit Agency, a general management agency providing workers’ compensation insurance as well as a full suite of technology-driven safety, loss prevention and claims management solutions for employers vulnerable to high severity loss.

Insurance Industry Charitable Foundation sold its annual IICF Benefit Event for the Northeast Division’s 15th Anniversary, which helps facilitate community grants in the New York Tri-State area. Held virtually last year in accordance with pandemic protocols, the IIIC is delighted to host this annual fundraising gala and dinner, returning to an in-person event on Tuesday, December 7, 2021 at 6:00 p.m. at the Ziegfeld Ballroom in New York City. .

Claimant announced that the United States Patent and Trademark Office granted a patent for the company’s intelligent decision-making software that automatically sorts, routes and assigns thousands of claims in seconds. Patent n ° 11,151,658 is the first patented claims triage and allocation technology capable of leveraging dynamic real-time geolocation of resources in the field, according to the company.

QBE North America launched a new advertising campaign designed to promote the expertise, value and partnership that QBE brings to its clients.

Related: Around the P&C Insurance Industry: November 10, 2021


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