Browsing: New Markets

Stephen Weinstein, former Itasca Re chairman, has launched Mangrove Property Insurance in Florida, aiming to assume thousands of policies from Citizens Property Insurance Corp. This move comes amid a stabilizing insurance market following legislative reforms.

Munich Re announced its acquisition of Next Insurance, a move that will integrate the insurtech company into Munich Re’s primary insurance business, Ergo. The deal, valued at $2.6 billion, signifies a strategic expansion for Munich Re in the small business insurance market.