Company Archive

Coverager Data

Zurich Australia partnered with Crop Risk Underwriting Ventis Insurance partnered with Bravo Networks USI Insurance Services partnered with CNA Insurance GuardianPointe picks ZestyAI in Underwriting Hagerty partnered with Barrett-Jackson ING Group partnered with bolttech 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.

Business

Insuritas partners with IGS

By Gabriella Ben-Hutta ·

IGS’ Home Services coverage plan will be integrated within Insuritas’ BUNDLE platform.

Innovation

Aviva enhances exposure management

By Coverager ·

Since Aviva started using Orchestra, the portfolio roll-up process has been streamlined, with the time taken reduced by 60-70%.

Strategy

Mosaic restructures roles to drive agency growth

By Coverager ·

The reorganization demonstrates Mosaic’s evolution as a global agency.

Business

Kwik Fit expands access to car insurance

By Avi Ben-Hutta ·

Kwik Fit was established in 1971 and had over 600 service centers across the UK.

MassMutual terminates partnership with Aaptiv

By Shefi Ben-Hutta ·

The partnership with Aaptiv was announced in June 2019.

Business

AF Group reports cybersecurity incident

By Shefi Ben-Hutta ·

AF Group advises agents and customers to refer to the provided FAQs or contact their respective Business Development or Underwriting team members.

Product

SageSure closes $60 million county-weighted wind cover catastrophe bond

By Coverager ·

Issuance brings the SageSure-supported Gateway Re franchise to $1.2 billion in cat bond limit in two years.

Strategy

Prudential plc appoints new Group Chief Agency Officer

By Coverager ·

The goal is to increase agency new business profit by 2.5 to 3 times from the 2022 level by 2027.

Product

Otonomi launches air cargo delay insurance

By Coverager ·

This product offers coverage for freight delays of 3 hours.

Strategy

Sanlam acquires 60% stake in MultiChoice’s insurance business

By Gabriella Ben-Hutta ·

This partnership leverages Sanlam’s expertise and MultiChoice’s extensive reach and subscriber engagement.

Strategy

BatchService integrates titlegenius by Radian

By Coverager ·

BatchService is a real estate data and technology company.

Business

Allianz Trade partners with BPL

By Gabriella Ben-Hutta ·

BPL is a specialist credit and political risk insurance broker.

Business

Wrisk Europe establishes Advisory Board

By Gabriella Ben-Hutta ·

Wrisk is a provider of embedded insurance solutions for Automotive OEMs.

Business

Securian Financial launches surplus lines insurance company

By Gabriella Ben-Hutta ·

Securian Financial is a provider of insurance and other protection products to more than 6,000 financial institutions and associations in the US and Canada.

Financials

YuLife nearly doubles written premiums

By Avi Ben-Hutta ·

The London-based startup generated £76.6 million in written premiums.

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