Business Wire

  1. World Insurance Associates LLC Expands Presence In Florida With The Acquisitions Of West Coast Insurance Group And Combs Insurance

    World Insurance Associates LLC, an independent insurance agency headquartered in Tinton Falls, NJ, expanded its presence in Florida with the acquisitions of West Coast Insurance Group and Combs Insurance on July 1, 2019.

  2. Westhill Forms Strategic Partnership With Time And Material Pro Software Suite, Continuing Ecosystem Expansion

    Westhill, an Atlanta based insurtech company in pursuit of creating a friction-free property insurance claims solution, announces a strategic partnership with Time and Materials - T&M Pro Software Suite. Adding T&M to Westhill’s strategic partnerships further strengthens the service offering for all customers 

  3. Charles Schwab Corporation To Acquire Assets Of USAA’s Investment Management Company

    The Charles Schwab Corporation announced recently that it has entered into a definitive agreement to acquire assets of USAA’s Investment Management Company, including brokerage and managed portfolio accounts for $1.8B in cash 

  4. Alfa Insurance Deploys Guidewire InsurancePlatform To Modernize Its Core Operations

    Alfa Insurance, a multi-state insurance provider, and Guidewire Software, Inc., provider of the industry platform Property and Casualty (P&C) insurers rely upon, recently announced that Alfa has successfully deployed Guidewire InsurancePlatform as its new software application for underwriting, policy administration, claims, billing, and client data management. Guidewire PartnerConnect Consulting member Ernst & Young LLP (EY) assisted Alfa with the implementation project.

  5. POSaBIT Announces Updated Brokered Private Placement

    POSaBIT Systems Corporation ("POSaBIT" or the "Company") is releasing an update to its previously announced brokered private placement with a syndicate, led by Canaccord Genuity Corp. (the "Agent") to sell, by way of a private placement on a “commercially reasonable efforts” basis, units (the "Units") of the Company at a price of $0.15 (the "Issue Price") per Unit for gross proceeds of up to $1,000,000 (the "Offering") 

  6. KBRA Comments On Midyear Property Catastrophe Reinsurance Renewals

    Kroll Bond Rating Agency (KBRA) releases new commentary, Midyear Property Catastrophe Reinsurance Renewals on Track, in the wake of the first hurricane landfall of the 2019 Atlantic hurricane season 

  7. Hippo Insurance Raises $100M In Series D Funding Round Led By Bond

    Hippo, the high growth insurtech company that’s transforming the home insurance market, recently announced a $100M Series D funding round led by Bond, the global technology investment firm founded by Mary Meeker, Mood Rowghani, Noah Knauf and Juliet de Baubigny 

  8. Mitchell Announces Partnership With Drew Technologies To Deliver OEM Scanning And Remote Diagnostic Support

    Mitchell, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, recently announced a partnership with Drew Technologies, an Opus IVS Company, under which Drew Technologies scanning and diagnostic technology and services will be available via the Mitchell Diagnostics system.

  9. Millers Mutual Insurance Is Live With Majesco Insurance Data And Analytics Platform As A Foundation To Their Data-Driven Strategy

    Majesco , a global leader of cloud insurance software solutions for insurance business transformation, recently announced that Millers Mutual Insurance, based in Harrisburg, PA successfully implemented Majesco Insurance Data & Analytics Platform including Majesco Enterprise Data Warehouse (EDW) and Majesco Business Analytics (MBA) solutions 

  10. Best’s Special Report: Private Equity Holdings Spike For All Major U.S. Insurance Segments

    Private equity investments by the U.S. life/health and property/casualty industries have risen sharply by approximately 25% over a two-year span to $55.4B and $16.0B, respectively, according to an AM Best special report