The company employs more than 220 people and placed over £85 million in annual insurance premiums for businesses across the UK.
Amica data shows that 1 in 60 policyholders has a non-weather water loss every year, with the average claim exceeding $21,000.
Aviva Specialty will write on Aviva Insurance Limited paper.
American Family Ventures participated in the round.
The company claims to be on track to surpass $1 billion in cumulative premium written since it started writing business in 2023.
The launch expands XPT’s personal lines offering as severe weather exposure and rising rebuilding costs continue to constrain homeowners capacity in Texas.
The feature supports underwriting, distribution, policy administration and claims applications.
The name has an existing connection to Grinnell Mutual.
The acquisition expands Heffernan’s presence in the Washington, D.C., metropolitan area and adds expertise in media and professional liability.
Independence Pet Holdings and Pinnacle Pet Group now operate as Doubtless. The organization operates across 10 markets and covers more than 6 million pets.
Ribbit Capital led the round.
The new offering will launch in November.
The tool is designed to surface decades of property records that can be difficult to locate.
Canopy will retain its underwriting authority.
The application lists annuity underwriting, life insurance underwriting, issuance and administration of annuities, and issuance of life insurance.
