Coverager® - Insurance News and Insights

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Direct Line Group partnered with Compare the Market Tailtrust partnered with Allianz Aditya Birla Health raised $2.69M Boxx Insurance partnered with World Travel Protection Zurich partnered with ComfortDelGro Companjon partnered with Visa Burns & Wilcox picks Wildfire Defense Systems in Risk Mitigation Jones raised $15M Maccormack Agency picks Applied Systems in Sales Salvador Insurance picks EZLynx in Admin McDougall Insurance & Financial picks Quandri in Sales IAG picks Guidewire in Admin Wefox raised $174.62M Roadzen raised $5M F&G raised $375M

Ryan Specialty to acquire Velocity Risk Underwriters

By Coverager

The acquisition of Velocity is expected to close in early 2025.

Business

Caroline Feeney named chair of LL Global

By Gabriella Ben-Hutta ·

Feeney, CEO of Prudential’s U.S. businesses, will lead the nonprofit financial services industry organization in 2025.

Business

American Family raises minimum wage to $25 per hour

By Gabriella Ben-Hutta ·

This is the third time since 2020 that American Family group has raised its minimum wage.

Business

Wefox appoints new CEO

By Avi Ben-Hutta ·

It was reported that Wefox was looking to replace Hartigan after the German insurance startup’s board rejected a proposal by its largest stakeholder.

Business

Functional Finance raises $20 million

By Avi Ben-Hutta ·

Functional Finance's platform offers solutions that simplify invoicing, premium payments, collections, reconciliation, and more.

Business

Prudential Financial introduces Stop Loss Insurance

By Coverager ·

Prudential’s Stop Loss product suite is available to employers with self-funded medical and prescription drug plans that cover at least 100 employees.

Business

Pineapple Financial launches Pineapple Insurance

By Avi Ben-Hutta ·

The company claims that its insurance business will operate in Ontario, Manitoba, British Columbia, and Alberta.

Business

AIG appoints Keith Walsh Executive Vice President, Chief Financial Officer

By Coverager ·

Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino.

Business

Pivix announces official launch

By Coverager ·

Pivix will offer property and casualty coverages for targeted segments and products will be distributed exclusively through wholesale brokers.

Innovation

Allianz Partners launches new claims portal and adopts AI

By Coverager ·

Allianz Partners USA unveiled their new Universal Claims Portal.

Business

WTW launches document protection platform

By Coverager ·

Indigo Vault encryption uses U.S National Institute for Standards & Technology.

Business

HDI Global launches US Inland Marine unit

By Coverager ·

The new unit will be led by Rebecca Molosky.

Business

Munich Re North America Life launches longevity reinsurance solution to US and Canada markets

By Coverager ·

Clients can pass on longevity risk by converting uncertain future pension or annuity payments into a fixed cash flow stream, locking in mortality assumptions and a fee at inception.

Investments

Legal & General announces sale of CALA Group

By Coverager ·

The consideration for the sale will result in cash proceeds of £1.16 billion.

Investments

BlackCloak raises $17 million

By Avi Ben-Hutta ·

BlackCloak is a cybersecurity company for executives, high-net worth individuals, and family offices.

Business

Cowbell expands underwriting capacity

By Coverager ·

Middle-market businesses will now be able to secure $5 million in primary and excess limits on Cowbell’s Prime 250 cyber and Prime Tech E&O products.

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Member News

Top hiring and retention strategies for independent insurance agencies

By Vertafore ·

Case Study: How This Agency Generated $500K in Additional Sales Before Open Enrollment

By Sophie Norman, Assurity ·

Insly joins Underwriting Agencies Council to power growth in Australia

By HAMMAD MIRZA, Insly ·

Delegation of Authority in Public Companies: Challenges, Compliance, and the Aptly Solution

By Robin Roberson, Agentech ·

MGA insurance: What, why, and how

By Vertafore ·

Negotiating a Fair Car Insurance Settlement

By Melanie Musson, Clearsurance ·

Rudolph’s got a runny red nose?

By Oded Barak, Five Sigma ·

Vertafore’s Kelly Maheu joins the educational arm of the Big “I”

By Vertafore ·

Are your legacy systems keeping your applicants in the dark?

By Team at Sureify, Sureify ·

When Choosing Producer Lifecycle Management Software, Don’t Overlook the Importance of Customer Success

By AgentSync, AgentSync ·

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