MGA

AM Best Places Credit Ratings of Centerline Insurance Company Under Review With Negative Implications

Retrieved on: 
Friday, March 15, 2024
Insurance, Professional Services, ALL, News, Wind, Credit, AM Best, Good, MGA, IBNR

AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Centerline Insurance Company (Centerline) (headquartered in Knoxville, TN).

Key Points: 
  • AM Best has placed under review with negative implications the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of “bbb+” (Good) of Centerline Insurance Company (Centerline) (headquartered in Knoxville, TN).
  • The Credit Ratings (ratings) of Centerline were placed under review with negative implications based on the company’s significant surplus decline in year-end 2023.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

DUAL Group Wins Celent Model Insurer Award for Boosting Productivity and Revenue with Implementation of Vertafore's MGA Systems

Retrieved on: 
Wednesday, March 27, 2024
Occupation, International, Growth, DUAL, Policy, Insurance, Dual group, Architecture, Heart, Ecosystem, API, MGA, Financial adviser

DENVER, March 27, 2024 /PRNewswire/ -- Vertafore®, the leader in modern insurance technology, congratulates DUAL Group for its recognition by Celent as a winner of a 2024 Model Insurer award for legacy and ecosystem transformation. Celent is a global research and advisory firm for the financial services industry.

Key Points: 
  • Celent recognized DUAL's increased productivity and revenue following their implementation of MGA Systems™, a flexible and modern MGA management system powered by Vertafore.
  • In response to the success in Australia and New Zealand, DUAL plans to expand its use of MGA Systems to more offices around the globe.
  • Acquired by Vertafore in 2022, MGA Systems provides the flexibility customers need to complete highly specialized work in the niche MGA space.
  • Celent's annual Model Insurer Awards recognize the best practices of technology usage in different areas critical to success in insurance.

ZestyAI Announces Agreement with Avoca Risk Underwriting Solutions to Deliver Powerful Property Risk Insights

Retrieved on: 
Monday, March 25, 2024
Failure, Digital, Intelligence, Risk, Location, SAN, Climate, Artificial intelligence, 3D, General agent, MGA, Insurance

Avoca to use ZestyAI's property analytics platform to support commercial property insurance underwriting across the U.S.

Key Points: 
  • Avoca to use ZestyAI's property analytics platform to support commercial property insurance underwriting across the U.S.
    SAN FRANCISCO, March 25, 2024 /PRNewswire/ - Today, ZestyAI , the leading provider of climate and property risk analytics solutions powered by artificial intelligence (AI), announced an agreement with Avoca Risk Underwriting Solutions (Avoca), a Managing General Agent (MGA), focused on a broad range of mixed commercial and habitational properties.
  • Avoca and its subsidiary companies will be using ZestyAI's Digital Roof™ and Location Insights™ products in their proprietary underwriting workbench to provide crucial property risk data that will improve their risk insight and underwriting process.
  • These risk insights on the roof and parcel allow Avoca to instantly and confidently validate key underwriting data points.
  • All of the information obtained through Digital Roof and Location Insights is automatically incorporated into underwriting for enhanced risk selection, better rating, and increased premium capture.

Hippo's First Connect Hits 100 Carrier & MGA Milestone and Launches New Appetite Finder Feature

Retrieved on: 
Thursday, March 21, 2024
Growth, Appetite, Coterie, Businessperson, Finder, Insurance, PALO, Geography, Computer security, Policy, MGA

PALO ALTO, Calif., March 21, 2024 /PRNewswire/ -- First Connect Insurance Services, a digital platform designed to provide independent agents access to some of the nation's top carriers, announced today that it has partnered with Hiscox USA, and subsequently hit the 100-carrier and MGA milestone. First Connect also launched a new Appetite Finder feature today, making it easier for agents to match their client's coverage needs with carrier appetites.

Key Points: 
  • First Connect also launched a new Appetite Finder feature today, making it easier for agents to match their client's coverage needs with carrier appetites.
  • Recently added to the platform, Hiscox USA provides same-day coverage for small businesses with $5M or less in annual revenue.
  • Appetite Finder addresses those challenges, confirming carrier appetite based on geography and business class without the need for a lengthy quote process," said Pinkovezky.
  • To learn more about how First Connect provides independent agencies access to the leading carriers or to sign up, visit firstconnectinsurance.com .

The American Diabetes Association and The Leapfrog Group Name 17 Hospitals as "Recognized Leaders in Caring for People Living with Diabetes"

Retrieved on: 
Wednesday, March 20, 2024
Hospital, Leapfrog, Diabetes, Patient, Coma, Hope, Doctor of Philosophy, Death, Meal, MD, Patient safety organization, Accident, Safety, Patient safety, Amputation, MGA, Hypoglycemia, Nursing

ARLINGTON, Va., March 20, 2024 /PRNewswire/ -- Today, the American Diabetes Association® (ADA) and The Leapfrog Group announced the first hospitals to receive national designation as Recognized Leaders in Caring for People Living with Diabetes.

Key Points: 
  • ARLINGTON, Va., March 20, 2024 /PRNewswire/ -- Today, the American Diabetes Association® (ADA) and The Leapfrog Group announced the first hospitals to receive national designation as Recognized Leaders in Caring for People Living with Diabetes.
  • The designation reflects a strong commitment to the safety and well-being of hospitalized people living with diabetes.
  • An estimated 30% of hospitalized people are living with diabetes , and more than 200,000 hospitalized people die every year from preventable safety problems.
  • Hospitals earning the Recognized Leader in Caring for People Living with Diabetes designation include:

Coterie Secures $27M in Oversubscribed Growth Capital Funding

Retrieved on: 
Tuesday, March 19, 2024
Insurance, Automation, S&P Global, Growth, Small business, MGA, Fintech

CINCINNATI, March 19, 2024 /PRNewswire/ -- Coterie, the insurtech MGA simplifying small business insurance, today announced a raise of $27M in new capital investment.

Key Points: 
  • CINCINNATI, March 19, 2024 /PRNewswire/ -- Coterie, the insurtech MGA simplifying small business insurance, today announced a raise of $27M in new capital investment.
  • The oversubscribed round includes new investment from Hiscox as well as existing investors Intact Ventures , Weatherford Capital, and RPM Ventures among others.
  • Coterie has now raised over $102M in funding to date.
  • Coterie has maintained investor confidence throughout a turbulent market with a focus on responsible growth, reporting a developed ultimate loss ratio of less than 60% for eight straight quarters.

United Risk Launches Applied Credit Underwriters to Target Credit and Political Risk Markets

Retrieved on: 
Tuesday, March 19, 2024
Health, Lloyd's of London, Hogg Robinson Group, Growth, COVID-19, Terrorism, Aspen, Insurance, MGU, Berkshire Hathaway, World Bank, Instability, MGA, African Trade Insurance Agency

OMAHA, Neb., March 19, 2024 /PRNewswire/ -- Looking toward increased market demand for leadership-level resources in the intensifying areas of credit and political risk, United Risk has launched a new division, Applied Credit Underwriters, to be led by sector veteran Bernie de Haldevang as CEO. Applied Credit Underwriters will focus aggressively on a portfolio mix of structured credit, contract frustrations, and political risks worldwide.

Key Points: 
  • Newly formed enterprise taps credit and political risk sector veteran, Bernie de Haldevang, as CEO
    OMAHA, Neb., March 19, 2024 /PRNewswire/ -- Looking toward increased market demand for leadership-level resources in the intensifying areas of credit and political risk, United Risk has launched a new division, Applied Credit Underwriters, to be led by sector veteran Bernie de Haldevang as CEO.
  • Applied Credit Underwriters will focus aggressively on a portfolio mix of structured credit, contract frustrations, and political risks worldwide.
  • Mr. Bernie de Haldevang assumes the top post at Applied Credit Underwriters, having served as Global Head of Specialty at Sompo Canopius where he was responsible for developing the group's political risk lines and reinvigorating its accident and health and casualty lines.
  • Applied Credit Underwriters is headquartered in London.

United Risk Launches Applied Credit Underwriters to Target Credit and Political Risk Markets

Retrieved on: 
Tuesday, March 19, 2024
Health, Lloyd's of London, Hogg Robinson Group, Growth, COVID-19, Terrorism, Aspen, Insurance, MGU, Berkshire Hathaway, World Bank, Instability, MGA, African Trade Insurance Agency

OMAHA, Neb., March 19, 2024 /PRNewswire/ -- Looking toward increased market demand for leadership-level resources in the intensifying areas of credit and political risk, United Risk has launched a new division, Applied Credit Underwriters, to be led by sector veteran Bernie de Haldevang as CEO. Applied Credit Underwriters will focus aggressively on a portfolio mix of structured credit, contract frustrations, and political risks worldwide.

Key Points: 
  • Newly formed enterprise taps credit and political risk sector veteran, Bernie de Haldevang, as CEO
    OMAHA, Neb., March 19, 2024 /PRNewswire/ -- Looking toward increased market demand for leadership-level resources in the intensifying areas of credit and political risk, United Risk has launched a new division, Applied Credit Underwriters, to be led by sector veteran Bernie de Haldevang as CEO.
  • Applied Credit Underwriters will focus aggressively on a portfolio mix of structured credit, contract frustrations, and political risks worldwide.
  • Mr. Bernie de Haldevang assumes the top post at Applied Credit Underwriters, having served as Global Head of Specialty at Sompo Canopius where he was responsible for developing the group's political risk lines and reinvigorating its accident and health and casualty lines.
  • Applied Credit Underwriters is headquartered in London.

Vivace Insurance Partners Launches in the Americas, Rebrands in Asia Pacific

Retrieved on: 
Wednesday, March 13, 2024
HK, Intelligence, Partnership, Polish mark, Knowledge, Policy, Chubb, Insurance, LOS, Limited, Movement, MGA, Management

HONG KONG and LOS ANGELES, March 13, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.

Key Points: 
  • HONG KONG and LOS ANGELES, March 13, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.
  • Vivace Americas, based in Los Angeles, will be writing business in partnership with A-rated international insurers across North America's logistics sector and will be led by Cordell Fenig, late of Roanoke Insurance Group.
  • Vivace Asia Pacific will provide coverage solutions from Hong Kong for marine cargo, logistics and hull and cargo war risks, the latter a key focus in today's current geopolitical climate.
  • Khew brings three decades of experience to Vivace and is widely recognized for her solid technical knowledge, strategic analysis and management experience.

Vivace Insurance Partners Launches in the Americas, Rebrands in Asia Pacific

Retrieved on: 
Tuesday, March 12, 2024
HK, Intelligence, Partnership, Polish mark, Knowledge, Policy, Chubb, Insurance, LOS, Limited, Movement, MGA, Management

HONG KONG and LOS ANGELES, March 12, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.

Key Points: 
  • HONG KONG and LOS ANGELES, March 12, 2024 /PRNewswire/ -- Vivace Insurance Partners (Vivace) today announces the launch of Vivace Americas and the rebranding of ADVA Specialty (HK) Limited as Vivace Asia Pacific.
  • Vivace Americas, based in Los Angeles, will be writing business in partnership with A-rated international insurers across North America's logistics sector and will be led by Cordell Fenig, late of Roanoke Insurance Group.
  • Vivace Asia Pacific will provide coverage solutions from Hong Kong for marine cargo, logistics and hull and cargo war risks, the latter a key focus in today's current geopolitical climate.
  • Khew brings three decades of experience to Vivace and is widely recognized for her solid technical knowledge, strategic analysis and management experience.