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GEICO partnered with Fidelity Life GEICO partnered with eFinancial EverQuote partnered with Progressive Squaretrade partnered with Reebelo Generali raised $836.38M AgencyBloc picks SunFire in Sales Abacus Life picks Lorisco Life in Risk Mitigation M3 Insurance Solutions partnered with Chubb Zing Health raised $140M GeoX raised $19M Laris Motorsports Insurance picks BriteCore in Admin Farm Bureau Insurance of Michigan picks Whisker Labs in Risk Mitigation Arden Insurance Services picks Nearmap in Underwriting Ledger Investing raised $100M First American Financial Corporation raised $450M

I(N)A

By Shefi Ben-Hutta

We’ve found the insurance industry’s very own “Eli Copter.”

Financials

Progressive reports 85.5% CR for August

By Avi Ben-Hutta ·

The insurer ended the month with a combined ratio of 85.5% and net income of $835.3 million.

Business

Allianz Appoints Thomas Lillelund as New CEO of AGCS

By Coverager ·

Lillelund will join Allianz as the CEO of AGCS in early 2025.

Investments

Akur8 raises $120 million

By Coverager ·

The new funding will significantly bolster Akur8’s ability to expand its product portfolio and fuel its growth in key global markets.

Financials

Sanlam reports strong growth and strategic advances in H1 2024

By Coverager ·

The SanlamAllianz joint venture integration is also progressing well, with successful mergers in multiple African countries.

Technology

Blink Parametric enters Africa with MAWDY

By Shefi Ben-Hutta ·

This expansion will provide Blink Parametric's flight disruption service to MAWDY’s customers.

Strategy

Patriot Growth Insurance Services adds chief accounting officer

By Coverager ·

Bob will oversee all aspects of the accounting operations at Patriot.

Business

Marsh McLennan and Aon advocate for targeted reinsurance support to boost Ukraine’s economic recovery

By Coverager ·

Both companies emphasize that arbitrary exclusions for Ukraine lead to confusion about the varying levels of risk across the country.

Investments

Strider Technologies raises $55 million

By Coverager ·

The round includes participation from AXA Venture Partners.

Technology

Source7 partners with ProxyPics

By Coverager ·

Partnership meant to enhance property inspections.

Business

Sun Life enhances claims connectivity

By Gabriella Ben-Hutta ·

Making benefits easier for members by integrating claims across its disability, supplemental health, stop-loss and dental products.

Business

Prudential partners with RightCapital

By Gabriella Ben-Hutta ·

RightCapital is a financial planning digital platform.

Business

Life360 introduces an advertising platform

By Gabriella Ben-Hutta ·

One of the first brand partners to join Life360's new advertising platform is Uber.

Business

Sedgwick announces strategic partnership with Altas Partners

By Coverager ·

This transaction implies a total enterprise value of approximately $13.2 billion.

Business

Sentry Insurance to acquire The General

By Avi Ben-Hutta ·

American Family acquired The General in 2012 for $239 million.

Financials

Branch Insurance Exchange reports Q2 results

By Avi Ben-Hutta ·

The reciprocal reported a net underwriting loss of $44 million.

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Featured Jobs

Associate State Manager, Commercial Lines

The Hanover

Underwriting Manager (Small Commercial Insurance - All Lines)

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Member News

Herald Introduces AI-powered Data Extraction

By Herald, Herald ·

Coterie Insurance Enables Instant Business Insurance with BTIS

By Katherine Jones, Coterie Insurance ·

HawkSoft Welcomes Rhodian Group to Solution Partner Program

By HawkSoft, HawkSoft ·

Crimes Against Customers: Part 3 – Technology Crimes

By AgentSync, AgentSync ·

Kyber Unveils Platform to Automate Claims Notices & Letter for Insurance Claim Teams

By Sav Gadoo ·

Gerent & Herald Revolutionize Workflows for Insurance Brokerages

By Herald, Herald ·

Insurance knowledge databases: The InsurTech that tames a hard market

By Vertafore ·

How Personalization Creates Engagement for a World-Class Producer Experience

By AgentSync, AgentSync ·

What carriers should consider as federal courts delay the 2024 DOL Fiduciary Rule implementation

By Vertafore ·

Administrative Actions: What Are They and Who Do You Report Them to?

By AgentSync, AgentSync ·

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