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Guardian partnered with XP Health Shepherd partnered with Intact Financial Corporation Nibbles Pet Health partnered with Physicians Mutual Sharp Insurance picks Rival Insurance Technology in Sales CoverForce Inc partnered with USLI Morrisons partnered with Accredited Insurance Prudential Financial picks Gradial in Sales Connie Health raised $40M Convr picks Property Guardian in Underwriting Sammons Financial Group raised $750M IAG picks Sonder in Claims Tugboat raised $3M Pints AI raised $5.6M Great-West Lifeco raised $107.44M BMO Insurance picks Walnut Insurance in Sales

Week in Review — June 15–18, 2026

By Shefi Ben-Hutta

More than a century after GMAC was created to finance car buyers, the AmTrust lineage is acquiring a modern business built around the same idea.

Product

Homesite withdraws manufactured home product in Oregon

By Coverager ·

The Manufactured Home product was brokered through AEGIS General Insurance Agency.

Investments

Volt launches with $25 million capacity for power and renewable energy risks

By Coverager ·

Volt offers coverage for conventional power and renewable energy clients.

Strategy

SoFi expands loan platform with $2 billion agreement with Fortress Investment Group

By Coverager ·

The deal strengthens SoFi's loan platform.

Investments

Zinnia secures $300 million financing from Vista Credit Partners

By Coverager ·

Zinnia has also made headlines for its acquisitions of Breathe Life, Policygenius, and the life and annuity assets of Ebix.

Business

HEMIC receives Rating of “A” (Excellent) from AM Best – 2024

By Gabriella Ben-Hutta ·

HEMIC is the largest provider of workers’ compensation insurance in Hawaii and has maintained an “A” rating from AM Best every year since they were first rated in 2007.

Strategy

Toyota Insurance partners with Lemonade

By Shefi Ben-Hutta ·

Toyota aims to cross-sell home and renters insurance.

Member News

Millions of Animal Lovers Can Now Access Quality Pet Insurance via API-enabled Partnership Between Bindable and Pets Best

By Mary Clare Riordan ·

"With decades of experience and proven technology, we knew Bindable was the right partner to enhance our go-to-market strategy." - Pets Best CEO, Melissa Gutierrez.

Business

Tokio Marine HCC to launch US Excess Casualty business

By Coverager ·

TMHCC’s entry into this space will provide insureds new capacity as limit retrenchment continues amid challenging loss cost trends.

Product

Root seeks first-ever renters insurance rate increase in Tennessee

By Coverager ·

Most policyholders (about 415) will experience rate increases between 55% and 70%, with some seeing a maximum increase of 71.6%.

Financials

Progressive reports 93.4% CR for September

By Avi Ben-Hutta ·

Progressive generated net income of $584.6 million.

Business

Peter Reynolds appointed Group Chief Strategic Development Officer

By Coverager ·

Mr. Reynolds joins the company from Oliver Wyman.

Business

QBE to launch US Inland Marine with three key hires

By Coverager ·

The team and product will be added to QBE International Market’s growing Ocean Marine and Energy divisions.

Investments

Stoïk raises $27 million

By Avi Ben-Hutta ·

Stoïk is on track to have 5k policyholders and €25 million in premiums by the end of the year.

Member News

Are You Thinking About Appointment Compliance All Wrong?

By AgentSync ·

What if you reprioritized compliance? What if you saw compliance as a critical component of your core business functions, and not as a necessary sidecar, an obstacle to overcome for your onboarding?

Product

Global Aerospace announces changes to its Canadian underwriting team

By Coverager ·

Steve Hughes is retiring at the end of the year, effective December 31, 2024.

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Featured Jobs

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Tint

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Allstate

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USAA

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Acuity Insurance

Member News

The Adjuster Shortage Is Turning Claims AI Into an Operating Necessity

By Yo Sub Kwon, Voltaire ·

ITC Infotech and InsureMO Partner to Bring AI-Driven Insurance Modernisation to Middle East, Africa, and India

By InsureMO, InsureMO ·

Buying Claims AI Is the Easy Part. This is How Two Claims Organizations are Making It Stick.

By Yo Sub Kwon, Voltaire ·

Zywave Announces 2026 Cyber Risk Award Winners

By Zywave ·

What Happens When Insurance Carrier Experts Retire?

By Vertafore ·

What 6,000 Insurance Leaders Were Actually Whispering About at Insurtech Insights USA

By Justin Jaksha, ePayPolicy ·

10 Cheapest Home Insurance Companies in Florida

By Melanie Musson, Clearsurance ·

Scaling Carrier Client Experience Starts Behind the Scenes

By Vertafore ·

Ivans Index May 2026 Results Released

By Michael Streit, Applied Systems ·

The Plaintiff Bar Brought AI to the Claim File. Carriers Should Arm the Adjuster.

By Yo Sub Kwon, Voltaire ·

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