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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

Dayforward has a new offering

By Avi Ben-Hutta ·

The startup raised $45 million.

Investments

AutoComplete raises capital

By Avi Ben-Hutta ·

AutoComplete is led by Ahmed Khaishgi.

Business

Geo Underwriting to acquire Navigators & General

By Coverager ·

Navigators & General is a brand of Zurich UK.

Business

Hagerty hires former Amazon executive

By Coverager ·

McMullan’s focus will be driving the profitable growth of Hagerty’s Digital Marketplace business.

Financials

GEICO ends Q2 with $1.78 billion profit

By Avi Ben-Hutta ·

GEICO’s loss ratio was 74.1% in the second quarter.

Strategy

SanlamAllianz announces merger and brand launch in Ghana

By Coverager ·

A new milestone.

Business

Ryan Specialty to acquire US Assure

By Coverager ·

The acquisition is expected to close during the third quarter of 2024, subject to customary closing conditions.

Member News

Georgia Department of Transportation Launches Safe Driving App “Reach Home Safely”

By Cambridge Mobile Telematics ·

The app, powered by Cambridge Mobile Telematics, rewards fans for safe driving behaviors on the road August 1, 2024, ATLANTA, GA – The Georgia Department of Transportation (Georgia DOT) and Cambridge...

Member News

State Farm’s Drive Safe and Save: 30% Lower Rates

By Melanie Musson ·

Clearsurance.com recently released a report on State Farm’s usage-based insurance program, Drive Safe & Save. They discovered that policyholders who opt into this program could save as much as 30% on their monthly premiums.

Business

AXA to acquire Nobis Group

By Coverager ·

The upfront consideration for the acquisition will amount to €423 million.

Business

AXA Venture Partners’ leadership team acquires AXA’s stake in AVP

By Coverager ·

Following this transaction, AVP will change its name.

Business

AXA to sell AXA Investment Managers to BNP Paribas

By Coverager ·

AXA has entered into an exclusive negotiation to sell its asset manager AXA Investment Managers to BNP Paribas.

Business

Renaissance partners with Ansel

By Coverager ·

The new offering enables "quick and easy" benefit payouts to members when one of 13,000 covered conditions is diagnosed.

Business

Ryan Specialty and MagMutual announce exclusive relationship

By Coverager ·

Sapphire Blue will become MagMutual’s exclusive underwriter for policyholders outside the traditional physician and hospital model.

Business

AXA XL partners with U.S. Marine Insurance Group

By Coverager ·

AXA XL and U.S. MIG will provide protection against a wide range of risks.

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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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