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Accelerant partnered with WoodStar Reciprocal Exchange AmTrust Financial partnered with Samsung Electronics Great American Insurance Group partnered with Coefficient Underwriters Marsh partnered with Allianz Commercial Kinro.ai partnered with ERGO Next Insurance PolicyStreet raised $5M Allstate picks IBM in Underwriting Crestwell Underwriters picks Convr in Underwriting PEMCO picks Moen in Risk Mitigation Ember Mutuals picks Kyber in Claims Kinetic Insurance Services picks Quotech in Underwriting Adaptive Insurance raised $5M Data Science Wizards raised $5M Wefox raised $7.97M SageSure raised $460M

Farmers introduces simpler coverage tools and refreshed brand

By Shefi Ben-Hutta

Coverager first reported on Farmers Coverage on a Page in May, following the insurer’s trademark application for the offering.

Investments

Tenet raises $10 million

By Avi Ben-Hutta ·

Tenet offers EV-specific auto loans.

Business

Brookfield Reinsurance completes acquisition of Argo Group

By Coverager ·

Jessica Snyder will assume the role of chief executive officer of Argo.

Member News

Unlocking the Future: Remote Work’s Impact on the Insurance Industry

By AgentSync ·

New research shows the status of remote work mid-2023. What benefits could the insurance industry see?

Technology

AXA XL launches solution to evaluate and manage water risks

By Coverager ·

The tool is called WISE, which stands for Water Impact and Sustainability Evaluation.

Investments

Happy Money announces new funding

By Avi Ben-Hutta ·

TruStage Ventures leads strategic transaction.

Financials

Hamilton announces closing of IPO

By Coverager ·

The company raised ~$80 million.

Innovation

Roost partners with USAA

By Coverager ·

USAA will be offering the complete Roost Security360 Solution to its 13 million members across the nation.

Financials

Heritage Insurance reports Q3’23 financial results

By Shefi Ben-Hutta ·

CEO Ernie Garateix noted a slight decrease in litigation in Florida.

Financials

HCI Group reports Q3’23 financial results

By Shefi Ben-Hutta ·

HCI is currently forming a new reciprocal carrier in Florida.

Financials

Amwins completes $1 billion recapitalization transaction

By Coverager ·

The transaction marks a continuation of Amwins' philosophy of long-term employee and institutional ownership.

Investments

Entrio extends funding round to $11 million

By Avi Ben-Hutta ·

American Family Ventures participated in the round.

Innovation

Chubb Studio expands digital integration capabilities

By Coverager ·

Chubb Studio is Chubb's embedded insurance platform.

Business

Marsh appoints John Donnelly as Global Head of Placement

By Coverager ·

Mr. Donnelly will relocate to London from Sydney and report to Pat Donnelly, President, Marsh Specialty and Global Placement.

Business

Manulife cuts 250 wealth and asset management jobs

By Avi Ben-Hutta ·

The cuts are across the US, Canada, UK and Asia.

Strategy

Michelle Bryer appointed SVP, Chief Operations Officer

By Coverager ·

Prior to joining Combined in 2021, Bryer led several claims operations while at Unum Insurance Company for more than 20 years, most recently leading its life and LTC claim operations.

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Great American Insurance Group

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Member News

Dearborn Labs Announces Launchpad, an AI Insurance Accelerator That Funds and Builds AI Infrastructure for MGAs

By Alec Martins, Clearcover ·

Regulators Don’t Want an AI Policy. They Want Receipts.

By Yo Sub Kwon, Voltaire ·

3 technology must-haves to build distribution velocity

By Vertafore ·

HomeBinder, InspectionGo's Homeownership Solution, Launches Home Insurance Shopping

By Mary Clare Riordan, Bindable ·

Applied Announces Submissionless Commercial Insurance Experience with Travelers as First Anchor Carrier Partner

By Michael Streit, Applied Systems ·

Vertafore introduces Velocity AI Submission Processing Agent to help MGAs move from submission to decision faster

By Vertafore ·

Zywave Launches Zywave Apex™, the First Growth-Focused AI Platform Purpose-Built for Insurance Distribution

By Zywave ·

L+M Development Partners Goes Live with Five Sigma's AI-Native Claims Platform and Clive™

By Oded Barak, Five Sigma ·

Zywave CEO Martin Simoncic: Why Insurance Needs a Different Conversation around AI

By Zywave ·

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