business moves and mergers News

Business News: Lemonade, Berkshire BHSI, DOXA Insurance Holdings

Lemonade Moves Into California Lemonade, the insurance company powered by artificial intelligence and behavioral economics, is now available throughout the Golden State. Californians can now buy homeowners and renters insurance in seconds at lemonade.com, or through the Lemonade app, and …

Business Moves: Verisk Analytics, AIG, AXA, SUEZ

Verisk Analytics Acquires Arium Verisk Analytics, Inc., a data analytics provider, announced it has acquired Arium, an independent company specializing in liability risk modeling and decision support. Arium will become part of AIR Worldwide, a Verisk Analytics business, and will …

Business News: CLARA Analytics, IICF, Lemonade

CLARA Analytics Launches PUMA Search Engine to Help Insurance Carriers Reduce Workers’ Compensation Costs CLARA analytics, a division of LeanTaaS, a Silicon Valley healthcare SaaS provider, announced the commercial availability of PUMA, a search engine that helps insurance carriers and …

Business News: AMS, Philadelphia Insurance, Nexus Claims, Verisk Analytics

AMS Allies With Liberty Mutual Insurance Florida-based AMS Management Group (AMS) entered into a formal agreement with Liberty International Underwriters (LIU), part of Liberty Mutual Insurance, effective October 1, 2016. AMS, a highly technical and specialized MGU, will market, underwrite, …

Business News: Windham Group, MedRisk, Swiss Re

Windham Group Establishes New IME Company Serving Workers’ Comp Industry N.H.-based The Windham Group has launched Logical IME, a new independent medical examination company serving workers’ compensation payers. Conducted by physicians who specialize in treating the condition and who have …

Business Moves: Xceedance, Verisk, Allstate, Say, NORCAL Mutual

Xceedance Establishes London Office Xceedance, a global provider of property/casualty insurance technology, analytics and consulting services, has established an office in London to serve the European, Middle East and Africa (EMEA) market, according to a company announcement. Xceedance is a …

Business News: Mitchell International, Snapsheet, ESIS

Mitchell Partners With Tractable to Bring AI to the Insurance Claims Process Calif.-based Mitchell International, a technology, connectivity and information solution provider to the property & casualty insurance industry announced an exclusive partnership in North America with Tractable, a UK-based …

Business News: Generali, JN Phillips Auto Glass, EMPLOYERS

Generali Global Corporate Partners With Generali Global Assistance to Provide Augmented Insurance and assistance Generali Global Corporate & Commercial (GC&C), a provider of multinational property, casualty and specialty insurance and part of the global Generali Group, announced that its United …

ACE and Chubb Are One; New Chubb Begins Trading, Unveils Logo

ACE Limited completed its acquisition of Chubb yesterday, creating the world’s largest publicly traded property/casualty insurance company. ACE paid approximately $29.5 billion in the aggregate in cash and stock, based on the most recent closing price of ACE Limited shares …

Anchor Insurance to Acquire Southeast Surplus Underwriters and Affiliates

Anchor Insurance Holdings is purchasing Beaumont, Texas-based Southeast Surplus Underwriters General Agency, Spindletop Premium Finance, and Ranchers and Farmers Insurance Co. from Mirage Interest Inc., the companies reported. According to information posted on its website, Mirage Interest is a descendant …