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

Record Return of Merger Activity Leads to Massive Growth in M&A Insurance Market

A record rebound in merger activity this year and a rise in litigation has brought with it an upsurge in insurance policies that give companies and private equity firms cover for when a deal goes wrong, industry officials say. Keen …

Prospect Qualification and Appointment Setting to Land More Meetings

The objective of prospecting is to find quality opportunities to narrow the sales funnel, and then consistently target that focused group with marketing messages to get noticed. For insurance brokers, you have the luxury of finding third party list sources …

People & Places

National QBE North America has appointed Dan Fortin as president and Todd Greeley as chief operating officer for Financial Lines. Both executives joined QBE NA from Berkshire Hathaway Specialty Insurance. With the hires, QBE NA said it aims to expand …

Sandwich Generation

The demographics of the Sandwich Generation – those who care for both their children and aging parents – as well the financial responsibilities they face as a result of COVID-19– are changing. The Sandwich Generation has become increasingly younger, more …

NIIC Fundraising for City of Hope Persisted Through Pandemic

Among the things that have become difficult in a year that has been marred by COVID-19, one key problem would seem to be fundraising, since in-person events have been quashed and the economy has been in the dumps. Overall, philanthropy …

New Capital Entering Market Unlikely to Quickly Soften Rates: Vantage Risk CEO

Greg Hendrick, CEO and co-founder of the new reinsurance and insurance company Vantage Risk, isn’t too concerned about the new capital that has been pouring into the market this year, and its potential to drive down rates — at least …

My New Markets

Cannabis – Tier I and Tier II MRBs Market Detail: Aspera Insurance Services Inc. (www.asperains.com) offers commercial general liability and products liability coverages for marijuana products in states with legalized medical and/or recreational use and hemp cannabis/CBD goods. Product divisions …

IICF Raises More Than $880K, Honors Gallagher at Annual Northeast Benefit Event

The Insurance Industry Charitable Foundation (IICF) raised more than $880,000 at its 14th annual Northeast Benefit Event, held virtually this year on December 9. Established in 1994, the IICF is a nonprofit that works with the insurance industry to help …

If You’re Not Growing, You’re Shrinking

This familiar euphemism has so much truth embedded in it. Like most robust age-old truisms, humans – and in particular, people in charge – will continually argue they are growing when they are not and/or argue such a truism does …

How One MGA Is Helping Nonprofits Manage a Tough COVID-19 Year

When he started building Convelo Insurance Group, founder and CEO Josh Lamberg likely never imagined that the managing general agency (MGA) would be just about two years old when a pandemic hit. “This is the most challenging market since the …