Apollo Insurance Solutions Ltd | September 15, 2021
Apollo Insurance Solutions Ltd. (“APOLLO Insurance”), Canada’s leading online insurance provider, has partnered with Homewise to offer immediate digital insurance products, specifically tailored to Canadian home buyers that use their website each year.
Launched in 2019, APOLLO Insurance now offers the largest selection of online insurance in Canada, through brokers and integrated partnerships like this one. Through APOLLO, consumers can get a quote and purchase insurance in five minutes, from any device, 24/7. Homewise’s mission is to help Canadians save thousands on their mortgages, offering the best mortgage rates in Canada through their list of lenders. Homewise can now offer digital insurance to its thousands of users, through APOLLO.
Homewise is exceptional at providing Canadians the best mortgage rate and services, creating a better experience for home buyers while also giving users the opportunity to save money,APOLLO is excited to partner with Homewise, as users can now access the right insurance product for them, entirely online, through APOLLO.
- Director of Business Development Jill Carberry-Feldman.
Launched in 2018, Homewise wanted to provide Canadians with a better mortgage process that puts the buyer first. Homewise introduced a simple mortgage process with the goal of saving Canadian’s time, confusion, and money. With the Homewise free platform, they do the work for their users, negotiating with their large list of lenders to find them a great mortgage that meets their unique needs. Homewise has provided mortgage advice to clients across Canada, with over $10 billion of home transactions.
Homewise is changing the face of the home buyer marketplace and will continue to help Canadians move into their homes easily, confidently, and with extra money in their pocket.
“We are excited to partner with APOLLO to provide even more options to our clients in their home buying journey while simplifying their experience. Focusing on our goal of saving clients time, confusion, and a lot of money,”
- Co-Founder and CEO Jesse Abrams.
APOLLO’s proprietary technology platform, the APOLLO Exchange, transacts insurance business in real-time and leverages extensive data and sophisticated algorithms to quote, collect payment, create and deliver policies. Thousands of types of small businesses and individuals are able to buy online without human intervention.
About APOLLO Insurance
APOLLO is Canada's leading online insurance provider. Our proprietary platform, the APOLLO Exchange, allows insurance agents and their customers to purchase their policy immediately, from anywhere, on any device, 24/7. Unlike traditional paper-based processes, APOLLO leverages extensive data and sophisticated algorithms to quote, collect payment, and issue policies for thousands of types of small business and individuals without human intervention.Through traditional agents and embedded finance partnerships APOLLO is redefining the distribution of insurance.
Homewise makes the mortgage process simple, all with the goal of saving Canadian’s time, confusion, and a lot of money. After applying online in only 5 minutes, Homewise searches the market of over 30 banks and lenders to find borrowers their best mortgage – tailored to their specific needs. Borrowers are also set up with a personal Homewise Advisor to guide them at each step. Whether it’s pre-approval, approval, refinance, or switch, Homewise makes getting the best mortgage simple.
Vertafore | April 01, 2022
Insurance professionals from across the country gathered in Denver this week for Accelerate, powered by NetVU. The event was for four days of education, networking and a tour of the latest Vertafore® InsurTech innovations.
Attendees were educated about the new additions and what's next for their core insurance technology. They were also provided with information about getting the most out of the solutions by themselves during the conference's general sessions. NetVU also celebrated the return of an in-person conference by offering a full curriculum of business development and IT management classes for agencies.
Vertafore, the leader in modern insurance technology, informed the launch of its Commercial Submissions platform during the onset general session of Accelerate, powered by NetVU.
The energy at this year's Accelerate was incredible. There's nothing like being together to learn and grow as professionals in an industry defined by relationships. A huge thanks to the NetVU volunteers and Vertafore experts who made 2022 a success."
Jessica Jeffress, conference chair and AVP of Peel & Holland.
This industry-leading market connectivity solution provides a game-changing experience for commercial quotes by simplifying and automating the entire process. Agencies can find quotes from multiple carriers in time than it usually takes. Thus, it will streamline the process and timeline for submitting commercial business. Carriers on the platform can get immense benefits from increased opportunities to present their insurance products to clients.
Vertafore also announced that Commercial Submissions will be accessible to its customers until September 30, 2022. The offer would remain part of its commitment to improving market connectivity between independent agencies and insurers.
In addition, Vertafore demonstrated its industry-leading efforts to create innovative, user-centric, and inclusive InsurTech solutions. With the launch of Commercial Submissions, the company has made a long-term investment in product design as part of its vision for smarter, simpler, and more human insurance distribution. It will incorporate comprehensive principles to remove user barriers, improve accessibility, and overcome situational challenges that obstruct user productivity.
Constellation Affiliated Partners, RedBird Capital Partners, Coastal Insurance Underwriters | December 29, 2020
Constellation Affiliated Partners (Constellation) today announced the acquisition of Coastal Insurance Underwriters (Coastal) and Cybercom. Financial terms of the transaction were not disclosed.
Through the acquisition of Coastal and Cybercom, Constellation will continue to expand its product offerings to the Condominium Association and Homeowner’s Association marketplace. “These new business classes complement many of our existing programs and will provide increased product access to our clients,” said Bill Goldstein, CEO of Constellation. “The Coastal and Cybercom team bring a wealth of knowledge and innovative web-based programs. Their proprietary technology platform and deeply experienced underwriters will be a great addition to our growing portfolio of innovative, high-quality MGAs, program administrators, and wholesalers in the insurance industry.”
Coastal Insurance Underwriters, founded by President/CEO Charles “Chuck” Bushong in 2007, is an insurance program administrator providing unique products to the Community Association marketplace. Coastal underwrites property, general liability, crime, D&O, golf & country club, equipment breakdown, workers’ compensation, inland marine, umbrella, small business, and private flood insurance products. Coastal currently underwrites insurance in Florida, California, Alabama, Texas, Georgia, Kentucky, and Tennessee.
“Over the last 13 years Coastal has grown to offer a multitude of unique insurance products and cutting-edge technology designed to meet the needs of the ever-changing insurance marketplace,” stated Bushong. “We look forward to accelerating our growth as part of the Constellation portfolio of companies, utilizing Constellation’s established relationships to continue to diversify our programs and expand our footprint throughout the U.S.”
“This powerful tool quotes, underwrites, binds, and issues insurance policies to agents in real-time,” added Bushong. “The platform was designed to leverage automation and provide agents with a simple, 24/7 solution to even the most complex insurance opportunities, while providing carriers access to timely underwriting data and risk exposure information.”
Cybercom currently provides technology development services to Coastal and third-party clients throughout the country.
“The acquisition of Coastal and Cybercom demonstrates Constellation’s commitment to technology-enabled and data-driven programs and to the continued diversification of programs and product offerings available throughout our company,” commented Goldstein.
About Constellation Affiliated Partners
Constellation Affiliated Partners is a New York-based insurance consolidator platform that specializes in acquiring MGA, program administrator and wholesale companies in the United States and Canada. Constellation's partners use a set of core values to evaluate and pursue strategic partnerships with companies that have demonstrated superior underwriting principles and have earned a solid industry reputation. The diverse group of companies within Constellation's portfolio bring a vast array of insurance and re-insurance offerings to the North American marketplace. Constellation is backed by RedBird Capital Partners, a private investment firm focused on building high-growth companies with flexible, long-term capital.
About RedBird Capital Partners
RedBird Capital Partners is a private investment firm focused on building high-growth companies with flexible, long-term capital in partnership with its Entrepreneur & Family Office Network. Founded by former Goldman Sachs Partner Gerry Cardinale, RedBird today manages $4 billion of capital principally across its core industry verticals in Sports, TMT, Financial Services and Consumer. RedBird invests with an entrepreneurial, company-building mentality, with an emphasis on capital appreciation and compounding equity returns over longer holding periods. RedBird’s network of business founders and entrepreneurs is central to its investment sourcing strategy, and its highly curated group of limited partners are active co-investors who provide scalable capital support. For more information, please go to www.redbirdcap.com
About Coastal Insurance Underwriters
Coastal Insurance Underwriters, Inc. founded in 2007 is a program administrator specializing in designing, creating, and managing insurance products for a variety of business classes, including condominium associations, homeowner associations and golf and country clubs.
Coastal has grown to become one of the largest Managing General Underwriters in the United States focused on community association products with over 8,000 homeowners and condominium associations currently insured.
Coastal continues to advance in automation to ensure that they remain on the cutting edge of changes necessary in this marketplace. They continue to develop and launch new products and expand into additional states. Coastal will continue to strive to be a leader in providing highly specialized, and financially sound insurance products through automated and simple-to-use solutions.
Cybercom International Corporation, Inc. was established in 1997 as a custom software development company in Ponte Vedra Beach, FL. During the past 23 years, Cybercom has been building high-performance enterprise-level applications for a number of vertical markets, including insurance, e-commerce, industrial, medical, and manufacturing.
Coastal acquired the assets of Cybercom on January 2, 2020.
Cybercom’s capabilities include new product development, existing product support, analytical reporting, document generation, third-party integration, and workflow automation. In the insurance marketplace, Cybercom has built tools for a number of coverage lines, including Property, General Liability, Crime, Directors & Officers, Umbrella, Commercial Auto Liability, and more.