For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts January 14, 2021 By Mark Hollmer Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown...
Insurers Not Quitting on Cyber Even as Risks Mount January 11, 2021 By Mark Hollmer It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S....
Insurers Not Quitting on Cyber Even as Risks Mount December 29, 2020 By Mark Hollmer It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S....
Insurance M&A Rebound to Continue Into 2021: PwC December 22, 2020 By Mark Hollmer Insurance mergers and acquisitions (M&A) rebounded from COVID-19 challenges in the second half of 2020. The trend should continue well...
Openly, High-End Home Insurance MGA, Secures $40M for National Expansion December 18, 2020 By Mark Hollmer Openly, an insurtech managing general agency for high-end homeowners insurance, raised $40 million of venture capital from multiple investors. The...
Next Insurance Buys Data Firm Juniper Labs to Enhance Workers’ Compensation Offering December 11, 2020 By Mark Hollmer Digital small business insurer Next Insurance has closed its first acquisition, buying Juniper Labs, a Denver-based provider of data and...
Germany’s Getsafe Raises $30M from Swiss Re and Others; Eyes Becoming Full Carrier December 9, 2020 By Mark Hollmer Digital MGA Getsafe disclosed $30 million in new financing led by new investor Swiss Re. The Heidelberg, Germany-based InsurTech said...
AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades November 2, 2020 By Mark Hollmer American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions...
Why It’s a Good Time for Insurtechs to Be Thinking About Mergers October 30, 2020 By Mark Hollmer The drumbeat for insurtechs to pursue a merger, acquisition or partnership is getting louder, with the number likely to substantially...
AIG Names Zaffino to Succeed Duperreault as CEO; Will Spin Off Life Insurance Business October 26, 2020 By Mark Hollmer American International Group has disclosed significant leadership changes as well as plans to separate its Life & Retirement business into...