coverager

Vestwell raises $125 million

Vestwell provides the infrastructure for employers to power workplace savings programs.

Posted: Dec 21, 2023

Bain Capital Insurance invests $200 million into GuideOne

GuideOne will use the $200 million it received for becoming the inaugural member of The Mutual Group.

Posted: Dec 20, 2023

SafeEnterprise Insurance launches Auto Dealership Cyber Program

SafeEnterprise is launching its new industry-based cyber product for auto dealerships to address cybercrime and evolving regulatory standards.

Posted: Dec 20, 2023

Sparta to distribute ARMD Tools In Transit product

ARMD Tools In Transit offers tools insurance, covering up to £10,000.

Posted: Dec 20, 2023

Everest expands accident and health offering

Everest’s Group FII offers supplemental benefits to those with high deductible primary medical coverage.

Posted: Dec 20, 2023

TypTap assumes $30 million of IFP from Citizens

TypTap expects to complete a second assumption of policies from Citizens in January 2024.

Posted: Dec 20, 2023

Bird files for bankruptcy

Bird Canada and Bird Europe are not part of the filing and continue to operate as normal.

Posted: Dec 20, 2023

Aon to buy insurance broker NFP for $13.4 billion

GuideOne will use the $200 million it received for becoming the inaugural member of The Mutual Group.

Posted: Dec 20, 2023

NARAB II: What is it and why does the federal government not care to get it off the ground?

Little progress has been made regarding NARAB II, the 2015 legislation aimed at streamlining nonresident producer licensing. But it’s not for lack of trying.

Posted: Dec 20, 2023

JLR launches insurance product for clients

Insurance is administered by Wrisk.

Posted: Dec 19, 2023

Co-op partners with Legal & General

The products offered through the partnership are life insurance and decreasing life insurance and over 50s fixed life insurance.

Posted: Dec 19, 2023

Allianz Life partners with Munich Re Automation Solutions

This new partnership extends the broader relationship between Munich Re Automation Solutions and Allianz in a number of countries.

Posted: Dec 19, 2023

Adobe and Figma terminate $20 billion merger deal

The companies have signed a termination agreement that resolves all outstanding matters from the transaction, including Adobe paying Figma the previously agreed-upon termination fee.

Posted: Dec 19, 2023

Belfius Direct Assurances partners with Tom&Co

Tom&Co is a pet commerce company.

Posted: Dec 18, 2023

Hiscox appoints Raymond Oral as chief technology officer in the US

Ray will guide the US technology team through their transformation journey.

Posted: Dec 18, 2023

Reserv Hires Natural Language AI Expert James Maddox as Chief Technology Officer

By integrating Large Language Models, we're not just streamlining operations and enhancing economic efficiency; we're fundamentally improving the experience of policyholders.

Posted: Dec 18, 2023

Aer Lingus and Allianz Partners extend partnership

The new deal will be effective until March 2027 across 12 markets in Europe as well as the US.

Posted: Dec 18, 2023

Lemonade, Trupanion and Chewy: Pet insurance analysis

Tom&Co is a pet commerce company.

Posted: Dec 18, 2023

Progressive reports 91.1% CR for November

The insurer ended the month with a net income of $681 million.

Posted: Dec 18, 2023

Clark is exiting Austria

Clark entered the Austrian market in 2020.

Posted: Dec 18, 2023

Coverager’s Week in Review: Dec 11-16, 2023

The insurer ended the month with a net income of $681 million.

Posted: Dec 18, 2023

Forrest T. Jones Goes Live on OneShield Market Solutions, Accelerating Strategic Growth Plans

FTJ, a distinguished MGA providing insurance products & other financial services to members of associations & other affinity groups, has gone live on OneShield Market Solutions, starting with its Educators Professional Liability insurance offerings.

Posted: Dec 15, 2023

OneShield & Coforge Join Forces to Elevate Customer Success on OneShield’s Enterprise SaaS Platform

OneShield is excited to announce their strategic partnership with Coforge, a global digital services and solutions provider.

Posted: Dec 15, 2023

Smile expands operations to the Spanish arket

Smile plans to broaden its product range in collaboration with Caser and Helvetia Seguros.

Posted: Dec 15, 2023

GAINSCO auto insurance rolls out in Pennsylvania

In December 2020, State Farm Insurance announced its acquisition of GAINSCO for $400 million, making it an owned subsidiary.

Posted: Dec 15, 2023