The Fortegra Group Inc., a specialty insurer based in Jacksonville, Florida, has made a significant leap forward in its global expansion strategy by receiving regulatory approval from the Prudential Regulation Authority to launch a new subsidiary in the United Kingdom. Scheduled to become effective
The concept of micro-captive insurance is garnering significant attention in Florida as small businesses seek alternatives to traditional insurance due to soaring commercial insurance rates. Despite the increased scrutiny by the IRS concerning potential tax implications, more small business owners
Zurich Insurance Group has made a significant move in the global travel insurance sector by acquiring American International Group’s (AIG) global personal travel insurance and assistance business, including Travel Guard, for $600 million. This acquisition not only solidifies Zurich's position as
ProAssurance Corporation, a renowned specialist in medical professional liability (MPL), reported a net income of $16.4 million for the third quarter of 2024, bolstered by an operating income of $17.3 million. Their strategic market approach and astute financial management have led to notable
Munich Re Specialty, a division of the global reinsurer Munich Re, has announced its plans to expand into the Spanish insurance market starting in 2025, targeting the primary specialty insurance sector. This move is part of Munich Re's broader strategy aimed at amplifying its footprint across
In a standout move catering specifically to renters with pets, AM Specialty Insurance Company (ASIC) and Swain & Baldwin Insurance & Risk Management have introduced the PawPro Pet Insurance Program. Initially available exclusively in Texas, this new insurance product promises a comprehensive array
