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Hagerty partnered with Barrett-Jackson ING Group partnered with bolttech Protect My Let partnered with Addept Insurance Services Addept Insurance Services partnered with Salvation Army General Insurance Ageas UK partnered with Wrisk 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 AIG picks Poetic in Underwriting Elpha Secure picks Ketch in Risk Mitigation Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M Chubb raised $574.2M

Cleerly Mortgages selects Acre as CRM platform

By Shefi Ben-Hutta

Acre, which was acquired by ClearScore, has raised $14.6 million from investors including Aviva Ventures, Founders Factory, McPike Global Family Office, and Sesame Bankhall Group.

Strategy

Aviva reaches deal with Direct Line

By Coverager ·

Aviva has formalized the terms of its acquisition.

Strategy

Nexus Underwriting to acquire Arma Underwriting

By Coverager ·

The transaction is expected to close in the first quarter of 2025, subject to certain closing conditions.

Business

LWCC to acquire Prescient National

By Coverager ·

Prescient National will continue to operate as a separate business in Charlotte, North Carolina.

Investments

Rainier Partners invests in Welfare & Pension Administration Service

By Shefi Ben-Hutta ·

WPAS has a long-standing reputation for providing comprehensive trust administration services to Taft-Hartley multi-employer benefit plans.

Product

YAS and QBE launch “pay-as-you-sell” product liability insurance

By Coverager ·

This on-demand insurance dynamically adjusts monthly premiums to align with actual sales.

Marketing

Is The Hartford getting a makeover?

By Shefi Ben-Hutta ·

Based on the new trademark, it appears the company may be modernizing its brand with a new font and transitioning to lowercase lettering.

Business

Frontdoor acquires 2-10 Home Buyers Warranty

By Coverager ·

Frontdoor purchased 2-10 Home Buyers Warranty in an all-cash transaction for $585 million.

Business

Yurconic Agency acquires WR Sims Agency

By Gabriella Ben-Hutta ·

This acquisition marks Yurconic’s 9th overall and 5th in 17 months, expanding its footprint to 17 locations.

Business

Wrisk appoints Sebastian Hartmann as European director of business development

By Coverager ·

In his new role, Hartmann will focus on expanding Wrisk’s automotive financial services client base across Europe.

Strategy

CCC Intelligent Solutions to acquire EvolutionIQ

By Coverager ·

The deal – expected to close in Q1 2025 – is valued at $730 million.

Innovation

Waymo releases new study with Swiss Re

By Coverager ·

According to the company, the study demonstrates that the Waymo Driver significantly outperforms both the overall driving population and the latest generation of human-driven vehicles equipped with advanced driver assistance systems.

Business

W. R. Berkley Corporation establishes branch office of Berkley Insurance Company in India

By Coverager ·

Unnati Bajpai has been named chief executive officer.

Marketing

Zurich Australia extends partnership with Wests Tigers

By Coverager ·

The partnership started in 2022.

Business

Aon partners with Fathom

By Coverager ·

Fathom provides water risk intelligence and flood models.

Business

Chime to go public

By Avi Ben-Hutta ·

According to reports, Chime has about 7 million active users.

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