Acquired Archives

Coverager Data

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 ING Group partnered with bolttech Ameriprise Financial raised $750M Cleerly Mortgages picks Acre in Admin Leavitt Group picks FurtherAI in Admin Fortitude Re raised $500M Crédit Agricole Assurances raised $866.15M KOBAN SÜDVERS picks CyberCube in Risk Mitigation 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.

Product

State Farm introduces Included Health as a benefit

By Coverager ·

Included Health has been added to the Total Rewards Benefits package.

Technology

Appalachian Underwriters launches digital platform for SB insurance

By Coverager ·

Appalachian’s customer base of over 100,000 independent agents can now Submit, Quote, Bind, Pay, and Service Small Business accounts, 100% online, in a matter of minutes.

Strategy

Principal to fully exit US retail fixed annuities

By Shefi Ben-Hutta ·

According to LIMRA, Principal had 49,592 term life insurance policies as of Q1 2020.

Investments

Sendle raises $35 million

By Gabriella Ben-Hutta ·

Sendle was launched in 2015 to "democratize shipping for small businesses with sustainable package delivery that is simple, affordable, and reliable."

Investments

Cleerly raises $43 million to tackle heart attacks

By Coverager ·

With its Series B funding, Cleerly will scale its commercial reach, expand operational capabilities and strategic partnerships, and continue to grow its focus on industry-leading research and development.

Business

USAA appoints new chief strategy officer

By Coverager ·

Vakharia will be based at USAA’s new Charlotte, North Carolina offices.

Investments

Deserve raises $50 million

By Gabriella Ben-Hutta ·

Founded in 2014 as SelfScore, Deserve initially offered an alternative credit scoring technology for credit card issuers.

Investments

Smart Pension raises €193 million

By Gabriella Ben-Hutta ·

The overall round will comprise €129 million of primary and €65 million of secondary equity.

Financials

Axo acquires LendMe

By Gabriella Ben-Hutta ·

Founded in 2016, LendMe is one of the first independent loan brokers in Denmark.

Financials

WeSure acquires Ayalon

By Gabriella Ben-Hutta ·

WeSure is buying 50.4% of the shares at a NIS 700 million ($216 million) valuation.

Strategy

Ping An launches elderly care brand Ping An Zhen Yi Nia

By Coverager ·

“Zhen Yi Nian” stands for reaching the most joyful stage at the twilight years in life.

Opinion

All or Nothing

By Avi Ben-Hutta ·

Allstate is known for its popular ‘are you in good hands’ slogan and on June 30, 1995, the insurer officially left the hands of its creator, Sears. Allstate’s story begins...

Business

Tom Doruska appointed Homesteaders chief actuary

By Coverager ·

In his new role, Doruska will lead the team responsible for the company’s profit testing, product development, actuarial services and long-range profitability planning.

Technology

IMS announces Try Per Mile

By Coverager ·

IMS announces Try Per Mile.

Investments

Kindbody raises $62 million

By Gabriella Ben-Hutta ·

Founded in 2018, Kindbody offers end-to-end services from preconception through postpartum, serving as both a provider and network solution.

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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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