Sector Updates

Specialty insurer Markel has announced that it has experienced a 113% increase in productivity for its underwriting team due to its partnership with InsurTech Cytora.

Markel sees 113% underwriting productivity increase following Cytora partnership

Specialty insurer Markel has announced that it has experienced a 113% increase in productivity for its underwriting team due to its partnership with InsurTech Cytora.
Arthur J. Gallagher & Co has acquired Ace Commercial Insurance Center in a significant move  designed to bolster its position in the competitive transportation market.

Gallagher acquires Ace Commercial to strengthen transportation market presence

Arthur J. Gallagher & Co has acquired Ace Commercial Insurance Center in a significant move  designed to bolster its position in the competitive transportation market.
Ledgertech, Menora Mivtachim, and Cellcom have recently formed a strategic alliance to launch the first-ever automated digital travel insurance product.

Ledgertech, Menora Mivtachim, and Cellcom partner to launch automated digital travel insurance solution

Ledgertech, Menora Mivtachim, and Cellcom have recently formed a strategic alliance to launch the first-ever automated digital travel insurance product.
Global insurance association AIG has announced sweeping changes to its senior leadership team, following the appointment of a new executive vice president and chief marketing & communications officer.

AIG tweaks senior leadership team as it aims to sustain growth

Global insurance association AIG has announced sweeping changes to its senior leadership team, following the appointment of a new executive vice president and chief marketing & communications officer.
The Commerce Fraud Bureau has formally charged a Minnesota broker with alleged involvement in a $650k fraud scheme. 

Minnesota broker charged for alleged $650k fraud scheme

The Commerce Fraud Bureau has formally charged a Minnesota broker with alleged involvement in a $650k fraud scheme. 
QBE Insurance Group has confirmed the appointment of Julie Wood as Chief Executive Officer (CEO) of the company’s North America division.

Julie Wood appointed CEO of QBE’s North America Division

QBE Insurance Group has confirmed the appointment of Julie Wood as Chief Executive Officer (CEO) of the company’s North America division.
BOXX Insurance has announced a strategic partnership with Nova Southeastern University (NSU) to provide cyber protection education services for businesses.

BOXX Insurance partners with NSU to provide cyber protection education services

BOXX Insurance has announced a strategic partnership with Nova Southeastern University (NSU) to provide cyber protection education services for businesses.
Insurify has revealed a multi-year agreement to provide auto finance company Santander Consumer USA, with support for their home insurance comparison systems.

Insurify partners with Santander Consumer

Insurify has revealed a multi-year agreement to provide auto finance company Santander Consumer USA, with support for their home insurance comparison systems.
Openly

Premium homeowners insurance firm Openly secures $100m in Series D

Openly, a Boston, MA-based firm, is a premium homeowners insurance provider that recently bagged a significant financial milestone.
Bolttech extends Series B with $50m, led by LeapFrog Investments

Bolttech extends Series B with $50m, led by LeapFrog Investments

International InsurTech, bolttech, has recently made headlines with its notable partnership with leading impact investment firm LeapFrog Investments.

News Stories

Starpeak secures August Equity investment

Starpeak secures August Equity investment

August Equity, a UK-based private equity investor focused on lower-mid-market businesses, has agreed to invest in Starpeak, a specialist insurance distributor serving niche personal...

AEGIS London and Augentic unveil digital consortium

AEGIS London, a top-quartile Lloyd's syndicate, and Augentic, a tech-enabled MGA, have joined forces to launch a new cross-class digital follow consortium within the...
Why insurance’s distribution data goldmine matters now

Why insurance’s distribution data goldmine matters now

Insurance distribution has traditionally been treated as an operational challenge. Carriers, MGAs and agencies have invested in technology to onboard producers, manage licences and...

Alliant Insurance buys Nava in AI benefits push

Alliant Insurance Services, one of the largest insurance brokers and consultants in the US, has agreed to acquire Nava Benefits, the AI-native employee benefits...
RockRose Risk lands $12.5m to reshape wildfire insurance

RockRose Risk lands $12.5m to reshape wildfire insurance

RockRose Risk, the insurance brokerage that rewards property owners for reducing wildfire exposure, has completed a $12.5m Series A round. The financing was jointly led...
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