Latest news with #A.M
Business Wire
6 days ago
- Business
- Business Wire
K2 Cyber Adds Another Major Partner to Deliver Intelligent Cyber Insurance to Small and Medium Businesses
CHAPEL HILL, N.C.--(BUSINESS WIRE)-- K2 Cyber, a K2 Insurance Services brand and the provider of Intelligent Cyber Insurance™, announces today a strategic partnership with Liberty Mutual Insurance and its Ironshore programs group, both A.M. Best 'A' rated carriers and recognized leaders in the specialty insurance market. This partnership represents a major milestone in K2 Cyber's mission to protect small and medium-sized organizations and their stakeholders, a market that is often underserved in today's evolving cyber risk landscape. That program provides a holistic cyber solution protecting both organizations and their owners and executives, since the personal devices and digital identities of those individuals are often inseparably linked to business operations. Up to $3 million in cyber liability coverage is available to companies across the country with annual revenues as large as $100 million. Under the partnership, Liberty Mutual provides K2 Cyber's SMB program delegated underwriting authority and capacity, along with industry-leading global underwriting expertise, product management, risk engineering, and claim capabilities. 'We're incredibly grateful to partner with an industry leader like Liberty Mutual,' said Keith Moore, CEO and Founder of K2 Cyber. 'Their commitment to innovation and excellence perfectly aligns with our vision of delivering cyber insurance that goes beyond the policy by providing free, built-in risk engineering, real-time cyber monitoring, and practical security tools tailored for SMBs.' 'In today's interconnected world, it's nearly impossible to draw a clean line between personal and professional digital exposure, especially for small business owners,' Moore added. 'Our program recognizes that reality and builds protection where others leave gaps.' Patrick Thielen, Global Head of Cyber Insurance at Liberty Mutual, said, 'We're excited to collaborate with K2 Cyber. Their forward-thinking model addresses the needs of small and medium-sized organizations with sophistication and simplicity. Together, we're delivering an insurance solution that empowers policyholders, brokers and agents alike to respond confidently to cyber threats.' In addition to its unique coverage structure, K2 Cyber's Intelligent Cyber Insurance™ model emphasizes ease of doing business, streamlined broker/agent workflows, and client education. The program is already gaining momentum among retail agents and wholesale brokers looking to offer differentiated cyber protection without the friction. For Brokers & Agents: K2 Cyber is actively appointing producers nationwide. If you're looking to offer a smarter, more comprehensive cyber solution to your clients, we welcome you to join our growing distribution network. ➡️ Request an appointment today at: About K2 Cyber: K2 Cyber is the cutting-edge provider of Intelligent Cyber Insurance™, dedicated to cultivating winners in today's complex SMB digital landscape through continuous risk engineering, innovative prevention and mitigation tools, and comprehensive cyber education. By empowering insureds with resources typically beyond their reach, our influence drives positive change on a broader scale. Backed by a team with deep cyber insurance, technology and cybersecurity expertise, K2 Cyber is redefining cyber risk management for the SMB sector. For more information, visit K2 Cyber is a K2 Insurance Services brand. About K2 Insurance Services: K2 Insurance Services is an insurance services holding company that owns and controls a diverse set of MGAs, marketing, underwriting and servicing nearly $2 billion annually in niche commercial and personal insurance premiums. Our mission is to protect what matters most to our partners and clients through personalized and specialty insurance products by distributing innovative programs and products through trusted direct, retail and wholesale channels. Formed and led by successful insurance industry veterans and backed by Warburg Pincus, K2 is leading the way with specialty insurance programs. About Liberty Mutual Insurance At Liberty Mutual, we believe progress happens when people feel secure. By providing protection for the unexpected and delivering it with care, we help people and businesses embrace today and confidently pursue tomorrow. In business since 1912, and headquartered in Boston, today we are the ninth largest global property and casualty insurer based on 2024 gross written premium. We also rank 91 on the Fortune 100 list of largest corporations in the US based on 2024 revenue. As of December 31, 2024, we had $50.2 billion in annual consolidated revenue. We employ over 40,000 people in 28 countries and economies around the world. We offer a wide range of insurance products and services, including personal automobile, homeowners, specialty lines, reinsurance, commercial multiple-peril, workers compensation, commercial automobile, general liability, surety, and commercial property. For more information, visit
Yahoo
25-04-2025
- Business
- Yahoo
MSI rolls out new liability coverage for habitational properties
MSI, a managing general agency in the US, has introduced commercial general liability (CGL), an insurance solution for habitational properties. This new product aims to provide general liability coverage to owners of residential dwellings including apartments, condominiums and town homes. The CGL insurance is designed to help property owners manage financial risks associated with claims, medical expenses and legal fees due to bodily injury and property damage stemming from their products, services or operations. The policy offers coverage limits of $1m per occurrence and a $2m aggregate. MSI MGA Programmes and chief innovation officer Rajiv Matta said: 'Increasing claims costs, evolving litigation trends and tightening capacity have created significant challenges for habitational property owners. 'Our new CGL solution is tailored to address these challenges by offering robust and flexible coverage that protects our customers and their investments while giving them confidence in an unpredictable market. We are very pleased that an A.M. Best A+ rated insurance company is supporting this product.' MSI Casualty business line leader Angela Adams stated: 'At MSI, we are committed to building insurance better and delivering solutions that help our customers navigate risk with confidence. Our new commercial general liability product reflects this commitment by offering protection that truly makes a difference.' Being the brand name for Millennial Specialty Insurance, MSI is an indirect subsidiary of the Baldwin Insurance Group. Set up in 2015, MSI provides a suite of more than 20 insurance products and solutions across personal, commercial and professional lines. "MSI rolls out new liability coverage for habitational properties " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Business Wire
24-04-2025
- Business
- Business Wire
MSI Launches Commercial General Liability Insurance for Habitational Property Owners to Protect Against Emerging Risks in a Challenging Market
BUSINESS WIRE)--MSI™, one of the largest independent managing general agencies (MGAs) in the United States, announced today the launch of its commercial general liability (CGL) insurance solution designed specifically for habitational properties. This product comes at a critical time as habitational property owners navigate heightened risk exposures and rising premiums. MSI Launches Commercial General Liability Insurance for Habitational Property Owners to Protect Against Emerging Risks in a Challenging Market 'Increasing claims costs, evolving litigation trends, and tightening capacity have created significant challenges for habitational property owners,' said Rajiv Matta, Chief Innovation Officer of MGA Programs at MSI. 'Our new CGL solution is tailored to address these challenges by offering robust and flexible coverage that protects our customers and their investments while giving them confidence in an unpredictable market. We're very pleased that an A.M. Best A+ rated insurance company is supporting this product.' This new product offers general liability coverage to owners of various types of residential dwellings, including eligible apartments, condominiums, and townhomes. The new CGL offering is the latest addition to MSI's expanding suite of more than 20 products and solutions. MSI thrives on finding specialized solutions to important risks facing individuals and businesses. Its distribution partners turn to the company for its wide variety of products and access to insurer and reinsurer risk capacity to grow their business and meet their customers' unique needs. 'At MSI, we are committed to building insurance better and delivering solutions that help our customers navigate risk with confidence,' said Angela Adams, Business Line Leader, Casualty at MSI. 'Our new commercial general liability product reflects this commitment by offering protection that truly makes a difference.' For more information about MSI's new CGL solution, please visit our website. About MSI MSI, the brand name for Millennial Specialty Insurance, LLC, is one of the largest independent managing general agencies (MGAs) in the United States and an indirect subsidiary of The Baldwin Insurance Group, Inc. ('Baldwin') (NASDAQ: BWIN). Offering more than 20 insurance products and solutions across personal, commercial, and professional lines, MSI thrives on solving challenges, delivering responsive service, and providing an easy insurance experience to its distribution partners and more than 1.5 million customers. Combining deep underwriting expertise with (re)insurer risk capacity, MSI creates specialized insurance solutions that empower our distribution partners to meet customers' unique needs. MSI is committed to delivering exceptional service and rapid resolutions to customers throughout the policy lifecycle and to building insurance better. Founded in 2015, MSI joined The Baldwin Group in 2019. For more information, please visit About The Baldwin Group The Baldwin Group, the brand name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its affiliates, is an independent insurance distribution firm providing indispensable expertise and insights that strive to give our clients the confidence to pursue their purpose, passion, and dreams. As a team of dedicated entrepreneurs and insurance professionals, we have come together to help protect the possible for our clients. We do this by delivering bespoke client solutions, services, and innovation through our comprehensive and tailored approach to risk management, insurance, and employee benefits. We support our clients, colleagues, insurance company partners, and communities through the deployment of vanguard resources and capital to drive our organic and inorganic growth. The Baldwin Group proudly represents more than three million clients across the United States and internationally. For more information, please visit This press release may contain various 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995, which represent Baldwin's expectations or beliefs concerning future events. Forward-looking statements are statements other than historical facts and may include statements that address Baldwin's future operating, financial or business performance or Baldwin's strategies or expectations. In some cases, you can identify these statements by forward-looking words such as 'may,' 'might,' 'will,' 'should,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'predicts,' 'projects,' 'potential,' 'outlook' or 'continue,' or the negative of these terms or other comparable terminology. Forward-looking statements are based on management's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results, developments and business decisions to differ materially from those contemplated by these statements. Factors that could cause actual results or performance to differ from the expectations expressed or implied in such forward-looking statements include, but are not limited to, those described under the caption 'Risk Factors' in Baldwin's Annual Report on Form 10-K for the year ended December 31, 2024 and in Baldwin's other filings with the U.S. Securities and Exchange Commission (the 'SEC'), which are available free of charge on the SEC's website at: including those risks and other factors relevant to Baldwin's business, financial condition and results of operations. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. All forward-looking statements and all subsequent written and oral forward-looking statements attributable to Baldwin or to persons acting on Baldwin's behalf are expressly qualified in their entirety by reference to these risks and uncertainties. You should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date they are made, and Baldwin does not undertake any obligation to update them in light of new information, future developments or otherwise, except as may be required under applicable law.
