Personal Lines
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Assurant posted a 19% jump in second-quarter net operating income on Tuesday, helped by strong sales in its auto unit and expansion of its mobile phone coverage.
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Shares in the newly listed InsurTech were up just more than 1% on the day to $9.90 a share, but below the original $10 listing price of its merger partner, Reinvent Technology Partners Z.
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Graham has been with the MGU for the previous six years, working in the high-net-worth niche.
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Openly’s homeowners' insurance products will now be available on the Policygenius tech platform.
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Florida-based Gulfstream is forced to liquidate after falling into insolvency.
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Social Inflation could rebound faster than expected and disrupt the industry's narrative on margin expansion.
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Progressive’s June results point to worsening underlying trends for personal auto carriers.
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It may take a few more months for personal auto carriers to see the full extent of the impact.
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The deal is the latest in a spate of personal lines M&A, with Allstate and State Farm also active acquirers.
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The transaction transforms Liberty into the second largest player in the US IA market.
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First Florida founder and president Jeff Platz and his team will join the Hub Florida region.
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The companies will leverage the partnership to offer E&S lines of insurance to owners of high-value homes during expensive construction.
