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Nirvana Insurance partnered with MS Transverse Insurance Group Orion180 Insurance partnered with Haas F1 Team Old Republic General Insurance partnered with Companion Protect Volt Underwriting picks Quotech in Underwriting SimplyIOA partnered with Obsidian Insurance Holdings Semsee partnered with Utica First Insurance Company Delos Insurance Solutions raised $9M Rollo Insurance Group picks SALT Insure in Sales The Hartford picks Empathy in Claims RMA picks Quotey in Sales Root Insurance raised $150M Marsh McLennan raised $7.25B Security Benefit raised $650M Authentic Insurance uses Artificial Intelligence in Sales HOMEE raised $12M

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta

In-force premium reached $889 million.

Scottish Widows appoints Paul McNamara as non-executive director

By Coverager ·

Scottish Widows has announced that Paul McNamara will join its Board as a non-executive director in September 2024.

Innovation

QBE North America increases support for Blue Forest

By Coverager ·

Blue Forest is a nonprofit focused on forest and watershed conservation to prevent severe wildfires.

Strategy

Vaisala to buy Speedwell Climate

By Coverager ·

The deal, expected to close in Q4 2024, will add 24 Speedwell Climate employees to Vaisala, pending regulatory approval.

Strategy

Tokio Marine Kiln establishes Specialty Reinsurance division

By Coverager ·

The new division will be led by Phil Taylor.

Investments

Optalitix raises $3 million

By Coverager ·

Optalitix has customers in the UK and internationally.

Strategy

Ripe announces Alan Thomas as new CEO

By Gabriella Ben-Hutta ·

In 2022, private investment firm Aquiline Capital Partners LP acquired a majority stake in the company.

Business

Grange Insurance names Cheryl McRae Lebens CFO

By Gabriella Ben-Hutta ·

With Grange for 12 years, Lebens has served in several leadership roles within the organization.

Business

Voya Financial to acquire OneAmerica Financial’s retirement plan business

By Coverager ·

The transaction is expected to close on Jan. 1, 2025, subject to customary closing conditions, including regulatory approvals.

Business

WTW partners with Kayna

By Avi Ben-Hutta ·

The partnership has been developed to enable delivery of WTW insurance solutions to SME clients in the UK and US through vertical SaaS platforms.

Investments

Cinven acquires 50% stake in Policy Expert

By Avi Ben-Hutta ·

Policy Expert plans to offer pet insurance this year.

Investments

Neat raises €50 million

By Shefi Ben-Hutta ·

Neat is an embedded insurance player from France.

Product

Markel introduces FintechRisk+ insurance policy for fintech sector

By Coverager ·

Risks in the cyber and fintech markets have evolved rapidly since the inception of Markel's original Fintech policy eight years ago.

Business

EverPeak Insurance launches in Arizona

By Coverager ·

The company is now available in 12 states.

Investments

SafetyCulture raises $110 million

By Gabriella Ben-Hutta ·

When it comes to insurance, the company's insurance subsidiary is partnered with Employers.

Investments

All Hands AI raises $5 million

By Gabriella Ben-Hutta ·

The AI software developer is focused on creating model-agnostic, open-source AI agents.

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Member News

Branch Transforms Template Management with Kyber, Achieving Dramatic Operational Improvements

By Sav Gadoo ·

Geico Wins! Cheapest Car Insurance in Florida

By Melanie Musson, Clearsurance ·

New Cake & Arrow report explores how AI can humanize the insurance experience, ushering in a new golden age for the industry

By Emily Smith Cardineau, Cake & Arrow ·

Haunting Claims Inefficiencies? Discover How Agentic AI and LLMs Can Actually Transform the Claims Process.

By Robin Roberson, Agentech ·

Bindable Unveils a Simplified Solution for Organizations Interested in Launching an Independent P&C Insurance Agency

By Mary Clare Riordan, Bindable ·

5 Pitfalls to Effective Insurance Compliance Vendor RFPs and How to Address Them

By AgentSync, AgentSync ·

SILA’s newest president talks leadership, trends, and more

By Vertafore ·

Insurtech's Meal Deal: 5 Solutions for 5 Challenges Served with a Side of Agentic AI

By Robin Roberson, Agentech ·

Sircon Compensation empowers carriers to fuel growth and build stronger relationships with independent agents

By Vertafore ·

Safety Versus Risk Management with Daniel Ruiz of SC Builders

By John Fohr, TrustLayer ·

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