The InsurTECH Book

Genstar Capital | March 30, 2020

Private-equity firm Genstar Capital has announced that it has partnered with insurance industry executives to establish Obsidian Insurance Holdings, a new fronting insurance holding company, with $100 million of capital. Obsidian’s insurance carrier subsidiary, Obsidian Insurance Company, has a financial strength rating of A- from AM Best to issue policies underwritten by managing general agents, managing general underwriters and program managers. Obsidian will source, underwrite, and mana...

Liberty Mutual | April 08, 2020

Liberty Mutual has recognized the financial burden caused by the COVID-19 pandemic, and has responded by announcing a “Personal Auto Customer Relief Refund” program that will give auto insurance customers a 15% refund on two months of their annual premium. A release said that this refund program returns about $250 million to both Liberty Mutual and Safeco personal auto insurance customers. Pending regulatory approval, personal auto insurance customers will receive the 15% refund on t...

Arthur J. Gallagher & Co. | February 12, 2020

Arthur J. Gallagher & Co. today announced the acquisition of Oakbrook, Illinois-based Affiliated Benefit Consultants, Inc. Terms of the transaction were not disclosed. Founded in 1986, Affiliated Benefit Consultants offers a full suite of benefits consulting services to clients throughout the United States. John Araujo and his associates will continue to operate in their current location under the direction of Tom Lannen, head of Gallagher's Great Lakes region employee benefits consultin...

Core Insurance, Insurance Technology

Globenewswire | May 22, 2023

Applied Systems® today announced that VP Custom Insurance Solutions has selected Applied Digital Agency to digitally transform their business and customer service models. The agency will leverage Applied Digital Agency to connect the digital roundtrip of insurance and automate day to day operations to increase staff productivity and enable their ambitious growth agenda beyond California. “As a woman-owned business in a male-dominated field, we’re excited to make ...