Coverager

By clicking create account, you agree to our Terms & Privacy. New to Coverager? MGA Bamboo Insurance announced the launch of a new partnership with MS Transverse, expanding its admitted homeowners and dwelling fire capacity in California. The partnership adds approximately $150 million in new admitted capacity and introduces additional options within Bamboo’s existing portfolio, increasing affordability and flexibility in high-demand, catastrophe-exposed regions.

By clicking create account, you agree to our Terms & Privacy. New to Coverager? Kingstone Insurance VipHomeLink Whisker Labs Kingstone Insurance is launching an electrical fire prevention program for eligible homeowners insurance policyholders in New York. Beginning in July, eligible policyholders will receive Whisker Labs’ Ting smart sensor and three years of monitoring service at no cost. The program will be delivered through Kingstone’s new partnership with home management platform vipHomeLink .

Allianz is positioning artificial intelligence as a core part of its customer operations, with CEO Oliver Bäte describing the technology as the “baseline” of the business rather than an add-on. The insurer plans to use AI to improve customer experiences and make support faster and more widely available, including outside regular working hours.

Sher Jeshiva Group has joined the branch channel of Ameriprise Financial from Wells Fargo Clearing Services with $470 million in client assets. The practice operates from Melville, New York, and Naples, Florida. It is led by financial advisors Glen Sher and Michael Jeshiva and includes financial advisor Philip Basile and registered client service associate Kathryn Acer-Richard.

Aon has appointed Sean Deehan as CEO of its Strategy and Technology Group for Asia Pacific, effective immediately. Based in Hong Kong, Deehan will focus on expanding the adoption of Aon’s advisory, analytics and technology solutions across the region. This includes the Life Risk Modeling Suite and PathWise, its platform for life and annuity risk modeling. Deehan will report to Sherif Zakhary, global CEO of Aon’s Strategy and Technology Group and Inpoint.

By clicking create account, you agree to our Terms & Privacy. New to Coverager? Stewart Title has acquired a majority interest in Fort Worth-based Rattikin Title Company , expanding its presence in North Texas. Founded more than 80 years ago, Rattikin provides commercial and residential title and escrow services across Texas. The company is one of the state’s oldest and largest title agencies. Stewart said the deal will support Rattikin’s expansion in Fort Worth and the broader North Texas region.

By clicking create account, you agree to our Terms & Privacy. New to Coverager? Alvaro Ortiz has resigned as CEO of Florida Insurance and Reinsurance Company, also known as Florida Re . Ortiz said he helped build and grow the company from the ground up and highlighted its ratings from Demotech and AM Best. He thanked Florida Re’s owners, the Kumar family, as well as the Florida Re and MNK Group teams.

Arch Insurance North America has appointed Nora Deveau chief claims officer, effective August 1. Deveau joined Arch in 2005 and has held several roles within its claims department. She has served as deputy chief claims officer since 2022. She succeeds Patrick Nails, who is retiring after 22 years with the company. Nails joined Arch in 2004, became general counsel in 2012 and moved to the claims department in 2018, where he has served as chief claims officer.

Abacus Global Management is targeting $450 million in adjusted EBITDA by 2030 as it looks to generate more recurring revenue from asset management, wealth management and its lifespan technology. Speaking at the company’s investor day, COO and CFO William McCauley said Abacus expects adjusted EBITDA to reach $250 million in 2028, up from approximately $135 million in 2025. The company is aiming to increase fee-based recurring revenue from 16% today to 70% by 2030.

Coventry First and chairman Alan Buerger filed their answer and counterclaims against Abacus Global Management on July 9, escalating a legal battle over life expectancy estimates and the valuation of life settlement policies. The 97-page filing, submitted in the U.S. District Court for the Middle District of Florida, denies Abacus’s remaining claims and argues that the statements at issue were true.