Company Archive

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GuardianPointe picks ZestyAI in Underwriting Zurich Australia partnered with Crop Risk Underwriting 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 Ameriprise Financial raised $750M 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 Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M

Consumer fintech Current raises $80 million

By Shefi Ben-Hutta

Current also expanded its partnership with Cross River.

Technology

Amazon to buy Perceive for $80 million

By Gabriella Ben-Hutta ·

Perceive creates tools and solutions that allow data processing and AI tasks to be performed directly on devices ("at the edge") rather than relying on remote cloud servers.

Strategy

Kroll expands AI risk consulting services

By Gabriella Ben-Hutta ·

Rice is joining Kroll’s Cyber Risk team.

Business

AM Best upgrades credit ratings of Core Specialty subsidiaries

By Gabriella Ben-Hutta ·

Core Specialty is a provider of property, casualty, and marine insurance products for SME.

Innovation

Dai-ichi partners with Microsoft

By Coverager ·

The companies have entered into a multi-year strategic global partnership.

Financials

Prudential reports Q2’24 earnings

By Shefi Ben-Hutta ·

Prudential reported nearly $22 billion in retirement strategy sales in the first half of the year, a 67% increase from the prior year.

Product

Marsh launches port blockage insurance

By Coverager ·

This coverage, available as standalone or as an addition to existing insurance, was created in response to disruptions at the Port of Baltimore.

Product

Group Enroll partners with GreenShield

By Gabriella Ben-Hutta ·

Group Enroll will launch 6 new digital group benefits plans underwritten by GreenShield.

Business

Aon’s White Rock sues China Construction Bank over fraud linked to Vesttoo

By Shefi Ben-Hutta ·

According to White Rock, the fraud could not have succeeded without CCB's involvement, and the company is seeking damages exceeding $140 million.

Technology

Life360 expands partnership with Arity, pursues Credit Karma’s insurance strategy

By Shefi Ben-Hutta ·

Life360 is a location-sharing and safety platform designed primarily for families.

Business

Flowcode partners with REIN

By Gabriella Ben-Hutta ·

Flowcode and REIN are partnering to streamline insurance purchases by making it easier to secure a quote and find coverage.

Business

IAT Insurance Group selects CLARA Analytics Claims DocIntel Pro

By Coverager ·

IAT will leverage the solution to review legal demands and medical records for its auto and general liability claims.

Business

Roper Technologies acquires Transact Campus

By Shefi Ben-Hutta ·

Roper previously acquired Vertafore in 2020 for $5.35 billion.

Business

Two Sigma announces leadership changes

By Coverager ·

John Overdeck and David Siegel will step down as Co-Chief Executive Officers.

Financials

Admiral grows customer base to over 10 million

By Shefi Ben-Hutta ·

The performance is attributed to a competitive stance in the UK market, with a record 5.5 million vehicles insured.

Business

GM Insurance launches in Georgia

By Avi Ben-Hutta ·

Coverage is now available in eight states.

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