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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

Layoffs at Clearcover

By Avi Ben-Hutta ·

The startup made cuts that impacted 15% of the workforce.

Investments

Aviva commits additional £150 million to Aviva Ventures

By Avi Ben-Hutta ·

Aviva is also announcing the new fund’s first investment.

Financials

Porch Group announces $333 million convertible notes financing

By Coverager ·

The New Notes offering and Existing Notes repurchase are expected to close concurrently on April 20, 2023.

Business

Everspan partners with Ledgebrook

By Coverager ·

Coverage will be distributed through wholesale brokers.

Strategy

Vivint backs down on MGA plans

By Shefi Ben-Hutta ·

Vivint is moving to a partnership model.

Layoffs at Kemper II

By Shefi Ben-Hutta ·

We reached out to Kemper for a comment.

Business

belairdirect launches fuel efficiency feature

By Avi Ben-Hutta ·

The feature shows drivers their average savings on gas over 30 days.

Investments

Corvus to deliver expansion of Excess Tech E&O and cyber product

By Coverager ·

This program provides up to $5 million in coverage for companies with revenues up to $500 million.

Strategy

Policygenius is seeking a buyer

By Shefi Ben-Hutta ·

According to our sources, Policygenius is seeking a buyer and is in late stages of sealing a deal.

Business

Kanguro launches pet insurance

By Avi Ben-Hutta ·

The startup claims that it already sold 1,000 policies.

Business

Ornikar partners with Wakam

By Avi Ben-Hutta ·

Ornikar operates a driving school marketplace.

Business

The Hanover launches cyber risk management program

By Avi Ben-Hutta ·

The solutions are delivered through strategic partnerships and are offered at no charge or at a discount.

Investments

Altruist raises $112 million

By Avi Ben-Hutta ·

Altruist’s new funding adds to a previously undisclosed $110 million series C raised in November.

Investments

MassMutual announces additional $100 million fund

By Coverager ·

Since 2021, the MM Catalyst Fund has invested in 16 businesses across Massachusetts.

Strategy

Canada Life acquires Investment Planning Counsel

By Coverager ·

This acquisition extends Canada Life’s wealth management reach and capabilities.

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