US / Americas

Embedded insurance platform Mulberri raises $6.8mn in Eos-led Series A round

AI-driven embedded business insurance platform Mulberri has raised $6.8mn in a Series A round led by Eos Venture Partners, with participation from existing investors Hanover Technology Management, MS&AD Ventures and Altamont Capital Partners.

Hub hires complex risks specialist Ashurst from Marsh

Hub International has added Duncan Ashurst from Marsh as a managing director focused on complex risks.

Atain adds MacNeill’s Delestienne as head of binding authority

Atain Insurance Companies has hired Cara Delestienne as head of binding authority, with the recruit joining the HW Kaufman Group-owned carrier from Florida-based wholesaler and managing general agent MacNeill Group.

Trium Cyber hires Lockton’s Bruno to lead Midwest buildout

Lloyd’s of London-based Trium Cyber has hired Chris Bruno from Lockton as lead underwriter for the Midwest region.

James River names Bowman specialty admitted president and CEO

James River Group Holdings has promoted William Bowman to president and CEO, specialty admitted insurance.

HDI confirms Indiana Lumbermens deal and targets surety and specialty expansion

HDI Global Insurance Company has confirmed the acquisition of Indiana Lumbermens Insurance Company (ILIC) from Pennsylvania Lumbermens Mutual Insurance Company, in a deal which the German industrial lines carrier said strengthens its position in the US market as it eyes growth in the surety and specialty segments.

Alliant to pay up to $120mn for First Acceptance’s retail agency operations

First Acceptance Corporation has revealed Alliant Insurance Services bought Acceptance Insurance Agency of Tennessee for cash consideration of up to $120mn.

World Insurance Associates bolsters South Dakota footprint with ATI acquisition

Acquisitive retail broker World Insurance Associates has made another addition to its roster after it agreed a deal to purchase Huron, South Dakota-based American Trust Insurance.

CAC grows west coast team with hire of construction and RE specialist Smith

CAC Specialty has made another addition as it builds out its ranks on the US west coast with the hire of Dustin Smith as the expansive broker targets growing its portfolio of construction and real estate clients, The Insurer can reveal.

GCube: Insurers reduce appetite for solar underwriting as hail claims rise

Growing claims as a result of the increasing frequency and severity of hailstorms in US regions is creating a gap between insurance requirements for solar projects and what is available in the market, with some insurers reducing coverage and raising deductibles.

CT insurance commissioner Mais assumes NAIC president role

Connecticut insurance commissioner Andrew Mais has taken over as president of the National Association of Insurance Commissioners at the conclusion of its fall national meeting in Orlando.

Citizens projects $5.5bn private market risk transfer for 2024

Citizens Property Insurance Corporation has projected a $5.5bn traditional reinsurance/capital markets placement for 2024, which at that level would be higher than the placement for 2023, while Florida’s state-run insurer has also highlighted its policy count is falling following reform and depopulation efforts.

Truist splits CRC wholesale operation into two divisions led by Kessler and Goldstein

Truist Insurance Holdings is splitting its CRC wholesale operations into two distinct divisions – wholesale and underwriting – with the former led by Neil Kessler and the new underwriting division led by Bill Goldstein.

Renewables MGA kWh Analytics names McLean CUO

Renewable energy-focused MGA kWh Analytics has appointed Isaac McLean as its new chief underwriting officer as the platform readies to bolster its property offering.

FL, CA and TX surplus lines premium volume continues to grow in November

Surplus lines premium volume continued to soar in Florida during November, with more muted growth recorded in both California and Texas during the month, according to new figures from the trio’s respective stamping offices.

Clear Blue’s reinsurance chief Noronha joins Fergus Re as head of business strategy

Clear Blue’s chief reinsurance officer Ash Noronha has joined collateralised reinsurer Fergus Re after resigning from the fronting carrier at the beginning of October.

Axis adds former Navigators CEO Galanski to board of directors

Axis Capital has named former Navigators CEO Stan Galanski to its board of directors, which also entails appointment to the risk committee of Axis’ board.

Arch Re hires longtime PartnerRe underwriter DeMartini for professional lines

Arch Re has hired longtime professional liability treaty underwriter Nick DeMartini as a managing underwriter.

IICF honours Liberty Mutual at annual benefit

The Insurance Industry Charitable Foundation (IICF) has raised more than $1.43mn at its 17th Annual Northeast Benefit Event, where the non-profit organisation honoured Liberty Mutual and its employees for their influence in the industry and impact on the community.

Alliant launches $6bn-premium consumer group led by former McGriff CEO Ulmer

Alliant has launched the Alliant Consumer Group, a unit managing more than $6bn in premiums which consolidates the retailer’s personal lines brand under a single umbrella.

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