Around the P&C insurance industry: Feb. 7, 2018
Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) has acquired the renewal portfolio of Liberty Mutual Insurance’s United States Product Recall and Special Contingency business, written through Liberty International Underwriters U.S. AGCS began offering product recall insurance in North America in 2016.
The Hartford has enhanced ICON, its online quoting system for agents and brokers, to offer easier access and more comprehensive protection for small businesses. Agents and brokers will now have access to quote employee benefits as well as excess and surplus (E&S) coverage for their small business customers.
AmWINS Group Inc. has completed the previously announced acquisition of Seacoast Brokers LLC and Trident Claims Management LLC. Terms of the transaction were not disclosed.
AmTrust Financial Services Inc. has partnered with several Israeli technology start-ups at the OurCrowd Global Investor Summit in Jerusalem. The company recently added a local presence in Israel and is focused on discovering, partnering and investing in companies that will enhance and automate customer and agent interactions and streamline insurance business processes including underwriting, claims and payments.
HVAC Investigators (HVACi), a provider of HVAC damage assessments for insurance claims, has acquired Donan Engineering’s HVAC Forensics division. Following the Feb. 1, 2018 acquisition, all of Donan’s HVAC Forensics division will become part of the HVACi group of companies. All other lines of Donan Engineering’s business will remain within the Donan Engineering Company family.
HUB International Limited (HUB) has acquired the assets of IPS Advisors LLP and IPS RIA LLC. Terms of the acquisition were not disclosed.
HUB also announced that it has acquired the assets of Der Manouel Insurance & Financial Services Inc. Terms of the acquisition were not disclosed.
Volante Global Limited has launched Bridge Underwriting AB. Bridge Underwriting introduces AA+ rated capacity to the Nordic region.
Arthur J. Gallagher & Co. has acquired South Dakota-based Williams Insurance Agency Inc. Terms of the transaction were not disclosed.
Worldwide Facilities has opened new locations in Palm Springs, Calif., and Boston, Mass.