Acquired Archives

Coverager Data

Sharp Insurance picks Rival Insurance Technology in Sales Nibbles Pet Health partnered with Physicians Mutual CoverForce Inc partnered with USLI Morrisons partnered with Accredited Insurance Morrisons partnered with AXA Tesco Insurance & Money Services partnered with Allianz Partners Prudential Financial picks Gradial in Sales Connie Health raised $40M Convr picks Property Guardian in Underwriting Sammons Financial Group raised $750M IAG picks Sonder in Claims Tugboat raised $3M Pints AI raised $5.6M Great-West Lifeco raised $107.44M BMO Insurance picks Walnut Insurance in Sales

Morrisons enters insurance with Hood Group

By Shefi Ben-Hutta

The UK grocer's entry into the category and its first move to monetize the More Card loyalty base through insurance.

Strategy

Incline P&C Group names Sheel J. Patel chief risk and strategy Officer, Lauren Wiedenfeld CFO

By Coverager ·

Both executives bring decades of experience in financial management, strategy, and leadership across major organizations.

Business

Hub International expands in New Mexico

By Coverager ·

Terms of the transaction were not disclosed.

Innovation

Acera Insurance expands into Saskatchewan

By Coverager ·

BMA Group, established in 2012, specializes in designing competitive plans for local businesses and will transition into Acera Benefits.

Business

Transcarent to acquire Accolade

By Gabriella Ben-Hutta ·

Transcarent will acquire Accolade for $7.03 per share in cash, which represents a total equity value of approximately $621M.

Business

Cytora partners with Moody’s RMS

By Gabriella Ben-Hutta ·

The integration will enable P&C underwriters to gain insights into climate and natural disaster risk.

Business

Mercury reports damage from Southern California wildfires

By Shefi Ben-Hutta ·

The wind-driven wildfires have caused substantial damage, with losses expected to exceed Mercury’s $150 million reinsurance retention.

Strategy

Mercury Insurance returns to Paradise, offering home coverage

By Coverager ·

In 2024, Mercury also stepped in to provide coverage for thousands of Californians after Tokio Marine America exited the personal lines market.

Business

Direct Line Group launches program to boost vehicle repair standards

By Gabriella Ben-Hutta ·

Direct Line Group is UK's largest retail general insurer, owning brands such as Direct Line, Churchill and Green Flag.

Business

CRC welcomes Cristina Varner

By Gabriella Ben-Hutta ·

Cristina Varner was appointed Executive Vice President, Life Sciences and Healthcare Broker.

Innovation

Checkbook acquires Sureti

By Shefi Ben-Hutta ·

Sureti is no stranger to Checkbook, having utilized its digital endorsement technology to simplify multi-party payments.

Financials

Envelop Risk hits $1 billion gross written premiums

By Coverager ·

The company now supports 30 partners underwriting cyber risks in multiple regions.

Product

IAG secures 2025 reinsurance program

By Coverager ·

IAG will release its financial results for the six months ending December 31, 2024, on February 13, 2025.

Strategy

Helvetia unveils 10-year strategy focused on retail, specialty lines, and operational efficiency

By Coverager ·

Helvetia will also revise its reporting to reflect Spain's growing importance in its operations.

Business

iA Financial names John Laudenslager president of iA American

By Coverager ·

Effective immediately.

Business

Heffernan acquires Green Financial

By Coverager ·

The team joins Heffernan Insurance' small business division - HeffDirect.

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Member News

The Adjuster Shortage Is Turning Claims AI Into an Operating Necessity

By Yo Sub Kwon, Voltaire ·

ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernisation to Middle East, Africa, and India

By InsureMO, InsureMO ·

Buying Claims AI Is the Easy Part. This is How Two Claims Organizations are Making It Stick.

By Yo Sub Kwon, Voltaire ·

Zywave Announces 2026 Cyber Risk Award Winners

By Zywave ·

What Happens When Insurance Carrier Experts Retire?

By Vertafore ·

What 6,000 Insurance Leaders Were Actually Whispering About at Insurtech Insights USA

By Justin Jaksha, ePayPolicy ·

10 Cheapest Home Insurance Companies in Florida

By Melanie Musson, Clearsurance ·

Scaling Carrier Client Experience Starts Behind the Scenes

By Vertafore ·

Ivans Index May 2026 Results Released

By Michael Streit, Applied Systems ·

The Plaintiff Bar Brought AI to the Claim File. Carriers Should Arm the Adjuster.

By Yo Sub Kwon, Voltaire ·

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