Monthly Archives: <span>March 2016</span>

Legacy Specialist Compre Arranges Deals with QBE and German Mutual

Compre, the London-based insurance and reinsurance legacy specialist, announced the signing of an agreement to acquire QBE’s share of the Ridgwell Fox & Partners’ (RFP) pool legacy reinsurance business. The transaction is structured as a loss portfolio transfer, to be …

Blue River Underwriters Expands Auto Dealer Program Nationally With Acquisition of Platinum Program Managers and Insurance Services

Atlanta, GA, March 30, 2016 — Blue River Underwriters, a Breckenridge Insurance Group company, has acquired California-based wholesale commercial auto insurance provider Platinum Program Managers and Insurance Services. Platinum founder and chief executive officer Daniel Rieden will serve as the …

Ideas, Innovation and Mentorship Mix at Global Insurance Accelerator

Iowa, and Des Moines in particular, in the 1980s fostered a business climate that enabled insurance and financial institutions to prosper there. Today, the focus is on creating an environment that supports innovation and entrepreneurism in businesses that serve the …

South Carolina Flood Relief Fund Awarding $760K to 18 Charities

South Carolina’s One SC relief fund is awarding $760,000 to 18 charities that are helping people recover from last October’s historic flooding. The awards announced Monday represent the second round of grants from the fund Gov. Nikki Haley launched in …

Atlanta Airport, Uber Battle Over Background Checks for Drivers

A battle over background checks for Uber drivers at the world’s busiest airport comes as cities like Los Angeles and Austin, Texas, consider more thorough screenings to prevent criminals from getting behind the wheel. Uber has objected to the Atlanta …

Florida Gov. Rejects CFO’s Pick for Insurance Commissioner, Application Reopened

Florida Gov. Rick Scott made it known Tuesday that his choice for the next Florida insurance commissioner would not be State Representative Bill Hager. “I won’t second it,” was Scott’s quick response to Chief Financial Officer Jeff Atwater’s motion to …

Ames & Gough Hires Sinks as Broker in Virginia

Ames & Gough, a specialty insurance brokerage based in McLean, Virginia, has hired Cady M. Sinks as a broker.

Koeleveld Joins NYS Department of Financial Services as General Counsel

Celeste Koeleveld has been appointed general counsel at the New York State Department of Financial Services (DFS). Koeleveld will lead DFS’s Office of General Counsel and be responsible for all legal matters in the agency, reporting directly to the superintendent. …

Startup Slice, Offering Insurance for On-Demand Workers, Raises $3.9M

Slice Labs Inc., an instech startup set to launch an on-demand platform to sell insurance to participants in the on-demand economy, said it has secured $3.9 million in seed funding led by Horizons Ventures and XL Innovate. The Slice on-demand …

Self-Driving Cars to Create Long Term Challenges for Auto Insurers: Moody’s

Accident avoidance features in vehicles, such as automatic braking, adaptive cruise control, and lane departure prevention, are becoming more prevalent and will lead to lower accident frequency in the next five-to-10 years, a benefit for auto insurers. Longer term, self-driving …