Acquiree Archives

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USAA partnered with Trust & Will Wrisk partnered with Mazda Motor Europe K2 Insurance Services partnered with QBE North America Simply Business partnered with Allianz UK SkyWatch partnered with Bees360 Sedgwick picks Octo Telematics in Claims Verisk picks Truepic in Claims Marsh picks Kirontech in Claims Lockton picks VIPR in Admin EigenRisk picks Property Guardian in Underwriting Fairfax Financial Holdings raised $750M Chubb raised $574.2M Brown & Brown raised $500M Honeycomb Insurance raised $40M Digit Insurance raised $10.45M

Sedgwick launches AI-powered claims ecosystem

By Shefi Ben-Hutta

Sedgwick provides claims, loss adjusting, benefits administration, and product recall services to more than 10,000 clients in 80 countries through a workforce of over 33,000 employees.

Business

Nayya expands leadership team

By Coverager ·

This comes after recent venture financing from MetLife Ventures, ADP Ventures, and Workday Ventures.

Product

APIC seeks 45% rate increase in California

By Shefi Ben-Hutta ·

The proposed rate adjustment would increase total written premiums by $31.4 million.

Business

Ageas announces exclusive negotiations with Saga

By Coverager ·

Saga had ~1.4 million policies in force as of July 31, 2024.

Investments

OneClick Data raises $7.2 million

By Avi Ben-Hutta ·

The company now serves more than 1,300 customers including over 40 insurance carriers and suppliers.

Product

Homesite withdraws manufactured home product in Oregon

By Coverager ·

The Manufactured Home product was brokered through AEGIS General Insurance Agency.

Investments

Volt launches with $25 million capacity for power and renewable energy risks

By Coverager ·

Volt offers coverage for conventional power and renewable energy clients.

Strategy

SoFi expands loan platform with $2 billion agreement with Fortress Investment Group

By Coverager ·

The deal strengthens SoFi's loan platform.

Investments

Zinnia secures $300 million financing from Vista Credit Partners

By Coverager ·

Zinnia has also made headlines for its acquisitions of Breathe Life, Policygenius, and the life and annuity assets of Ebix.

Business

HEMIC receives Rating of “A” (Excellent) from AM Best – 2024

By Gabriella Ben-Hutta ·

HEMIC is the largest provider of workers’ compensation insurance in Hawaii and has maintained an “A” rating from AM Best every year since they were first rated in 2007.

Strategy

Toyota Insurance partners with Lemonade

By Shefi Ben-Hutta ·

Toyota aims to cross-sell home and renters insurance.

Member News

Millions of Animal Lovers Can Now Access Quality Pet Insurance via API-enabled Partnership Between Bindable and Pets Best

By Mary Clare Riordan ·

"With decades of experience and proven technology, we knew Bindable was the right partner to enhance our go-to-market strategy." - Pets Best CEO, Melissa Gutierrez.

Business

Tokio Marine HCC to launch US Excess Casualty business

By Coverager ·

TMHCC’s entry into this space will provide insureds new capacity as limit retrenchment continues amid challenging loss cost trends.

Product

Root seeks first-ever renters insurance rate increase in Tennessee

By Coverager ·

Most policyholders (about 415) will experience rate increases between 55% and 70%, with some seeing a maximum increase of 71.6%.

Financials

Progressive reports 93.4% CR for September

By Avi Ben-Hutta ·

Progressive generated net income of $584.6 million.

Business

Peter Reynolds appointed Group Chief Strategic Development Officer

By Coverager ·

Mr. Reynolds joins the company from Oliver Wyman.

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Featured Jobs

Go-To Market Manager, Ecosystem

USAA

General Manager - Product Strategy & Performance

Acuity Insurance

Senior Performance Marketing Specialist

Fortegra

Member News

Ivans Index May 2026 Results Released

By Michael Streit, Applied Systems ·

The Plaintiff Bar Brought AI to the Claim File. Carriers Should Arm the Adjuster.

By Yo Sub Kwon, Voltaire ·

Producerflow Launches Partner Portal to Modernize Carrier Collaboration with Distribution Partners

By Ido Deutsch, Producerflow ·

Why Cyber Insurance's "Fire Sale" Won't Last

By Zywave ·

Shadow Accounting in Insurance Compensation

By Vertafore ·

Sircon Compensation recognized for helping carriers turn agent compensation into a competitive advantage

By Vertafore ·

How Carriers Can Help AI Pilots Take Off

By Vertafore ·

Vertafore earns fourth consecutive Excellence in Customer Service Award

By Vertafore ·

The Last Mile of Claims: Why Correspondence is Structurally Harder Than Summarization

By Yo Sub Kwon, Voltaire ·

Applied Systems Honored with Four Stevie® Awards in 2026 American Business Awards®

By Taylor Rhodes, Applied Systems ·

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