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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.

Financials

Farmers prices $300 million 7% surplus notes due 2064

By Coverager ·

These notes will pay 7% interest per year starting October 9, 2024.

Business

Ageas strengthens broker and partner distribution team

By Gabriella Ben-Hutta ·

Iain Belson appointed as Director of Distribution, while Beth Pilgrim joins as Strategic Portfolio Manager.

Business

Ford launches commercial auto coverage in Pennsylvania

By Avi Ben-Hutta ·

Ford Pro Insure is currently available in eight states.

Business

TransUnion partners with MoneyLion

By Gabriella Ben-Hutta ·

MoneyLion will utilize TransUnion’s data and credit solutions as part of its hosted credit-decisioning platform and consumer finance experiences.

Investments

Stream raises $5.3 million

By Avi Ben-Hutta ·

Stream’s platform helps clients process medical records and extract insights.

Business

Enstar completes loss portfolio transfer with SiriusPoint

By Gabriella Ben-Hutta ·

SiriusPoint will cede net reserves of approximately $400 million, and Enstar’s subsidiary will provide approximately $200 million of cover in excess of the ceded reserves, with claims management transferring to Enstar.

Strategy

Brit expands private client team with key hires in HNW market

By Coverager ·

Chris Lewis, with over 25 years of insurance market experience, has been appointed Business Development Manager.

Product

Paratus Group receives approval to offer insurance for renewable energy

By Shefi Ben-Hutta ·

Paratus already helps businesses like airlines and shipping companies manage risks.

Member News

Vertafore recognized by InsurTech100 & PropertyCasualty360 Insurance Luminaries

By Vertafore ·

InsurTech leader honored for simplifying and automating the insurance lifecycle

Business

Guardian launches GuardianWell

By Coverager ·

GuardianWell is a new digital well-being hub for Group Benefits members.

Business

Fidelity acquires First Nationwide Title Agency

By Coverager ·

Terms of the deal were not disclosed.

Member News

Herald Launches Certified Partner Program to Enhance Commercial Insurance Connectivity

By Herald ·

Herald has announced the launch of its Certified Partner Program, aimed at enhancing commercial insurance connectivity by partnering with technology platforms and service providers.

Business

Hub International acquires WestStar Insurance Agency

By Coverager ·

WestStar Insurance Agency is owned by WestStar Bank.

Business

Synchrony introduces new pet insurance reimbursement process

By Coverager ·

The company has partnered with Pets Best.

Marketing

Embroker rebrands

By Coverager ·

Embroker is a tech-driven MGA and insurer specializing in small business insurance solutions.

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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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