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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

Coalition introduces Coalition Re

By Coverager ·

Coalition Re provides capacity for non-proportional cyber reinsurance treaties.

Strategy

As temperatures rise, 89,500 commercial conversions could become uninhabitable

By Coverager ·

Zurich UK cautions appetite for converting commercial buildings into residential homes as subpar conversions may not be climate futureproof.

Strategy

Zurich Canada launches apprentice program with Seneca Polytechnic

By Coverager ·

The Zurich Apprenticeship Program provides candidates with a fully-funded enrollment in the Business – Insurance diploma program at Seneca Polytechnic.

Technology

SoundHound AI acquires Amelia

By Shefi Ben-Hutta ·

SoundHound AI is backed by Sompo Holdings.

Investments

Oyster raises $59 million

By Gabriella Ben-Hutta ·

Oyster is a payroll and HR platform that specializes in distributed workforces.

Product

American National named a Barron’s Top 100 Annuity

By Coverager ·

American National is a provider of annuities, life insurance, retirement solutions, and P&C products.

Innovation

A-G Specialty Insurance acquires Bollinger TPA Services

By Coverager ·

Gallagher had originally acquired Bollinger TPA Services in 2014.

Strategy

Zurich Australia appoints Chief Risk Officer

By Coverager ·

Wainwright will succeed Jaimie Sach, who is retiring after serving as Chief Risk Officer at Zurich since 2019 and a distinguished 30-year career in the wealth industry.

Investments

MSI invests in Asian health insurance MGA

By Coverager ·

MSI is the largest non-life insurance group in the ASEAN region by gross written premiums and has identified health insurance as a key area for growth.

Product

Travelers Canada introduces OPTIMA® Home

By Gabriella Ben-Hutta ·

New property insurance product available for homeowners, tenants, condominium and landlord policies in Ontario and Western Canada

Strategy

Tune Protect focuses on travel segment

By Coverager ·

The company also plans to introduce new, targeted insurance products.

Technology

Gridspace enhances AI voice agent Grace

By Shefi Ben-Hutta ·

USAA is an investor.

Investments

Modern health benefits startup Thatch raises $38 million

By Shefi Ben-Hutta ·

This brings Thatch's total funding to $44 million.

Investments

The Demex Group raises $10.25 million

By Shefi Ben-Hutta ·

Demex delivers parametric reinsurance solution for losses due to severe convective storms.

Business

Moody’s acquires Praedicat

By Coverager ·

The terms of the transaction were not disclosed.

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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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