Branch restructures independent agency channel
Branch is restructuring its independent agency channel, affecting multiple employees, according to a LinkedIn post by JC Ibanez, a senior agency success manager at Branch.
In response to Coverager’s inquiry, Branch said it is reorganizing its independent agency team to provide faster service and give agency partners more ways to grow their business. Branch plans to introduce tools in the coming months to help agents quote and bind more business. The response did not specify how many employees are affected.
Branch Insurance Exchange, the reciprocal insurer managed by Branch, reported $42.2 million in written premium in the first half of 2026, up 8.6% year over year. Its net underwriting loss widened to $15.3 million from $14.2 million a year earlier. Homeowners insurance accounted for approximately 63% of written premium.
Branch also recently launched Ember Mutuals in partnership with Innovated Holdings. The platform provides technology and operational support to legacy mutual insurers, including CFM Insurance, Forreston Mutual, and Oakwood Mutual.
According to Coverager data, Branch has raised $229.5 million in disclosed funding, including a $147 million Series C in June 2022. Its investors include American Family Ventures, Greycroft, HSCM Ventures, Acrew Capital, Anthemis and SignalFire .
