Acquired Archives

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Descartes Underwriting picks NextPower in Risk Mitigation Petshop Science partnered with OUTsurance Liberty Mutual picks ICEYE in Claims Foyer Group picks Tractable in Claims Zurich Australia partnered with Crop Risk Underwriting Ventis Insurance partnered with Bravo Networks USI Insurance Services partnered with CNA Insurance GuardianPointe picks ZestyAI in Underwriting Hagerty partnered with Barrett-Jackson Ameriprise Financial raised $750M Cleerly Mortgages picks Acre in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M

An 84-year reign came to an end, and more

By Shefi Ben-Hutta

May 2026 was a month of endings. An 84-year reign. A California market that keeps getting smaller. A workforce reduction attributed, plainly, to AI.

Financials

AssetMark to acquire assets from Morningstar Wealth TAMP

By Shefi Ben-Hutta ·

Clients of Morningstar Wealth's TAMP will have their accounts transitioned to AssetMark's platform.

Financials

InsuraGuest closes rights offering

By Shefi Ben-Hutta ·

The Utah-based company offers hotel guest protection policies

Strategy

Mark Houghton joins Canopius

By Coverager ·

Mark will be responsible for product development and innovation, and for setting Canopius’ risk appetite for specialty lines worldwide.

Investments

Kinetic raises $21 million

By Avi Ben-Hutta ·

Allstate Strategic Ventures and Liberty Mutual Strategic Ventures participated in the round.

Business

Netchex partners with Next Insurance

By Coverager ·

Netchex claims to serve of 6,500 businesses.

Business

Ledgebrook expands partnership with Obsidian

By Coverager ·

This announcement follows the successful launch of Ledgebrook's Miscellaneous Professional Liability and Allied Healthcare product with Obsidian.

Investments

PQShield raises $37 million

By Avi Ben-Hutta ·

PQShield will use the funding to expand its commercial operations as well as its research IP.

Business

Emerald Bay partners with Lightspeed Specialty

By Coverager ·

The companies are launching an insurance facility in California that delivers "meaningful coverage" for homeowners and landlords.

Business

Keystone Agency Partners acquires Keystone Insurers Group

By Coverager ·

The acquisition will integrate KAP's brokerage platform with a premier independent agency network.

Business

EverPeak is now available on Attune’s digital platform

By Gabriella Ben-Hutta ·

EverPeak-branded workers' comp products have launched in 10 states and will eventually be available in most states nationwide.

Business

K2 International launches K2 Rubicon Specialty

By Coverager ·

This new division was founded by Gavin Wall, Parth Patel, Chris McGill and Matt Eve.

Business

Coverdash to offer cyber insurance via Drata

By Avi Ben-Hutta ·

Drata has raised $328 million and it claims to serve thousands of companies.

Member News

Evolving ways MGAs leverage data and tech for growth

By Vertafore ·

A closer look at solutions to data flow and connectivity challenges in E&S.

Strategy

Societe Generale to sell Shine

By Avi Ben-Hutta ·

Societe Generale paid ~€100 million in cash to acquire Shine.

Innovation

CHERRISK pauses policy sells in the German market

By Shefi Ben-Hutta ·

CHERRISK continues to operate in Hungary.

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Member News

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 ·

Producerflow Launches Partner Portal to Modernize Carrier Collaboration with Distribution Partners

By Ido Deutsch, Producerflow ·

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