Venture Capital Archives

Coverager Data

SimplyIOA partnered with Obsidian Insurance Holdings Semsee partnered with Utica First Insurance Company The Hartford partnered with Coalition bolt partnered with Salesforce DoorLoop partnered with Lemonade Rollo Insurance Group picks SALT Insure in Sales The Hartford picks Empathy in Claims RMA picks Quotey in Sales Root Insurance raised $150M Marsh McLennan raised $7.25B Security Benefit raised $650M Authentic Insurance uses Artificial Intelligence in Sales Draivn picks Bluewire in Risk Mitigation HOMEE raised $12M Native Broking raised $2.6M

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta

In-force premium reached $889 million.

Financials

Farmers prices $300 million 7% surplus notes due 2064

By Coverager ·

These notes will pay 7% interest per year starting October 9, 2024.

Business

Ageas strengthens broker and partner distribution team

By Gabriella Ben-Hutta ·

Iain Belson appointed as Director of Distribution, while Beth Pilgrim joins as Strategic Portfolio Manager.

Business

Ford launches commercial auto coverage in Pennsylvania

By Avi Ben-Hutta ·

Ford Pro Insure is currently available in eight states.

Business

TransUnion partners with MoneyLion

By Gabriella Ben-Hutta ·

MoneyLion will utilize TransUnion’s data and credit solutions as part of its hosted credit-decisioning platform and consumer finance experiences.

Investments

Stream raises $5.3 million

By Avi Ben-Hutta ·

Stream’s platform helps clients process medical records and extract insights.

Business

Enstar completes loss portfolio transfer with SiriusPoint

By Gabriella Ben-Hutta ·

SiriusPoint will cede net reserves of approximately $400 million, and Enstar’s subsidiary will provide approximately $200 million of cover in excess of the ceded reserves, with claims management transferring to Enstar.

Strategy

Brit expands private client team with key hires in HNW market

By Coverager ·

Chris Lewis, with over 25 years of insurance market experience, has been appointed Business Development Manager.

Product

Paratus Group receives approval to offer insurance for renewable energy

By Shefi Ben-Hutta ·

Paratus already helps businesses like airlines and shipping companies manage risks.

Member News

Vertafore recognized by InsurTech100 & PropertyCasualty360 Insurance Luminaries

By Vertafore ·

InsurTech leader honored for simplifying and automating the insurance lifecycle

Business

Guardian launches GuardianWell

By Coverager ·

GuardianWell is a new digital well-being hub for Group Benefits members.

Business

Fidelity acquires First Nationwide Title Agency

By Coverager ·

Terms of the deal were not disclosed.

Member News

Herald Launches Certified Partner Program to Enhance Commercial Insurance Connectivity

By Herald ·

Herald has announced the launch of its Certified Partner Program, aimed at enhancing commercial insurance connectivity by partnering with technology platforms and service providers.

Business

Hub International acquires WestStar Insurance Agency

By Coverager ·

WestStar Insurance Agency is owned by WestStar Bank.

Business

Synchrony introduces new pet insurance reimbursement process

By Coverager ·

The company has partnered with Pets Best.

Marketing

Embroker rebrands

By Coverager ·

Embroker is a tech-driven MGA and insurer specializing in small business insurance solutions.

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Member News

Haunting Claims Inefficiencies? Discover How Agentic AI and LLMs Can Actually Transform the Claims Process.

By Robin Roberson, Agentech ·

Bindable Unveils a Simplified Solution for Organizations Interested in Launching an Independent P&C Insurance Agency

By Mary Clare Riordan, Bindable ·

5 Pitfalls to Effective Insurance Compliance Vendor RFPs and How to Address Them

By AgentSync, AgentSync ·

SILA’s newest president talks leadership, trends, and more

By Vertafore ·

Insurtech's Meal Deal: 5 Solutions for 5 Challenges Served with a Side of Agentic AI

By Robin Roberson, Agentech ·

Sircon Compensation empowers carriers to fuel growth and build stronger relationships with independent agents

By Vertafore ·

Safety Versus Risk Management with Daniel Ruiz of SC Builders

By John Fohr, TrustLayer ·

7 Ways Carriers Can Leverage Compliance Data for Business Opportunities

By AgentSync, AgentSync ·

Bold Penguin Joins HawkSoft's Solution Partner Program

By HawkSoft, HawkSoft ·

Cambridge Mobile Telematics Announces Enhanced Driver Experiences, Crash Capabilities, and Developer Tools

By Cambridge Mobile Telematics, Cambridge Mobile Telematics ·

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