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Petshop Science partnered with OUTsurance 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 Leavitt Group picks FurtherAI in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M KOBAN SÜDVERS picks CyberCube in Risk Mitigation 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.

Financials

Hannover Re reports strong 2024 financial results

By Coverager ·

Guidance for 2025 confirmed: Group net income of around EUR 2.4 billion.

Strategy

Fortitude Re strikes $3.4 billion reinsurance deal with Unum

By Coverager ·

Unum will continue to service and administer the reinsured policies.

Technology

FIS launches Treasury GPT

By Coverager ·

The tool was developed in collaboration with Microsoft Azure OpenAI Service.

Strategy

Nassau County renews partnership with Empower

By Coverager ·

The new five-year contract commenced Jan. 1, 2025, and is in effect until Dec. 31, 2029.

Investments

American European Insurance Group files $7 million SEC Form D

By Coverager ·

AEIG offers a range of commercial and personal insurance products.

Business

Chubb creates new North America Small & Lower Midmarket division

By Coverager ·

Rob Poliseno has been appointed Division President, Small & Lower Midmarket.

Business

NJM Announces the Retirement of President & CEO Mitch Livingston

By Coverager ·

Carol Voorhees, NJM’s Executive Vice President & Chief Operating Officer, has been selected by the company’s Board of Directors to succeed Livingston.

Investments

Norm Ai raises $48 million

By Coverager ·

New York Life Ventures participated in the round.

Business

Venbrook partners with Crum & Forster

By Coverager ·

Venbrook also announced the launch of the company's first International Travel practice.

Investments

Assurant Ventures invests in Automotive Ventures’ Mobility Fund II

By Coverager ·

The Automotive Ventures Mobility Fund II is the firm’s third fund.

Member News

Vitesse and Five Sigma Partner to Expedite Payments and Enhance Customer Experience in Insurance Claims

By Oded Barak ·

Vitesse and Five Sigma partner to accelerate insurance claims payouts by integrating AI claims management with real-time payments. This enables insurers, MGAs, and TPAs to reduce cycle times and enhance policyholder experience.

Business

Fairfax announces CFO transition and new leadership roles

By Coverager ·

Sherk most recently served as CFO of Fairfax India Holdings.

Business

Erie names Amy Howard-Mohr VP and branch manager in Allentown

By Coverager ·

Howard-Mohr began her insurance career as a senior personal lines underwriter at Nationwide Insurance.

Business

Equitable reshapes leadership

By Coverager ·

Donna Carbell has been appointed Executive Vice President, Chief Strategy and Impact Officer.

Business

Equisoft sells Altus Consulting to Accenture

By Coverager ·

The sale does not affect existing services.

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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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