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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.

Business

Sompo International Global Reinsurance expands into Canada and adds new A&H product in NA

By Coverager ·

Sompo International announced the appointment of Apundeep Lamba as head of Reinsurance, Canada.

Business

Brown & Brown promotes Mike Bruce to CEO of Brown & Brown Europe

By Coverager ·

In this new capacity, Mike is tasked with steering Brown & Brown's overarching strategy in Europe.

Business

Integrity Life to cease writing policies

By Avi Ben-Hutta ·

Integrity Life was launched in 2018 and it acquired QBE Life from QBE Australia for $21.7 million.

Investments

KKR increases investment in USI

By Avi Ben-Hutta ·

The transaction is expected to be completed by the end of 2023.

Business

Lucy Fato to assume role of Vice Chair at AIG

By Coverager ·

Lucy joined AIG in 2017.

Business

Hippo has made a significant decision impacting agent commission

By Shefi Ben-Hutta ·

Sharing intel on Hippo's new commission structure.

Business

Sanlam and Allianz to provide insurance and financial services in 27 African markets

By Gabriella Ben-Hutta ·

The joint venture is called SanlamAllianz.

Investments

Tradeteq raises $12.5 million

By Avi Ben-Hutta ·

MS&AD Ventures led the round.

Business

Cios wants to give renters flexibility

By Avi Ben-Hutta ·

The Fargo, ND-based startup is planning to launch next year.

Investments

Jetty raises $2 million

By Coverager ·

The details of this investment were not disclosed.

Marketing

CAC Group names Douglas Turk as chief marketing officer

By Coverager ·

Turk will be responsible for the development and implementation of CAC Group’s global marketing strategy across all business units and regions.

Financials

Hamilton Insurance Group confidentially files for US IPO

By Coverager ·

The number of common shares to be offered and the price range for the proposed offering have not yet been determined.

Business

Matic partners with Dart Bank

By Coverager ·

As of 2022, Dart Bank had $928 million in assets.

Business

Prudential and Warburg Pincus announce launch of Prismic Life Re

By Coverager ·

Prudential expects Prismic will allow the company to provide more people with access to its life and annuity products.

Innovation

OneAdvent completes Management Buyout

By Coverager ·

OneAdvent is a specialist MGA and broker services platform.

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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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