Amwins Acquires Superior Underwriters
CHARLOTTE, N.C., Jan. 2, 2025 /PRNewswire/ — Today, Amwins, a leading distributor of specialty insurance products and services, announced it has reached an agreement to acquire Superior Underwriters, a Bellevue, Washington-based managing general agency (MGA) focused on commercial lines, personal lines…
AI-Based Underwriting Platform Deep Vector Celebrates $1.5M Raise
This week, Deep Vector, an AI platform for analyzing underwriting documents, closed its seed round of $1.5M, co-led by Aperture Venture Capital and InsurTech NY. Deep Vector helps insurers and brokers translate the influx of analog documents used for underwriting risk—claims…
Acorn Group strengthens its position in telematics insurance with acquisition
Acorn Group, a non-standard provider of car, van, taxi and household insurance to retail customers, has acquired a telematics insurance broker, for an undisclosed sum. The deal to buy Halesowen company MyPolicy, strengthens the position of Formby-based Acorn in telematics…
London Underwriters (LU) Announces Partnership with Draftrs Insurance
Hallandale, FL – January 10th, 2025 London Underwriters (LU), a leader in the wholesale insurance industry, is thrilled to announce its partnership with Draftrs Insurance, a cutting-edge InsurTech company dedicated to small business professional service firms and agents. This partnership,…
Sollers and mea Working Together on Improving Underwriting –
The latest partnership info from Sollers for you; Sollers Consulting and mea Platform are joining forces to help insurance companies improve their digital capabilities in underwriting and claims. The partnership has a strong focus on Lloyd’s and the London market,…
LTIMindtree Launches ‘AI-Smart Underwriter’ Solution Powered by ServiceNow
LTIMindtree, a global technology consulting and digital solutions company, recently announced the launch of the ‘AI-Smart Underwriter’ solution developed in collaboration with ServiceNow to empower underwriters to make more informed, data- and AI-driven decisions while driving efficiency through intelligent automation….
Insurance Broker Verlingue Acquires Switzerland’s ProConseils Solutions
Verlingue, the Quimper, France-based insurance broker and subsidiary of the Adelaïde Group, announced it has acquired ProConseils Solutions, a major player in the insurance brokerage market in French-speaking Switzerland. Financial details of the deal were not disclosed. Verlingue said this…
Telematics on the rise in trucking insurance underwriting
Trucking insurance premiums have increased roughly 5% year over year across the board for the past few years. Despite carriers’ attempts to reduce premiums, rates are still increasing, mostly due to the fact that trucking insurance market has not been…
Ageas to buy Saga’s insurance underwriting business
This move aligns with Ageas’ Elevate27 strategy, which focuses on enhancing its non-life insurance presence in Europe. Credit: Ratana21/Shutterstock. Ageas has agreed to acquire Saga’s insurance underwriting business and establish a 20-year partnership with the UK insurer in an agreement…
US Judge Dismisses Securities Litigation Against Insurance Underwriter
An insurance underwriter in specialty insurance represented by attorneys from Skadden, Arps, Slate, Meagher & Flom has secured dismissal of a securities class action claiming that defendants neglected to share “key risks” of underwriting for construction defect claims. U.S. District…