InsurTech

A Branch spokesperson cited persistent inflation as a “significant challenge for home and auto insurance companies” and the reason for the staff reductions.

If the Floridian goes through with a listing, it will be a true test of whether the public markets believe that the state’s fragmented insurance market is fixed, or on its way to being so.

Sources said the fast-growing homeowners' Floridian is finalizing the process to retain investment banks with the aim for an equity event to take place in the first half of the year.

In her new role, Kozel will lead all sales and distribution efforts for Cowbell east of the Mississippi.

2024 is likely to be another challenging year for the industry, and commercial in particular, though improvement in personal lines may soften the blow.

The decision is based on the belief that the clarity provided under the old structure outweighs the benefits of the co-CEO structure that was put in place two years ago.

The “convenience claims” route to payout will be limited to claims up to $200,000.

Mulberri will use the capital to expand its small and medium enterprise offerings, serving the risk needs of SMEs.

The executive joins Cover Whale after over two years at Bermudian SiriusPoint, where he was EVP and global CTO.

The new trade organization seeks to promote responsible use of technology, collaborate with regulators on consumer protection and make insurance more available, affordable and accessible.

The latest short interest data shows continued pessimism on InsurTechs and Florida insurers.

Oliver Bäte joins Bret Johnson, CFO of SpaceX, and Coalition co-founders John Herring and Joshua Motta on the board of directors.