BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Hartford buys sharing economy MGU

Hartford buys sharing economy MGU

Hartford Financial Services Group Inc. has purchased Y-Risk LLC, a managing general underwriter specializing in the sharing and on-demand economy, from Atlanta-based Allstar Financial Group, Inc., Hartford announced Monday.

Terms of the transaction were not disclosed. In a statement, Hartford said “the purchase price will not have a material impact on The Hartford’s financial results.”

According to the statement, Unionville, Connecticut-based Y-Risk offers products offers coverage and usage-based pricing for commercial auto, general liability, property, inland marine, cyber and professional liability products.

The statement said that Y-Risk’s clients include transportation network companies and companies offering automobile sharing, on-demand services and space sharing.

The statement said that Y-Risk will keep its brand name and that all its employees have been hired by Hartford.





Read Next

  • Hartford to buy Navigators for $2.1 billion

    (Reuters) — Hartford Financial Services Group Inc. said Wednesday it will buy Navigators Group Inc. in a $2.1 billion cash deal to expand its product offerings and geographic reach.