Icumulus

Core Insurance, Insurance Technology

PRnewswire | May 10, 2023

Confie, the largest personal lines insurance distribution company in the U.S., announces the acquisition of Estrella Insurance to its non-standard national brand Freeway Insurance. Confie's latest acquisition significantly expands its footprint in Florida and their franchise division. Estrella Insurance operates more than 190 locations across Florida, California, Arizona, Texas, and Colorado. For over 40 years, they have provided affordable insurance solutions and exceptiona...

Claims

Sapiens | June 16, 2022

Sapiens International Corporation (NASDAQ: SPNS) (TASE: SPNS), a leading global provider of software solutions for the insurance industry, has announced that Sapiens' claims solutions for P&C and for Workers' Compensation have been recognized by Celent as a Functionality Standouts in the Celent 2022 Claims System Vendors report for North American Property & Casualty Insurance. The Celent report profiled 23 claims administration systems available in North America fo...

Chubb | March 27, 2020

The hackers responsible for the Maze ransomware have claimed that they have hit major insurance company Chubb. The cyberattackers posted news of the attack on their website, claiming that they managed to encrypt devices on Chubb’s network this month. Bleeping Computer reported that as part of their modus operandi, the Maze hackers steal files from their victims before locking the devices with ransomware-based encryption. The stolen files are then used as leverage by the Maze hackers, who t...

Risk Management

Aquiline Capital Partners | November 01, 2021

Ripe Thinking Limited ("Ripe"), a UK-based digital underwriting and insurance distribution platform, is pleased to announce that it has entered into a definitive agreement for Aquiline Capital Partners LLC ("Aquiline") to acquire a majority stake in the company. Aquiline is a private investment firm based in New York and London with $6.9 billion in assets under management, specialising in investments at the intersection of technology and finance. Financial terms of the transa...