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In Good Time partnered with Corebridge Financial In Good Time partnered with American-Amicable In Good Time partnered with Occidental Life Insurance Orchard Insurance partnered with Credible Insurance Mitsui Sumitomo Insurance partnered with Coalition Poncho raised $617.43K Canara HSBC Life Insurance picks Amazon Web Services in Underwriting Hanwha Life uses Digital Technology in Customer Service Virtus picks Indio Technologies in Sales Fairfax Financial Holdings raised $501.09M CBIZ picks Ennabl in Admin Zopper raised $25M Abacus Life raised $100M bolttech raised $50M QBE North America picks Federato in Underwriting

Branch Insurance Exchange reports Q3 2024 results

By Avi Ben-Hutta

The reciprocal reported a net underwriting loss of $50.7 million for the nine months of the year.

Business

Accelerant announces public launch of digital platform

By Coverager ·

Since 2023, Accelerant’s MGA members and internal teams have leveraged the digital platform.

Financials

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta ·

In-force premium reached $889 million.

Business

Howden introduces Howden Safe+

By Coverager ·

Howden Safe+ is a cyber insurance solution aimed at clients with revenues between $250 million and $2 billion.

Member News

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

By Robin Roberson ·

The true horror story in claims processing isn’t Halloween-themed; it’s the burden of repetitive tasks, backlogged file review, toggling between multiple systems, and endless file management.

Business

Ryan Specialty in final discussions to acquire Innovisk Capital Partners

By Coverager ·

Innovisk generated approximately $58 million of operating revenue for the 12 months ended July 31, 2024.

Business

Procore shuts down Procore Risk Advisors

By Avi Ben-Hutta ·

We reached out to Procore for a comment.

Member News

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

By Mary Clare Riordan ·

Bindable's ready-made virtual agency solution allows for the rapid launch of an expertly-guided insurance program, providing the essential infrastructure and tools for accelerated success.

Business

Assurant announces heavy truck extended service contract

By Coverager ·

The Assurant Heavy Truck Extended Service Contract joins existing solutions.

Business

Berkshire Hathaway Travel Protection appoints Bob Ford as Chief Revenue Officer

By Coverager ·

Ford joins Berkshire Hathaway Travel Protection after serving as regional vice president of sales with AIG Travel Guard.

Investments

BP Marsh invests in SRT & Partners

By Coverager ·

B.P. Marsh has provided £2.5 million of funding via a mixture of equity and debt.

Business

QBE North America appoints Matt Westhoff as President of Commercial Insurance

By Coverager ·

Westhoff will be responsible for leading the $1 billion-plus Commercial Insurance portfolio.

Innovation

AAA to shut down Gig Car Share

By Shefi Ben-Hutta ·

The news follows Avail’s shutdown of its direct-to-consumer car-sharing service, a peer-to-peer startup launched by Allstate in 2018.

Strategy

Baloise to sell FRIDAY

By Avi Ben-Hutta ·

The parties have agreed not to disclose the purchase price.

Investments

HOMEE raises $12 million

By Coverager ·

HOMEE has expanded its repair coverage to now cover more than 7 million homes in 38 states.

Investments

DoorLoop raises $100 million

By Avi Ben-Hutta ·

DoorLoop's software features a variety of solutions for property managers.

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Featured Jobs

Senior Executive Compensation Analyst

American Family Insurance

AVP, P&C Climate Risk and Exposure Analytics

USAA

Production Underwriting Specialist

Great American Insurance Group

Member News

Bindable partners with Recoop Disaster Insurance

By Mary Clare Riordan, Bindable ·

Leveraging Data Analytics for Risk Management in Insurance with Alexandra Littlejohn

By John Fohr, TrustLayer ·

Cybersecurity in Insurance: Why Your Data and Compliance Can’t Afford to Slip

By AgentSync, AgentSync ·

Ensuring Quality and Compliance with AI in Claims Processing

By Robin Roberson, Agentech ·

Integrating insurance licensing & commissions

By Vertafore ·

Obie Unveils Tenant Legal Liability Policy to Empower Real Estate Investors with Streamlined Tenant Risk Coverage

By Aaron Letzeiser, Obie ·

Onda Selects Five Sigma to Elevate Cyber Claims Handling

By Oded Barak, Five Sigma ·

HAI Group Goes Live on OneShield Enterprise Platform 7, Launching General Liability and Excess Products

By Janice Merkley, OneShield ·

The Evolving Landscape of Construction Risk Management with Rob McDonough of Marsh

By John Fohr, TrustLayer ·

Is Your Distribution Network Built to Scale?

By AgentSync, AgentSync ·

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