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Hagerty partnered with Barrett-Jackson ING Group partnered with bolttech Protect My Let partnered with Addept Insurance Services Addept Insurance Services partnered with Salvation Army General Insurance Ageas UK partnered with Wrisk 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 AIG picks Poetic in Underwriting Elpha Secure picks Ketch in Risk Mitigation Principal Financial Group raised $400M Fairfax Financial Holdings raised $750M Chubb raised $574.2M

Cleerly Mortgages selects Acre as CRM platform

By Shefi Ben-Hutta

Acre, which was acquired by ClearScore, has raised $14.6 million from investors including Aviva Ventures, Founders Factory, McPike Global Family Office, and Sesame Bankhall Group.

Financials

Hagerty raises $105 million

By Shefi Ben-Hutta ·

The capital will be used to expand the business of Hagerty Reinsurance and allow Hagerty to make ongoing technology investments.

Strategy

HDVI announces new in-house claims capability and additional market expansion

By Coverager ·

HDVI is currently available in 20 states.

Strategy

Draftrs partners with American Institute of Building Design

By Coverager ·

Draftrs focuses on small business professional liability insurance.

Strategy

Volante Global launches Singapore branch

By Coverager ·

The Volante Singapore launch follows a similar move by Mosaic Insurance in March, when it began underwriting operations through the Asta Singapore platform.

Opinion

Fuzzy: From woof! to oof

By Shefi Ben-Hutta ·

The unfounded allegation going around pet-vet startup that abruptly went down last week is that they did not run out of money; rather, they took the money and ran. “I...

Investments

Union Bay Risk Advisors raises $20 million to acquire P&C agencies

By Coverager ·

The financing agreement will be initially for $20 million, and could be as much as $50 million.

Product

Ameritas launches new Pooled Employer Plan

By Coverager ·

Charles Schwab Trust Bank will serve as directed trustee.

Business

Robinhood to acquire X1

By Avi Ben-Hutta ·

Robinhood expects the final merger consideration to be approximately $95 million in cash.

Financials

Hub announces new debt deal

By Coverager ·

In 2022, HUB closed 68 acquisition deals and has publicly announced 22 deals in 2023.

Financials

Slide Insurance secures $35 million credit facility

By Avi Ben-Hutta ·

In 2021, Slide raised $105 million in Series A funding.

Investments

Accelerant raises $150 million

By Avi Ben-Hutta ·

Last year, Accelerant raised ~$190 million.

Business

Gothaer launches a new app

By Avi Ben-Hutta ·

The app is now available for Apple and Android devices.

Business

Insurance Quantified acquires Groundspeed Analytics

By Avi Ben-Hutta ·

Groundspeed publicly disclosed $32 million in funding since its inception in 2015.

Business

Sabra Purtill named permanent CFO of AIG

By Coverager ·

Shane Fitzsimons will step down from his position following a medical leave of absence.

Business

Wefox partners with PROPUP

By Avi Ben-Hutta ·

The startup has raised €450K.

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Member News

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