Company Archive

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Hagerty partnered with Barrett-Jackson ING Group partnered with bolttech Protect My Let partnered with Addept Insurance Services Addept Insurance Services partnered with Salvation Army General Insurance Ageas UK partnered with Wrisk Cleerly Mortgages picks Acre in Admin Leavitt Group picks FurtherAI in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M KOBAN SÜDVERS picks CyberCube in Risk Mitigation AIG picks Poetic in Underwriting Elpha Secure picks Ketch in Risk Mitigation Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M Chubb raised $574.2M

Cleerly Mortgages selects Acre as CRM platform

By Shefi Ben-Hutta

Acre, which was acquired by ClearScore, has raised $14.6 million from investors including Aviva Ventures, Founders Factory, McPike Global Family Office, and Sesame Bankhall Group.

Business

Aon to acquire insurance agency of Mitsubishi Chemical Group

By Coverager ·

The firms will continue to operate independently until the transaction is completed, which is expected in early 2025.

Investments

Range raises $28 million

By Coverager ·

Range offers a wealth management platform.

Product

Hamilton Re expands Into Credit, Bond and Political Risk Reinsurance

By Coverager ·

The company has appointed Sergio Lottimore to the role of Vice President, Credit, Bond and Political Risk Reinsurance.

Investments

Abacus Life closes $100 million public offering

By Coverager ·

Abacus Life is the only life settlement company that's publicly traded.

Investments

MoneyLion secures $70 million loan facility

By Coverager ·

Progressive is a client.

Investments

Getty Realty closes $125 million private placement of senior unsecured notes

By Coverager ·

The financing helps Getty manage its upcoming debt payments and fund future investments.

Technology

Ondo Insurtech partners with Indiana Farm Bureau Insurance

By Shefi Ben-Hutta ·

The agreement aims to deploy LeakBot in at least 10,000 homes over the next year, with a minimum term of two years.

Business

Bishop Street Underwriters to scquire Landmark Underwriting

By Coverager ·

The acquisition is subject to United Kingdom’s Financial Conduct Authority regulatory approval.

Financials

Branch Insurance Exchange reports Q3 2024 results

By Avi Ben-Hutta ·

The reciprocal reported a net underwriting loss of $50.7 million for the nine months of the year.

Business

Sony Financial Group to acquire justInCase

By Avi Ben-Hutta ·

The startup publicly disclosed ~$11 million in funding.

Innovation

Swiss startup Poncho raises $617k

By Coverager ·

Poncho offers a weather guarantee solution for businesses.

Technology

Canara HSBC Life launches OmniGen AI

By Coverager ·

OmniGen AI analyzes underwriting guidelines, risk profiles, and risk model outputs.

Business

Alliant launches Government Contractors focused segment

By Coverager ·

The segment will be led by Bryan Salek and Angela Kirby.

Innovation

John Hancock offers latest Apple watch models through Vitality program

By Coverager ·

Vitality PLUS members can earn an Apple Watch starting at $25.

Strategy

Prudential Advisors integrates with LPL Financial

By Coverager ·

The transition included onboarding $25 billion in assets to LPL’s platform.

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