Luminor Risk, a new managing general agent, launched with D.E. Shaw backing and AI-powered underwriting technology targeting the excess and surplus property market. The company promises faster, data-driven insurance processing.
insurance companies
Ohio Legal Insurance Merger Could Signal Broader Changes
ALPS Insurance is acquiring Ohio Bar Liability Insurance Company, continuing a trend of insurance industry consolidation. This merger in the professional liability space reflects broader market pressures affecting all types of insurance coverage.
AIG Completes Corebridge Sale After 5 Years
American International Group has completed the sale of its remaining stake in Corebridge Financial, ending a five-year separation process. This strategic move allows AIG to focus more resources on its core property and casualty insurance operations, including auto insurance.