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Descartes Underwriting picks NextPower in Risk Mitigation Petshop Science partnered with OUTsurance Liberty Mutual picks ICEYE in Claims Foyer Group picks Tractable in Claims Zurich Australia partnered with Crop Risk Underwriting Ventis Insurance partnered with Bravo Networks USI Insurance Services partnered with CNA Insurance GuardianPointe picks ZestyAI in Underwriting Hagerty partnered with Barrett-Jackson Ameriprise Financial raised $750M Cleerly Mortgages picks Acre in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M

An 84-year reign came to an end, and more

By Shefi Ben-Hutta

May 2026 was a month of endings. An 84-year reign. A California market that keeps getting smaller. A workforce reduction attributed, plainly, to AI.

Business

Kin to launch a car insurance offering

By Avi Ben-Hutta ·

Earlier this month we reported that Kin is getting into the mortgage space.

Member News

Kyber Achieves SOC 2 Type II Certification: A Milestone for Enterprise-Grade Compliance

By Kyber ·

Kyber has achieved SOC 2 Type II certification, reinforcing its commitment to enterprise-grade security. This milestone validates Kyber’s ability to protect sensitive claims data with continuous monitoring and role-based access controls.

Strategy

American National to exit life insurance

By Avi Ben-Hutta ·

In 2021, Brookfield Reinsurance announced a $5.1 billion deal to acquire the carrier.

Business

Nayya partners with Mercer

By Coverager ·

Nayya’s AI-driven platform simplifies the benefits enrollment process.

Investments

Xceedance invests in Friendly

By Shefi Ben-Hutta ·

Friendly’s platform turns medical and third-party data into structured insights.

Investments

BRIE to raise $110 million of surplus financing

By Coverager ·

BRIE will focus on providing capacity for Baldwin’s builder-sourced homeowners book of business.

Business

U.S. Bank personal loans now available through State Farm

By Coverager ·

The opportunity to offer U.S. Bank personal loans will be available to all State Farm agents.

Innovation

Waymo to launch in Washington, D.C.

By Coverager ·

The company plans to launch in D.C. in 2026.

Investments

Guidewire to acquire Quantee

By Shefi Ben-Hutta ·

Quantee raised $1.92M and serves clients including ERGO, Zurich, Cuvva, and Agria Pet.

Investments

Arlo raises $4 million to expand small business health plans

By Shefi Ben-Hutta ·

Nationwide is a partner.

Business

Envest acquires Wealth Architects

By Shefi Ben-Hutta ·

The deal adds a fourth area of focus for Envest, alongside its existing work in authorised representative networks, broking, and underwriting agencies.

Investments

Clal Insurance invests $10.5 million in Beyond Oil

By Coverager ·

Beyond Oil offers a patented solution to extend frying oil life, reduce harmful compounds, and cut costs for food service operators.

Business

Simply Business partners with London Underwriters Partnership

By Coverager ·

London Underwriters is a national wholesale insurance brokerage specializing in insurtech distribution.

Business

HDI Embedded partners with Hepster

By Coverager ·

Hepster will be able to diversify its product portfolio and upgrade its pet insurance offerings.

Financials

Ategrity Specialty files for IPO

By Coverager ·

Ategrity Specialty and Ategrity Ltd both have a financial strength rating of “A-” (Excellent) from A.M. Best.

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Member News

ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernisation to Middle East, Africa, and India

By InsureMO, InsureMO ·

Buying Claims AI Is the Easy Part. This is How Two Claims Organizations are Making It Stick.

By Yo Sub Kwon, Voltaire ·

Zywave Announces 2026 Cyber Risk Award Winners

By Zywave ·

What Happens When Insurance Carrier Experts Retire?

By Vertafore ·

What 6,000 Insurance Leaders Were Actually Whispering About at Insurtech Insights USA

By Justin Jaksha, ePayPolicy ·

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 ·

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