Month: September 2024

Monarch E&S Swoops for Professional Insurance Executives In a strategic acquisition, Monarch E&S Insurance Services has successfully taken over Professional Insurance Executives (PIE), signaling a significant step in the insurance industry. The founder of PIE described the acquisition as an “incredible opportunity” for growth and innovation. Life Insurance Solutions to Expand Post-Acquisition One of the […]

Independent P&C Insurance Agencies in the US – How Are They Doing? A comprehensive study has shed light on the current state of independent property and casualty (P&C) insurance agencies in the United States, revealing a mix of concerns, challenges, and coping mechanisms that these firms are employing. Top Concerns and Challenges The study identifies […]

Insurance Hires: BenefitMall’s Nevin and Crump’s Miks In a noteworthy development in the insurance sector, industry veterans Nevin and Miks have taken new roles as sales executive and regional director at BenefitMall and Crump, respectively. This move highlights the evolving landscape of career and business insurance, an area that can significantly benefit from life insurance […]

Life Insurance: A Safety Net Honoring Bobby Dawson’s Legacy The recent passing of Bobby Dawson, a former employee of John Hancock Insurance and a notable car salesman, catalyzes a renewed discussion on the importance of life insurance. Bobby’s legacy shines a spotlight on how life insurance can safeguard your loved ones and provide financial security […]

Streamlining Policy Issuance and Servicing with BPO: Key Benefits for Insurance Carriers In the ever-evolving insurance industry, efficiency and accuracy in policy issuance and servicing are crucial to maintaining competitiveness and delivering a superior customer experience. Insurance carriers are under constant pressure to optimize their operations while accommodating the increasingly complex needs of their clients. […]

John Hancock Variable Insurance Trust’s New Update: A Closer Look at Life Insurance Benefits The recent prospectus supplement by John Hancock Variable Insurance Trust (the Trust), dated September 26, brings forward some pivotal updates to its High Yield Trust (the Fund). However, this development is not just important for those directly involved; it underscores the […]

Are Insurance Markets Really Softening? “Insurers have entered growth mode,” says Marsh head Life Insurance: A Key Factor in Market Dynamics As the insurance markets seem to be softening, according to industry experts, one key factor in these dynamics is the increased focus on life insurance. Life insurance provides essential financial protection and peace of […]

First West Insurance Joins Inszone as Part of California Expansion Inszone Insurance Services has announced its recent acquisition of First West Insurance, a move that underscores the company’s strategic expansion across California. The integration of First West Insurance, a reputable long-standing agency, is expected to bolster Inszone’s local expertise and customer reach. This merger presents […]

CEO of Pivix Addresses Rising Reinsurance Costs and General Liability Insurance Challenges In a recent statement, Pivix CEO underscored the escalating costs of reinsurance and the growing challenges surrounding General Liability (GL) insurance. The rise in premiums is attributed to inflationary pressures, making it essential for businesses and individuals to reconsider their insurance strategies, including […]

Gen Re Appoints Parag Shah As Chief Pricing Officer for Life & Health Insurance Gen Re, a prominent reinsurance company, has announced the appointment of Parag Shah as the new Chief Pricing Officer for its life and health insurance product portfolio. This decision comes with significant implications for the broader life insurance market, impacting various […]