Incoming Arbella CEO stresses commitment to independent agents

The acquisition adds approximately $2 billion in enterprise value to The Standard’s group benefits division to expand its footprint in the voluntary benefits space, complementing its offerings in disability, life, dental, vision, and paid leave services. Source link

Hiscox London Market reported ICWP of US$329.7 million, a 4.0% increase from US$316.9 million last year. Growth came from property, marine, energy, and specialty classes. Rates across the segment declined by 3% for the first time since 2017 but remained 69% higher than 2018 levels. The property division benefited from previously written binders and new…

Stronger indemnity planning will be key Source link

BTIS promotes head of operations Builders & Tradesmen’s Insurance Services, Inc. (BTIS), an Amynta Group company, has announced the promotion of Jessica Keefe to senior vice president, head of operations. With over 20 years of experience in compliance, operations, and strategic growth, Keefe has played a key role in BTIS’s expansion and operational efficiency since…

Initially, participating brokers were asked to identify the features they considered most important in a cyber policy. These included the breadth and clarity of coverage, pricing structures, claims handling capabilities, policy flexibility, and the overall quality of cyber risk products.  Source link

The report highlights a rise in the percentage of homeowner insurance claims closed with no payment. Nationally, 41.9% of claims were closed without payment in 2024, up from 25.8% in 2004. In Louisiana, the rate was higher, at 44.6%. Several insurers closed more than half of their homeowner claims without making any payments.  Source link