Business News and Mergers News

Business New: Genex, Kemper-Inifinity Merger

Stone Point Capital to Acquire Genex Services Genex Services, a cost containment services provider to the workers’ compensation, disability and auto industries, announced that funds managed by private equity firm Stone Point Capital LLC have entered into a definitive agreement …

Business News: Worley, Cisco Partnership

Worley Claims Services Acquires Audit Services Incorporated Louisiana-based Worley Claims Services, LLC, a national provider of insurance claims services, announced the acquisition of Audit Services Incorporated, a claim estimate writing and review supplier for the property and auto insurance markets. …

Business News: Allianz, HVACi, Nixon & Company

Allianz Global Corporate & Specialty Acquires Renewal Portfolio of Product Recall Business from Liberty Mutual in the U.S. Allianz Group’s specialist corporate insurer Allianz Global Corporate & Specialty (AGCS) announced it is acquiring the renewal portfolio of Liberty Mutual Insurance’s …

Business News: Hartford InsurTech Hub, Aziel Corp., Good2Go, Beazley

Hartford InsurTech Hub Partners With Crawford & Company Hartford InsurTech Hub, powered by Startupbootcamp, announced a new partnership withCrawford & Company,a global independent provider of claims management solutions to insurance companies and self-insured entities. The partnership was formed through Crawford …

Business News: Coverys, CargoNet, Novarica

Coverys Invests in Patient Engagement, Medical Education Companies Coverys, a medical professional liability insurance provider, announced investment in two separate organizations, Knowledge Diffusion, Inc. (Osmosis) and Pack Health, LLC (Pack Health). Both organizations provide innovative resources that help improve patient …

Business News: Liberty Mutual, AIG, Consolidated Claims Group

Liberty Mutual Eliminating Over 600 roles in New Hampshire Liberty Mutual has announced it is cutting about 620 positions in New Hampshire. Foster’s Daily Democrat reports the insurance company announced the decision earlier this week. Liberty Mutual says many workers …

Business News: Progressive, Hiscox, Berkley Aspire

Progressive Announces New Flo Chatbot Progressive Insurance announced a new Flo Chatbot experience on Facebook Messenger. The tool, enhanced by artificial intelligence and quoting technology, is now available for all Messenger users via Flo, the Progressive Girl’s Facebook page. The …

Business News: IBM, Med-IQ, Octo Telematics

IBM Introduces Industry Platform Designed Specifically for Insurers IBM announced it is building an insurance platform on the IBM Cloud that aims to improve the processes and economics for new product development, underwriting and benefits delivery. Built in collaboration with …

P/C Insurer Software Provider Guidewire to Acquire Data Science Firm Cyence

Guidewire Software Inc., a provider of core operations software to property/casualty insurers, has agreed to acquire Cyence, a data science and risk analytics software company. Guidewire will pay approximately $275 million in cash and stock. Cyence applies data science and …

Business News: Berkley Re Solutions, Roost, Pie

Berkley Re Direct Renamed Berkley Re Solutions Berkley Re Direct announced today that it has changed its name to Berkley Re Solutions. On the evolution of the operating unit’s name. The culture at Berkley Re Solutions encourages all employees to …