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Direct Line rejects £3.3 billion bid from Aviva

By Avi Ben-Hutta

Direct Line confirmed it received the unsolicited and conditional offer on November 19.

Business

EMPLOYERS integrates with Dyad’s ACE-HUB

By Coverager ·

Dyad's ACE-HUB is a cloud-based single connection point for multi-carrier data exchange.

Financials

Palomar announces pricing of public offering of common stock

By Gabriella Ben-Hutta ·

Founded in 2014, Palomar offers customized specialty insurance solutions for homes and businesses in the face of earthquakes, hurricanes and floods.

Business

Vehicle subscription startup Autonomy pivots

By Avi Ben-Hutta ·

ADS has secured $2.5 million in new funding and completed a $32 million debt-for-equity swap.

Innovation

Hiscox goes live with generative AI

By Coverager ·

The new underwriting model enables Hiscox’s sabotage and terrorism line of business to significantly reduce the time taken from the submission of a risk through to the quote stage.

Marketing

Insgroup rebrands as The Baldwin Group

By Coverager ·

Insgroup’s colleagues will remain in their current locations.

Business

IMG welcomes Susan Yates as chief customer officer

By Coverager ·

Yates joins the IMG team with more than 25 years of experience in the insurance and global assistance industries.

Technology

Arden Insurance Services selects Green Shield’s wildfire analytics

By Gabriella Ben-Hutta ·

Arden focuses on residential condominium associations.

Financials

Highlights from Hiscox’s Q2’24 earnings call

By Shefi Ben-Hutta ·

Hiscox spent $50 million on marketing in the first half of the year, a more than 30% increase compared to last year.

Business

Abacus Life to acquire FCF Advisors

By Shefi Ben-Hutta ·

The transaction is expected to close in the fourth quarter of 2024.

Investments

Redbud VC invests in auto warranty startup

By Coverager ·

The flagship product, Fair Protect, covers essential systems in vehicles from 2014 and newer.

Marketing

Amica to become new jersey patch partner for 18-time champion Boston Celtics

By Coverager ·

Partnership to launch in 2024-25 season and will include community initiative focused on early childhood education.

Investments

Cresso Health launches to support health insurance distributors

By Gabriella Ben-Hutta ·

Cresso is backed by Cypress Ridge Capital, a growth equity firm focused exclusively on healthcare.

Investments

Insurer-backed Levitate raises $15 million

By Gabriella Ben-Hutta ·

Levitate's Series D funding round was led by Harbert Growth Partners, Northwestern Mutual Future Ventures and Bull City Venture Partners.

Strategy

Houlihan Lokey pulls the lever on Waller Helms Acquisition

By Gabriella Ben-Hutta ·

The newly combined group is now ranked as the No. 1 advisor for global M&A transactions in 2023 across the insurance, asset management (including wealth management), and financial services sectors (excluding depositories).

Marketing

CAC Group rebrands

By Coverager ·

CAC Group's brand relaunch unifies its three business units—CAC Specialty, CAC Agency, and CAC Capital—under a new identity to celebrate its five-year anniversary.

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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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