InsurTech
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The workers' comp specialist acquired a nationally licensed insurance company that has been renamed The Pie Insurance Company. -
For InsurTechs, the most significant feature of 2022 is that the narrative around ‘disruption’ seems to be “truly over”, Gallagher Re said.
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Prior to joining Newfront, Wagner worked as Marsh’s central zone growth leader, overseeing 18 offices throughout central US.
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The total raised for the InsurTech has now reached $24.5mn over the past 16 months.
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Backed by Coalition’s platform, CIC will begin quoting its admitted cyber products in some states starting March, with a national roll-out expected throughout 2023.
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The funding will be used to extend the distribution of its advanced commercial and high-net-worth flood insurance products, and to further hone its technology platform.
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The commercial InsurTech has initiated a search to find the next CEO.
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It is understood that most of the cuts affected employees in the sales and marketing division.
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AmFed’s Pie Development alleges that Pie co-founders Dax Craig and John Swigart misappropriated trade secrets which led to the founding of the InsurTech.
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Slide has sent a notice to agents that it is accepting new policies on its legacy admitted HO3 product.
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In tandem, Gregg Davis and Rob Glanville will join the cyber InsurTech as independent directors.
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The funding round was led by Bling Capital, and included angel investors such as Vantage Risk CEO Greg Hendrick and CRC Insurance president Garret Koehn
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