Issuing of International Program Policies on the Non-Admitted Market in the US For quite some time now, our partners in the US have advised us of the tendency that local US program policies in international programs are more and more issued on the “non-admitted market” (Excess and surplus lines market). This is causing concerns [...]
A digital twin represents a real entity in digital form. It is effectively a replica of physical assets, processes and systems described by data that helps organizations understand, predict and optimise their performance. As an exact digital replica of something in the physical world, digital twins are made possible thanks to IoT (Internet of [...]
According to recent studies, Germany is one of the most innovative nations in the world. A key innovation and export driver in Germany is mechanical and plant engineering. In 2018, 4 out of 5 mechanical engineering companies introduced a process or product innovation. Moreover, machinery is the second-largest export good of Germany as an [...]
In the TRC network, we are pleased to announce that the following international partners have joined the network in 2020. We warmly welcome all new partners and look forward to a successful future and cooperation together. CAC Specialty Founded in 1997 Employees: 10 Country: USA Profile: CAC Specialty is a solutions company [...]
Why we are not all going to be working from home in the future! As we may be nearing the end of the pandemic, there is no consensus about how the future of work will look like. There is a great divide among companies over whether their employees will stay at home or whether [...]
FINC as a Solution to Avoid Double Taxation in Non-EEA-Countries? The modernization of the Insurance Tax Act passed by German federal parliament in 2020 led to criticism from many German insurance brokers operating internationally. One of the reasons for this is the decision that master program cover for German policyholders with insured subsidiaries in [...]
Last year Japan´s Environment Minister Shinjiro Koizumi caused a sensation with the announcement of a two-week paternity leave. He is the first Japanese cabinet minister to take childcare leave, after the birth of his son. The then 38-year-old explained that he hopes his decision would encourage other new fathers to follow his example and [...]
TRC expands its network in Canada and officially welcomes Cowan Insurance Group to the TRC network. Cowan is a leading independent Canadian-owned insurance brokerage and advisory firm with nearly 500 employees in 11 different locations across Canada. Cowan Insurance Group and its subsidiary Cowan Financial Solutions help clients strategically manage their financial and insurance risks [...]
Higginbotham, a Fort Worth, Texas, insurance brokerage, has acquired Lipscomb & Pitts Insurance LLC of Memphis, Higginbotham said in a statement Monday. Terms of the transaction were not disclosed. Lipscomb & Pitts has 134 employees in Memphis, Nashville and Chattanooga, Tennessee; Jonesboro, Arkansas; and Hattiesburg, Mississippi. Mat Lipscomb III and Johnny Pitts, the second-generation majority [...]
AnaCap Financial Partners, a London-based financial services specialist mid-market private equity investor, announced a “significant” growth investment into MRH Trowe (MRHT), an independent top 10 industrial and commercial lines German insurance broker. AnaCap said it will join the MRHT management team as a “strategic growth partner,” with existing management remaining as the largest shareholder group [...]