Coverager® - Insurance News and Insights

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Mylo picks Pendella in Sales Ethos Life picks MIB Group in Underwriting Hexure partnered with Wichita National Life Insurance HawkSoft picks Jump Suit Group in Sales Higginbotham picks Construction Casualty Insurance in Claims Vivo partnered with Chubb Bolt Cover raised $2.24M Bamboo Insurance picks ManageMy in Customer Service Protecht partnered with Paciolan USAA partnered with Montway Auto Transport PAWCHI raised $4.31M Zurich UK partnered with CIExpert Insurance Samadhan raised $1.01M Paramount Services raised $292.79K Hokodo raised $11.38M

🦄 Rippling raises $450 million at $16.8 billion valuation

By Shefi Ben-Hutta

The new capital will support Rippling’s global expansion and product development.

Financials

Lemonade reports Q1 results

By Avi Ben-Hutta ·

In-force premium was over $1 billion.

Member News

Insurance + APIs: How Superior Data Is Key to Distribution Channel Management

By AgentSync ·

Your distribution channel is filled with data on every downstream partner you work with. If that data isn’t flowing through your existing systems, it’s not doing you any good.

Member News

Facing the Silver Tsunami: How Agentic AI Can Help Carriers Overcome the Adjuster Workforce Crisis with Digital Coworkers

By Robin Roberson ·

As the insurance industry grapples with an aging workforce and increasing claims volumes, Agentic AI emerges as a transformative solution.

Business

Church Mutual strengthens leadership team

By Coverager ·

Church Mutual provides specialized insurance for religious institutions, schools, camps, and nonprofits across the US.

Business

EmPRO expands into Massachusetts

By Coverager ·

EmPRO is a licensed medical professional liability insurance carrier headquartered in New York State.

Business

GI Partners to launch tech-enabled MGA platform

By Coverager ·

The new platform will focus on acquiring and growing a diversified portfolio of MGAs across multiple lines of coverage.

Business

Allianz Life names new COO and Chief Actuary

By Coverager ·

Adam Brown and Luca Gallo promoted from within to the company’s executive leadership group.

Business

CRC Group acquires ARC Excess & Surplus

By Coverager ·

ARC will join CRC Specialty, continuing to operate under its existing leadership team.

Business

Velocity announces sale of Velocity Specialty Insurance Company

By Coverager ·

This transaction follows the earlier sale of VRU to Ryan Specialty for $525 million.

Business

MIB acquires Clareto

By Coverager ·

Munich Re Life US acquired Clareto in 2022.

Innovation

Ping An activates emergency task force following fatal US traffic accident

By Coverager ·

As of May 3, no Ping An policyholders have been identified among the victims.

Business

Axcelus Financial strengthens distribution team

By Coverager ·

Axcelus Financial is a provider of private placement life insurance and annuities.

Investments

Pacific Crest Services secures investment from Long Ridge Equity Partners

By Coverager ·

Terms of the investment were not disclosed.

Business

Hippo: From Palo Alto to San Jose

By Coverager ·

The relocation involved less than half the square footage of its previous office.

Member News

May the Fourth Be With You: Supercharging Claims Adjusters 4x with Agentic AI

By Robin Roberson ·

In the vast expanse of the insurance universe, a transformative force has emerged-Agentic AI. Like the Jedi of lore, these intelligent agents are revolutionizing the claims landscape, bringing balance and efficiency to traditionally manual processes.

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Member News

Vertafore celebrates PolicyWatch with Connected Agency Excellence Award

By Vertafore ·

Vertafore recognizes Dimond Bros. Insurance for leadership in accelerating small commercial quoting

By Vertafore ·

Vertafore’s Project Impact is saving service professionals at independent agencies nearly an hour per day

By Vertafore ·

With AgencyOne, Vertafore delivers on its vision for the connected independent agency

By Vertafore ·

10 States That Allow You to Register a Car in Another State

By Melanie Musson, Clearsurance ·

How an Upgrade to Producer Onboarding Can Fuel Carrier Growth: A Life Insurer's Perspective

By AgentSync, AgentSync ·

They Don't Want to Log in, Silly: Friction-Free Access for a New World

By Team at Sureify, Sureify ·

With its exceptional commitment to customer success, Vertafore receives the 2025 Excellence in Customer Service Award

By Vertafore ·

Say Goodbye to Manual Contract Requests: The Future of Life & Annuities Is Automated

By AgentSync, AgentSync ·

Niche success: A closer look at top MGA go-to-market models

By Vertafore ·

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