Amynta Group, a prominent distributor of insurance products and services, has made a strategic move by announcing its agreement to acquire the renewal rights to the Individual Risk Workers’ Compensation (IRWC) business of select subsidiaries within James River Group Holdings, Ltd. This significant transaction encompasses the comprehensive operations of the IRWC business, encompassing underwriting, loss […]
CCC Intelligent Solutions, a US-based SaaS platform for the property and casualty (P&C) insurance economy, has acquired Safekeep, a provider of artificial intelligence (AI) powered subrogation claims management technology. The financial terms of the deal were not revealed. Safekeep, which is an enterprise platform, makes use of AI to speed up and enhance subrogation management […]
One80 Intermediaries, a Boston-based specialty insurance broker, has acquired PMC Insurance Group, a wholesale broker for workers’ compensation and program manager. The financial terms of the deal were not disclosed. PMC Insurance Group was established in 1996 to help independent insurance agents grow their capabilities in marketing by offering workers’ compensation specialty products and programs […]
InsurePay has raised $5 million in a Series A financing round for its workers’ compensation administration and insurance premium billing platform designed for insurance providers. The financing round of the Florida-based insurtech company was led by FINTOP Capital, a venture capital firm based in Nashville. It also saw the participation from various other strategic industry […]