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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

Nationwide names Kush Kotecha head of Annuity business

By Coverager ·

Kotecha joins from TIAA Financial Services.

Investments

Agio Ratings raises $7 million

By Shefi Ben-Hutta ·

MS&AD participated in the round.

Marketing

GEICO hires new CMO

By Coverager ·

Orpello joins GEICO from Goldman Sachs.

Business

Pinnacol appoints new Senior Medical Director

By Gabriella Ben-Hutta ·

Pinnacol Assurance is a Colorado-based workers’ compensation insurer.

Business

Sompo appoints Richard Higa as Group Deputy Chief Audit Executive

By Coverager ·

Effective November 1, 2025.

Product

Itasca MGA provides aircraft finance insurance to Jeju Air

By Coverager ·

Jeju Air is South Korea’s first low-cost carrier.

Business

Insurance Office of America secures investment from Madison Dearborn Partners

By Coverager ·

Financial terms of the transaction were not disclosed.

Business

Abacus acquires AccuQuote

By Coverager ·

AccuQuote has helped nearly 350,000 families secure coverage.

Business

SiriusPoint announces sale of Arcadian MGA for $139 million

By Coverager ·

The deal is expected to close prior to the end of the first quarter of 2026.

Business

Balavant acquired TIMBY Specialty

By Gabriella Ben-Hutta ·

The acquisition expands Balavant’s inland and ocean marine presence and supports its goal of building a modern MGA platform.

Business

Hyperscience partners with Senderra

By Gabriella Ben-Hutta ·

Hyperscience partnered with specialty pharmacy Senderra to automate patient and physician onboarding using its Hypercell platform.

Technology

GetInsured to power Oregon’s state-based marketplace

By Coverager ·

The move will give Oregon full control over its health insurance exchange operations starting in 2027.

Business

Northern Neck and Frederick Mutual Plan to affiliate

By Shefi Ben-Hutta ·

The affiliation will extend their reach across Virginia, Maryland, Pennsylvania, Delaware, the District of Columbia, and North Carolina, serving policyholders through more than 450 independent agencies.

Investments

HappyRobot partners with Tokio Marine

By Shefi Ben-Hutta ·

Tokio Marine joins other investors including Base10 Partners, a16z, and Samsara Ventures.

Investments

Affinity Risk affiliate raises $7.7 million

By Shefi Ben-Hutta ·

Affinity Risk is an insurance agency specializing in SMB commercial coverage.

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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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