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Mediobanca proposes new terms for Generali CEO
Tensions between Generali’s management, Mediobanca, and the billionaire investors have been further heightened this year over the insurer’s agreement with French banking group BPCE to merge their investment units, aiming to create Europe’s second-largest asset manager. Some Generali board members, backed by Caltagirone, have opposed the deal. Source link

Bain Capital leads backing for Acrisure’s pivot toward tech-enabled services
The transaction values Acrisure at US$32 billion, representing an increase of nearly 40% from its last institutional capital raise three years ago. The company has recently added senior leadership as part of its growth plans, including the appointment of Mark Wassersug, former COO of Intercontinental Exchange, as chief technology officer, and Shawn Pelsinger, previously global…

Court sides with Catskill Barbeque in insurance payout fight against Mid-Hudson Co-Operative
The case stems from a fire that damaged Catskill Barbeque’s property in the Town of Fallsburg, Sullivan County. After the blaze, the business filed a claim with Mid-Hudson, its insurance carrier, seeking indemnification for its losses. Mid-Hudson responded with a payment of $175,000, arguing that this amount represented the maximum allowed under the policy. Disagreeing,…

Trupanion posts smaller Q1 loss
Speaking during the company’s earnings call, Tooth said Trupanion has experienced stronger lead generation, retention, and conversion rates. “We’ve seen people come in and grow faster than us time and time again, and they’re not there now,” she said. Source link

What is an Accredited Customer Service Representative and how do you become one?
For example, when converting a quote into a policy, it’s the Accredited Customer Service Representative’s duty to meticulously verify the relevant information, update policy terms, and adhere to stringent company protocols. This is essential to ensure a seamless transition from a client’s inquiry to a bona-fide insurance policy agreement. Source link