Category : InsurTech

InsurTech News

Liberate’s Generative AI-Powered FNOL Plugin Revolutionizes Claims Communication

Business Wire
by Business Wire0
Insurers Can Increase Efficiency & Satisfaction by Eliminating FNOL Language Barriers Liberate Innovations has introduced a generative AI-powered FNOL plugin that promises to revolutionize insurance claims processes by eliminating language barriers and providing more uniformity in customer experiences. Latest Fintech Interview : Global Fintech Interview with Anndy Lian, Intergovernmental Blockchain Expert,......
InsurTech News

Hexure and Annuities Genius Announce Partnership to Enhance the Selling Experience of Annuities

Business Wire
by Business Wire0
Hexure, a provider of sales and regulatory automation solutions for the life and annuity industry, announced a revolutionary integration between its sales automation platform, FireLight, and Annuities Genius, an insurtech annuities decision-making platform offering a user experience to streamline the sales and compliance process. Latest Fintech Interview : Global Fintech......
Fintech InsurTech News

AM Best Withdraws Credit Ratings of Kingstone Insurance Company

Business Wire
by Business Wire0
AM Best has affirmed the Financial Strength Rating of B- (Fair) and the Long-Term Issuer Credit Rating of “bb-” (Fair) of Kingstone Insurance Company (KICO) (Kingston, NY). The outlook of these Credit Ratings (ratings) is negative. Concurrently, AM Best has withdrawn these ratings as the company has requested to no longer......
InsurTech News

Oakbridge Insurance Expands Presence in North Carolina Through Partnership with JHA Risk Management

PR Newswire
by PR Newswire0
Oakbridge Insurance Agency LLC (Oakbridge), one of the largest independent insurance and risk management agencies in the United States, announced a new partnership with JHA Risk Management (JHARM), a personal and commercial property and casualty insurance agency in Rocky Mount, North Carolina. Specializing in risk management solutions, surety bonds, employee benefits and construction......
InsurTech Investment Services News

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

GlobeNewswire
by GlobeNewswire0
Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3......
InsurTech News

NFP Acquires Presidio Financial Services Corporation, Expands Its Specialized Medical Malpractice Insurance Expertise

Fintech News Desk
by Fintech News Desk0
Acquisition strengthens NFP’s P&C presence in the Western US NFP, a leading property and casualty broker (P&C), benefits consultant, wealth manager and retirement plan advisor, announced it has acquired Presidio Financial Services Corporation (Presidio). Based in Westlake Village, California, Presidio is an independent insurance brokerage that provides an extensive range......
InsurTech News

Nassau Financial Group Completes Acquisition of Delaware Life Insurance Company of New York

Business Wire
by Business Wire0
Latest expansion of Nassau’s New York insurance business Nassau Financial Group, L.P.  announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company. “It has been our pleasure......
Finance InsurTech News

Lemonade Turns to Synthetic Agents to Finance Growth

Business Wire
by Business Wire0
Powered by General Catalyst, Lemonade’s Synthetic Agents program seeks to close the cash-flow gap and unlock cash-friendly scaling Lemonade , the digital insurance company powered by AI and social impact, announced it has partnered with General Catalyst (GC), a leading venture firm and an early investor in Lemonade, to create......
Cloud InsurTech News

INSHUR Partners with Google Cloud and Sada for Global Growth Acceleration

Fintech News Desk
by Fintech News Desk0
SADA will help INSHUR navigate their rapid growth and transformation to further revolutionize the insurance industry via Google Cloud solutions INSHUR, a leading provider of on-demand insurance for the rideshare economy is working with SADA, a leading business and technology consultancy and award-winning Google Cloud partner, to help them scale and transform......
InsurTech News

HUB Announces Highly Successful Debt Refinancing and Sizable Increase to Revolving Credit Facility

PR Newswire
by PR Newswire0
Transaction increases HUB’s liquidity to fuel acquisitions and strategic initiatives that drive organic growth Hub International Limited (HUB), a leading global insurance brokerage, announced the recent completion of a $6.9 billion debt raise to refinance the company’s $6.4 billion term loan debt that was coming due in 2025, extending the maturity of the......
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