Managing general agent (MGA) Optio Group has completed the acquisition of Netherlands and Brussels based MGA Den Hartigh Beheer & Exploitatie B.V., a specialist in B2B insurance solutions. Established in 1916, Den Hartigh offers a variety of property and casualty insurance products. This includes coverage for land-based equipment, marine assets, and high net worth clients. […]
Archives for November 2024
Tokio Marine’s international segment sees Q2’24 profit of $1.62bn as NPW surge 15%
Tokio Marine’s international business reported Q2 2024 fiscal year profit of JYP 251.4 billion ($1.62 billion), an increase of 24.5% from the same period of the previous year, while net premiums written surged 14.8% to JYP 1,706.7 billion ($10.97 billion). As per Tokio Marine, the primary driver of the profit increase of JPY 49.4 billion […]
MGA Aqueous secures capacity deal with Allied World and Sompo
Specialist managing general agent (MGA) Aqueous Underwriting has obtained major new capacity in a three-year deal with insurers Allied World and Sompo. From what Reinsurance News understands, the move to a syndicated capacity arrangement will provide the MGA with the opportunity to significantly develop and boost its product suite as it enters its next phase […]
Will A Not-At-Fault Accident Affect My Insurance Rate?
Understanding Not-At-Fault Accidents in Washington Not-at-fault accidents in Washington state affect your car insurance rates through a complex interplay of insurance carrier policies, state regulations, and risk assessment factors. “Not being at fault doesn’t automatically protect your rates – but having the right documentation and agent support often does,” explains Gary Paulson, owner of Mid-Columbia […]
Rokstone gets regulatory licence to open new office in Dubai
International specialty re/insurance MGA Rokstone, part of the Aventum Group, has received a regulatory license from the Dubai Financial Services Authority (DFSA) -the independent regulator overseeing business conducted within or from the Dubai International Financial Centre (DIFC)— to expand its services in the region with a new office. Rokstone explained that the Dubai office will […]
Extended Warranty vs. Car Insurance: What’s the Difference?
An extended warranty and a car insurance policy serve as critical financial safeguards for car owners. They serve two distinct purposes since their coverages, conditions of applicability, and the nature of the protection they offer differ significantly. Car insurance policies are typically mandated by law and focus on providing a safety net against the financial […]
Roadside Assistance 101: What to Do if Your Car Breaks Down
Knowing how to get roadside assistance is crucial if your car breaks down. Car malfunctions can cause stress and danger. Stay calm and informed to handle these situations well. This guide will help you by providing critical steps for emergencies. You’ll learn about creating a preparedness kit, safely moving your vehicle, and communicating with help […]
Auto Insurance After A DUI
If you’ve had a DUI, you might know that your car insurance costs usually go up. In Washington, after a DUI, insurance can be about 54% more expensive. But don’t worry, this is actually less than what many other places in the country might charge. The yearly cost might increase by around $762, so it’s […]
Dangers of Texting While Driving
In the era of instantaneous digital communication, the insidious habit of texting while driving has emerged as a public health crisis with far-reaching implications. Considerable research substantiates the notion that the brief diversion of a driver’s gaze from the roadway to a smartphone screen significantly elevates the risk of vehicular accidents, often with catastrophic outcomes. […]
Non-Standard Auto Insurance: Your Ultimate Guide
NonStandard auto insurance coverage, also called high-risk auto insurance, stands as an essential option for individuals who, due to various factors—such as a history of traffic violations, poor credit, or owning high-risk vehicles—may not qualify for standard policies. This segment of the insurance market addresses the complexities associated with providing coverage for those deemed to […]