Insurance Acquisitions: News from the P&C Industry
Mergers and acquisitions are a common among insurance and risk management firms. In recent Insurance Industry News , Property Casualty 360 has released a list of a few large firms that have merged together.
One such company, York Risk Services Group, announced its acquisition of Brandon, Mississippi based Quick Cat LLC, Quick Cat is known for their commercial lines that offer catastrophe claim services nationally, and even supplies international relief when necessary. According to PC, the acquisition will enhance the services and resources York offers to its middle market accounts, expand bench strength of its Specialized Loss Adjusting Services, offer CAT support for York’s TPA operations and provide a national catastrophic response option.
Another update came when Willis Global Captive Practice publicized that it opened a protected cell company (PCC) business in Vermont. This company, named Encore Insurance PCC Ltd, seeks to underwrite insurance for U.S. companies that lack volume while still providing them with the benefits of a captive insurance company.
What’s more, Livegenic announced that this company was awarded in Boston last month at its Strategy Meets Action’s (SMA) Innovation Awards. Awards were granted in the categories of insurer winners and solutions providers.
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