Acquired Archives

Coverager Data

Descartes Underwriting picks NextPower in Risk Mitigation Petshop Science partnered with OUTsurance Liberty Mutual picks ICEYE in Claims Foyer Group picks Tractable in Claims Zurich Australia partnered with Crop Risk Underwriting Ventis Insurance partnered with Bravo Networks USI Insurance Services partnered with CNA Insurance GuardianPointe picks ZestyAI in Underwriting Hagerty partnered with Barrett-Jackson Ameriprise Financial raised $750M Cleerly Mortgages picks Acre in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M

An 84-year reign came to an end, and more

By Shefi Ben-Hutta

May 2026 was a month of endings. An 84-year reign. A California market that keeps getting smaller. A workforce reduction attributed, plainly, to AI.

Business

Citizens releases 2025 rate media kit

By Gabriella Ben-Hutta ·

Citizens proposes rates for 2025 that include a statewide average increase of 14% for all Personal Lines.

Strategy

QBE to close North America middle-market segment

By Coverager ·

The closure is expected to have limited impact on QBE’s FY24 Group combined operating ratio.

Investments

Chexy raises $3 million

By Avi Ben-Hutta ·

The startup has thousands of active users.

Business

Zurich acquires majority stake in Kotak General Insurance

By Gabriella Ben-Hutta ·

Zurich acquires 70% of Kotak General Insurance, becoming the first foreign insurer to enter India since the FDI rules were amended to allow up to 74% foreign ownership in 2021.

Strategy

SafetyCulture looks to secure US capacity

By Shefi Ben-Hutta ·

SafetyCulture Care MGA is working on securing new underwriting capacity and partnerships to expand into the US and UK.

Business

R&Q to file for Bermuda liquidation

By Coverager ·

The board has concluded that the alternative proposal represents the best option to secure value at this time.

Strategy

Definity CEO addresses the auto theft crisis

By Coverager ·

Canada is not alone is experiencing a rise in vehicle theft.

Innovation

Direct Line Group announces new appointments

By Coverager ·

Both appointments are subject to regulatory approval.

Member News

Real-Time, Integrated, Automated Compliance Becoming Industry Standard

By AgentSync ·

Insurance businesses that wait to implement real-time, integrated, and automated compliance solutions are risking falling behind their competitors.

Business

Yardi introduces new resident services bundle

By Avi Ben-Hutta ·

Residents will only have to use one app to activate services after moving in.

Member News

CAPE Analytics and Vexcel Enter Strategic Imagery Partnership to Enhance CAPE’s AI-Powered Property Intelligence Products

By Kayvan Farzaneh ·

Powered by Vexcel’s extensive imagery coverage, CAPE will continue to deliver the most precise, reliable, and up-to-date property risk analytics available.

Business

Ford launches commercial auto coverage in Maryland

By Avi Ben-Hutta ·

Ford Pro Insure is currently available in seven states.

Business

Generali appoints new group chief transformation officer

By Coverager ·

Cécile Paillard will be responsible for accelerating the Group’s transformation.

Financials

Reliance Global Group provides update on pending Spetner acquisition

By Shefi Ben-Hutta ·

The company currently anticipates that the acquisition will close in the second half of 2024.

Strategy

Stellantis Financial Services partners with bolt

By Avi Ben-Hutta ·

The carmaker will offer auto insurance to Chrysler, Dodge, Jeep, Ram, Fiat, and Alfa Romeo owners.

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Member News

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 ·

Producerflow Launches Partner Portal to Modernize Carrier Collaboration with Distribution Partners

By Ido Deutsch, Producerflow ·

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