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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.

Technology

AI Startup Writer raises $100 million

By Coverager ·

Writer offers two distinct pricing models - a Team Package for $18 per user/month (for up to 5 users), and an Enterprise Package (Pricing TBD).

Business

Chase partners with Gusto

By Avi Ben-Hutta ·

The bank will leverage Gusto Embedded.

Business

Transamerica partners with Bestow

By Avi Ben-Hutta ·

Bestow will digitize several Transamerica life insurance products.

Business

Intact is seeking buyers for RSA’s PL business

By Avi Ben-Hutta ·

The Canadian insurer is working with JPMorgan Chase to gauge buyer interest.

Investments

Cyber MGA Stoïk raises $10.7 million

By Shefi Ben-Hutta ·

The MGA targets SMEs; offering up to €5 million in coverage.

Technology

Guy Carpenter enhances GC AdvantagePoint

By Coverager ·

GC AdvantagePoint is a catastrophe analytics platform.

Marketing

Helix announces new branding initiative

By Coverager ·

This rebranding initiative consolidates the varied offerings of Healix.

Marketing

Hiscox launches brand campaign

By Coverager ·

Beyond traditional advertising platforms, this campaign integrates outdoor promotional methods.

Business

Independence Pet Group to acquire Felix

By Avi Ben-Hutta ·

The transaction is subject to customary closing conditions.

Strategy

Direct Line launches new app

By Avi Ben-Hutta ·

The new venture is led by Phoebe Chibuzo Hugh.

Business

Everest Insurance launches dedicated US Wholesale and Programs Market Division

By Coverager ·

The Division comprises specialized wholesale segments, underwriters, and distribution teams.

Financials

Progressive ends August with 97.2% combined ratio

By Avi Ben-Hutta ·

The insurer ended the month with a net income of $148 million.

Business

Liberty Mutual expands global surety operation

By Avi Ben-Hutta ·

Liberty Mutual Surety announced an agreement to acquire the House of Guarantees.

Business

Insurify will soon offer pet insurance

By Avi Ben-Hutta ·

Beginning October 1, Insurify users will be able to get pet insurance quotes from multiple pet insurers.

Member News

With the Rise of AI in Insurance, the Human Element is More Important Than Ever

By AgentSync ·

Television and online ads would have you believe that the most popular way to buy insurance is instantly from a mobile device, without so much as talking to another human. However, perception isn’t always reality.

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Featured Jobs

Senior Executive Compensation Analyst

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AVP, P&C Climate Risk and Exposure Analytics

USAA

Production Underwriting Specialist

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Member News

6 Variations on Producer Licensing for Travel Lines

By AgentSync, AgentSync ·

A Cornucopia of Agentic AI Agents: Revolutionizing Industries One Task at a Time

By Robin Roberson, Agentech ·

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 ·

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