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Liberty Mutual Insurance Bolsters Independent Agent Network With Agreement to Acquire State Auto Group
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More Than 25 Auto Insurance Companies
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Fortitude Re Selects and Goes Live with Prima XL
ACCESSWIRE
Bermuda-based reinsurer selects Prima Solutions to support its P&C runoff management activities
CORAL GABLES, FL / ACCESSWIRE / May 11, 2021
/ Fortitude Re has chosen Prima XL as its cloud-based reinsurance management software. Prima XL is designed by Prima Solutions, a global insurtech group for insurance and reinsurance professionals in North America, Europe, and Asia-Pacific.
Fortitude Re will use the software to support and optimize its P&C runoff activities and to help it evaluate opportunities to acquire and manage legacy insurance portfolios. The Bermuda-based reinsurer chose Prima XL in 2020 and recently went live with the software.
Prima Solutions: Fortitude Re Selects and Goes Live with Prima XL
CORAL GABLES, FL / ACCESSWIRE / May 11, 2021
/ Fortitude Re has chosen Prima XL as its cloud-based reinsurance management software. Prima XL is designed by Prima Solutions, a global insurtech group for insurance and reinsurance professionals in North America, Europe, and Asia-Pacific.
Fortitude Re will use the software to support and optimize its P&C runoff activities and to help it evaluate opportunities to acquire and manage legacy insurance portfolios. The Bermuda-based reinsurer chose Prima XL in 2020 and recently went live with the software. We were looking for a platform to manage our reinsurance runoff activities, and Prima Solutions already had great expertise in runoff management solutions. What mattered most to us was the flexibility of the solution and its ability to evolve with us, said Craig Clark, reinsurance manager at Fortitude Re.
Mercury Insurance Reduces Rates in Virginia
- Mercury auto insurance policyholders will see an overall rate decrease of 8%
- Mercury s single-family homeowners policyholders will see an average rate decrease of 3.5%
- Rate reductions to both product lines follow recent decreases, which were implemented in October 2020
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LOS ANGELES, April 23, 2021 /PRNewswire/ Mercury Insurance announced today that its auto insurance policyholders in Virginia will see an average rate decrease of 8%, effective April 23 for new customers and June 27 for renewals, which will save policyholders an average of $126 a year. Additionally, homeowners insurance rates for Virginians are being reduced by an average of 3.5% percent. This reduction immediately applies to new customers beginning April 23 and policy renewals beginning June 12, and will save Mercury policyholders an average of $27 a year.
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