Around the P&C insurance industry: December 14, 2022 |  PropertyCasualty360

Around the P&C insurance industry: December 14, 2022 | PropertyCasualty360

Insurance industry news from PCF Insurance, Ryan Specialty, Alera Group and more. (Photo: Shutterstock)

Sentinel insurance chose El Paso, Texas as the location for its new field office. The office is expected to open in early 2023 and will provide both personal and business claims and customer service. Sentry selected El Paso to strengthen its presence in the West Country to better serve and grow its customer base. The office will be located in the 60,000 square foot building at 1575 Resler Drive in northwest El Paso. Sentry plans to hire 30 employees by the end of this year and plans to employ up to 300 people in this office by 2028. This includes claims and customer service representatives, managers, the support staff and information technology workers.

PCF Insurance acquired Direct Dealer Services, an auto finance and insurance company that provides industry-leading technologies, products, solutions and training. DDS provides national auto dealers, agents and lender partners with innovative F&I programs that build employee confidence, reduce regulatory risk and improve sales and customer satisfaction.

PCF Insurance acquired TCU Insurance Agencyan independent insurance agency and subsidiary of Teachers Credit Union providing Michigan and Indiana residents with insurance solutions for home, rental, auto, motorcycle, senior health care, business and life.

DeNexus Inc. announced a grant of nearly 800,000 euros from the Spanish government to carry out a research program on cyber-resilience. The research will explore specific aspects of industrial cyber risk related to sources of factual data, which can enable industrial companies to quantify and manage cyber risk.

The hill recognized the Big “I” naming Big “I” President and CEO Bob Rusbuldt and Big “I” Executive Vice President Charles Symington as top trade association lobbyists in Washington, DC this year. As in previous years, the Big “I” was the only group of P&C insurance agents or brokers to make the list.

kroll acquired Appraisal & Valuation Consultants LTDan independent company specializing in the valuation of oil, gas, petrochemical, chemical, energy, mining, metal processing and offshore facilities for insurance and other purposes.

Rokstone Agricultural Risk Underwriters launched a series of five new cattle blankets. In addition, the MGA has confirmed that it has successfully transitioned to admitted business in 23 US states currently, and now offers coverage on an admitted and non-admitted basis, giving brokers more flexibility. It plans to offer admitted coverage in a total of 44 US states next year.

Ryan Specialty acquired certain assets of Griffin Underwriting Servicesa binding authority specialist and wholesale insurance broker headquartered in Bellevue, Washington.

Hub International Limited announced that Dale Barton Agency joined the firm. Terms of the transaction were not disclosed.

RIMS has successfully met all ANSI requirements to maintain accreditation of the RIMS Certified Risk Management Professional certification. Reaccredited for a five-year term expiring in 2027, ANSI validation reaffirms the RIMS-CRMP as the only accredited risk management credential in the world.

Mercury Insurance announced five new coverages and five new discounts available to Oklahoma homeowners and renters. Mercury’s new coverages provide additional insurance protections with an option for environmentally friendly replacement products. Discounts are available for homeowners who are already taking green measures and will put hard-earned money back into policyholders’ pockets.

Alera GroupInc. acquired Haylor, Freyer & Coon Inc. and MarshBerry served as exclusive financial advisor to Haylor, Freyer & Coon on the transaction, which closed in October.


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