Monthly Archives: <span>September 2020</span>

World Insurance Associates Acquires New Jersey’s Advantage Benefit Concepts

World Insurance Associates LLC (WIA), has acquired Advantage Benefit Concepts Inc. of Blackwood, N.J., on April 1, 2020. Terms of the transaction were not disclosed. Advantage Benefit Concepts Inc. specializes in employee benefit services. They provide health and dental insurance …

Skuld Appoints Jensen as Senior Vice President in New York

Marine insurer Skuld has appointed Åse Naaman Jensen as senior vice president and head of Skuld New York, succeeding Charles B. Anderson. To ensure a smooth transition, Naaman Jensen will work in parallel with Anderson from September 1, 2020, until …

Indonesia’s PasarPolis Insurtech Raises $54 Million

The Indonesian digital insurance agency PasarPolis said it raised $54 million in a Series B funding round, in what it said is the largest Series B funding for an insurtech firm in the region. The company said the investors in …

3 Ways to Maximize Your Learning

Insurance learning should be an ongoing part of every insurance professional’s life. Many of us have licenses that require us to attend classes and get continuing education credit. Some states require certain classes and some states require you to avoid …

With Insurance and Gold, Amazon’s Pushing to Make India Its Fintech Center

NEW DELHI/MUMBAI — Amazon.com Inc. has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground growth market. The push …

Ryan Specialty Group and All Risks Finalize Merger

Specialty insurance brokerages Ryan Specialty Group and All Risks have closed on the merger the two firms into Ryan Specialty Group. The deal unites Chicago-based Ryan Specialty Group and its nearly $12 billion in premium, and All Risks, headquartered in …

Florida High Court Rejects Strems Bid to Dissolve Suspension; Contempt Petition Filed

A Florida attorney accused of causing great public harm through a “vast campaign of unprofessional, unethical, and fraudulent conduct,” by way of thousands of insurer lawsuits has lost his latest battle to overturn his suspension and now faces a petition …

Insurers Say They’re Having Trouble Recruiting New Employees

U.S. insurers want to fill existing positions or expand their staffs over the next year but say they are still having trouble recruiting, even during the COVID-19 pandemic where unemployment has skyrocketed, according to a study from The Jacobson Group …

Bayer Appeals $20.5 Million Roundup Damages Award to California Supreme Court

Bayer AG has asked California’s Supreme Court to review a decision awarding $20.5 million to a groundskeeper who claimed the company’s Roundup weedkiller caused his cancer, arguing the ruling was at odds with federal law and settled legal principles. Bayer, …

Woodruff Sawyer Names O’Regan Vice President in California

Woodruff Sawyer has named Brian O’Regan vice president in the firm’s private equity and transactional risk group. O’Regan will work out of the San Francisco, Calif. office. He has a decade of experience in the insurance industry and financial institutions …