Avi Ben

Nationwide is partnering with Arlo, a NY-based MGU specializing in level-funded health plans for the small to mid-sized group market.

After laying off around 280 employees last year, Haven Technologies, the insurance SaaS provider owned by MassMutual, has recently filed a Worker Adjustment and Retraining Notification with the New York Department of Labor stating that the company is closing with layoffs affecting 65 employees – 53% of the workforce.

DoorLoop, a property management software company, announced a $100 million Series B funding round led by JMI Equity, a growth equity firm.

As part of its refocusing strategy, Baloise is selling its digital insurance subsidiary FRIDAY to Allianz.

Based on information obtained by Coverager, construction management software company Procore Technologies has shut down Procore Risk Advisors, the construction insurance unit it introduced in March 2023.

In-force premium reached $889 million.

ManyPets entered the US market in March 2021.

GEICO ended the third quarter of 2024 with a $2 billion underwriting profit, a significant increase compared to the same quarter last year.

Argentine fintech company Ualá has raised $300 million in Series E funding led by Allianz X, with participation from Stone Ridge Holdings Group, Tencent, Pershing Square Foundation, Ribbit Capital, Alan Howard, Goldman Sachs Asset Management, Soros Fund Management LLC, Rodina, SoftBank Latin America Fund, Jefferies, D1 Capital Partners, Claure Group, AlleyCorp and Monashees. The round gives the company at $2.75 post-money valuation.

General Motors Insurance is now offering car insurance in Alabama, Iowa, and Tennessee, bringing coverage to a total of 11 states.