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Taktile secures $110 M Series C for financial services AI
1+ hour, 44+ min ago (129+ words) Taktile has raised a $110 million Series C round led by Goldman Sachs Asset Management, with participation from Balderton, Index Ventures, Tiger Global, Y Combinator, and DIG Ventures. "What we want every financial institution to know is this: AI models now…...
Mayflower and Hadron launch AI liability insurance program
2+ hour, 42+ min ago (137+ words) MGA Mayflower Specialty and Hadron Insurance have launched an AI liability product. The program, issued by Hadron and underwritten by Mayflower, provides coverage across directors and officers (D&O), employment practices liability (EPL), and errors and omissions (E&O) for companies deploying…...
Matic secures minority investment from Primus Capital
4+ hour, 54+ min ago (108+ words) Digital insurance broker Matic Insurance announced a strategic growth investment from Primus Capital. The investment will help support Matic's continued development of its insurance platform, expansion of embedded partnerships, and pursuit of inorganic growth opportunities. Matic also shared that it…...
Re Source Pro completes acquisition of Flow Specialty's AI technology and team
5+ hour, 45+ min ago (339+ words) Resource Pro has acquired the technology, intellectual property, and core team of Flow Specialty, an AI-focused wholesale insurance brokerage. As part of the deal, Flow Specialty co-founder and CEO Sivan Iram will join Re Source Pro to lead its AI…...
Westfield Specialty acquires renewal rights for DOXA's Arris Property Underwriters program
5+ hour, 51+ min ago (180+ words) Westfield Specialty is a strong DOXA carrier partner, and we are pleased to collaborate with their experienced team to support brokers with property solutions for clients of Arris Property." " Joe Guerrero, Chief Underwriting & Product Officer at DOXA. We continue to…...
Nationwide launches drone insurance for farms
5+ hour, 55+ min ago (103+ words) The new offering combines property, liability, and aerial application coverage for drones used in activities such as crop monitoring, mapping, aerial imaging, spraying, and seeding. Coverage includes protection for physical damage to drones and related equipment, liability for damage or…...
Pru Ven Capital backs Allium
6+ hour, 6+ min ago (199+ words) Allium, a provider of blockchain data infrastructure, has raised a $40 million Series B round led by Amplify Partners, with participation from existing investors Kleiner Perkins, Theory Ventures, and Pru Ven Capital, bringing its total funding to more than $60 million. Founded…...
Inszone acquires Benefit River
6+ hour, 11+ min ago (217+ words) Inszone Insurance has acquired Benefit River, an employee benefits agency with offices in Bozeman, Montana, and Golden, Colorado. Founded in 2008 by Craig Gilbert, Benefit River specializes in employee benefits, group health, commercial liability, property, and workers" compensation insurance. Gilbert said…...
Amerisure launches new purpose statement
7+ hour, 4+ min ago (128+ words) Amerisure Insurance "has introduced a new purpose statement: "Meeting the moments " with people who demand the best." The insurer said the statement reflects its focus on supporting agency partners, policyholders, and employees during critical moments and builds on a history…...
Polly expands partnership with Tru Stage
7+ hour, 13+ min ago (140+ words) Insurance broker Polly announced an expansion of its existing partnership with Tru Stage, adding Tru Stage Payment Guard Advantage Insurance to its suite of consumer protection offerings. The product joins Polly's existing lineup of auto, home, and life insurance products....
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