Acquired Archives

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Hagerty partnered with Barrett-Jackson ING Group partnered with bolttech Protect My Let partnered with Addept Insurance Services Addept Insurance Services partnered with Salvation Army General Insurance Ageas UK partnered with Wrisk Cleerly Mortgages picks Acre in Admin Leavitt Group picks FurtherAI in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M KOBAN SÜDVERS picks CyberCube in Risk Mitigation AIG picks Poetic in Underwriting Elpha Secure picks Ketch in Risk Mitigation Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M Chubb raised $574.2M

Cleerly Mortgages selects Acre as CRM platform

By Shefi Ben-Hutta

Acre, which was acquired by ClearScore, has raised $14.6 million from investors including Aviva Ventures, Founders Factory, McPike Global Family Office, and Sesame Bankhall Group.

Business

Layoffs at Cruise

By Avi Ben-Hutta ·

The company is laying off 900 employees.

Business

The parent of a SiriusPoint shareholder taken into private receivership

By Coverager ·

CMIG International Holding Pte Ltd has been taken into private receivership by its lenders.

Business

Lincoln Financial to sell wealth management business

By Coverager ·

The transaction is expected to provide approximately $700 million of capital benefit to Lincoln.

Strategy

Chewy to open its first veterinary practice

By Avi Ben-Hutta ·

The first practice will open in South Florida.

Investments

Kapital raises $40 million

By Avi Ben-Hutta ·

MS&AD Ventures participated in the round.

Business

Swiss Re acquires Fathom

By Avi Ben-Hutta ·

Fathom was founded in 2013 and is a team of ~50.

Business

JPMorgan will discontinue its digital robo-advisor product

By Avi Ben-Hutta ·

The bank introduced its robo-advisor product in 2019.

Business

Markel International launches Specialty division

By Coverager ·

The new division will be spearheaded by Tom Hillier as Divisional Managing Director.

Innovation

Darwin grows to serve 250,000 customers

By Coverager ·

Darwin is run by a small end-to-end team of 50 people.

Investments

CryptoNext Security raises €11 million

By Avi Ben-Hutta ·

CryptoNext develops post quantum cryptography software solutions.

Business

Victor Joseph promoted to president & COO of Mercury

By Coverager ·

Victor has held a variety of positions since he joined the company almost 15 years ago.

Investments

Terminal raises $3.1 million

By Avi Ben-Hutta ·

The startup looks to give third parties access to GPS data, speeding data and vehicle stats with a single API.

Business

Ryan Specialty forms new MGU

By Coverager ·

The formation of Ryan Financial Lines will roll through the first half of 2024.

Member News

Ricardo Martinez Joins Cambridge Mobile Telematics Road Safety Board

By Cambridge Mobile Telematics ·

Former National Highway Traffic Safety Administration administrator brings expertise in traffic safety, emergency medicine, and crash injury research to CMT Road Safety Board Cambridge, MA – December 13, 2023 — ...

Business

Loop makes additional cuts and pauses advertising

By Avi Ben-Hutta ·

The cuts impacted a low single-digit number of employees.

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Member News

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 ·

Why Cyber Insurance's "Fire Sale" Won't Last

By Zywave ·

Shadow Accounting in Insurance Compensation

By Vertafore ·

Sircon Compensation recognized for helping carriers turn agent compensation into a competitive advantage

By Vertafore ·

How Carriers Can Help AI Pilots Take Off

By Vertafore ·

Vertafore earns fourth consecutive Excellence in Customer Service Award

By Vertafore ·

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