Editor at Coverager
China’s Thaihot Group has agreed to purchase the insurance business unit of Hong Kong bank Dah Sing for $1.4 billion; that’s nearly three times Dah Sing insurance’s 2015 embedded value, which...
Senior advocacy organization AARP has renewed its motorcycle and mobile home insurance programs with Foremost Insurance for another five-years. Big deal. One gets more than half its total revenue from royalties on...
Esurance goes from dongle-based telematics to mobile-based telematics. The company launched its first usage-based insurance app in Utah, and will roll out to additional states this year. Speaking of mobile, Zenefits is now on-the-go.
Munich Re’s insurance business Ergo, which underwrites both P&C and L&H insurance businesses, will launch a stand-alone digital insurance company, with an initial offering of an auto product, in an attempt to...
“A popular sentence in the insurance industry is: ‘The internet can never fully replace a good broker or agent’. It’s a good example of how the industry tends to think in...
Liberty Mutual Strategic Ventures (LMSV) invests again. Think: Denver-based Notion, a startup for home-monitoring sensors, closed $3.2 million in a round led by XL Innovate and LMSV bringing its total funding to date...
Timothy NeCastro is the new president and CEO of Erie Insurance succeeding Terry Cavanaugh, which announced his retirement last year. Joined Erie back in 1996. So much for new blood.
Global private equity firm Apax Partners has announced that funds advised by Apax have agreed to acquire digital distribution technology provider Agencyport. The acquisition is being made in connection with...
American Integrity insurer has deployed a new home insurance quoting portal to allow insurance shoppers to obtain a quick and accurate online premium quote prior to purchasing a policy with an agent. That’s right,...
The former chief executive of Zurich, Martin Senn, who stepped aside in December, committed suicide this past Friday. He is the second high-ranking executive with ties to the Swiss insurance giant...
There’s actually a company called Aggressive Insurance Group. It was named the Company of the Year at a recent PIA Convention, but that’s not the point.
Recall: late last year China’s Anbang Insurance announced its plans to acquire Fidelity & Guaranty Life for ~$1.57 billion. Same Anbang that purchased the New York Waldorf Astoria hotel for $1.95 billion. Now...
Leader in reinsurance, Guy Carpenter, partners with leader in cyber, Symantec, to form a cyber aggregation model over the next 12 months. Think: a catalog of cyber scenarios for insurers to browse through for...
An Indian telematics startup called Vahanalytics has raised $200,000. Bottom Line: will likely enter the auto insurance sector in Europe and India.
