Filed Under:Claims, Education & Training

Around the P&C insurance industry: Jan. 27, 2016

(Photo: Shutterstock)
(Photo: Shutterstock)

Austin, Texas-based car insurance quote comparison Website the Zebra said it has closed $17 million in Series A funding with investments from serial entrepreneur Mark Cuban; Mike Maples Jr. of Twitter and Lyft; Simon Nixon of Moneysupermarket; Silverton Partners; and new investors Daher Capital and Ballast Point Ventures. This brings total funding to over $21 million, the company said.

Jacksonville, Fla.-based property and casualty insurance company Main Street America Group said it has introduced Main Street Protection Auto, a private passenger auto insurance program for the preferred/standard marketplace in South Carolina, through its statewide network of independent insurance agents.

Foster City, Calif.-based insurance software developer Guidewire Software Inc. said that San Francisco-based DocuSign Inc. has become a software partner for its Guidewire PartnerConnect.

InsureSign, a provider of e-signature solutions to the insurance industry, said it has partnered and integrated with the FinanceMaster software system by Roswell, Ga.-based Advanced Insurance Systems Inc. Insurance premium finance companies that use the software can now offer agents and insureds a fully automated signing process, the company said.

Scottsdale, Ariz.-based collector-car auctioner Barrett-Jackson has announced a five-year renewal of its onsite collector-car insurance program. Barrett-Jackson Endorsed Collector Car Insurance was introduced in 2009 in collaboration with the Private Client Group division of New York City-based American International Group Inc., and is serviced by Maumee, Ohio-based independent insurance agency TDC Risk Management.

Valhalla, N.Y.-based insurance brokerage and consulting company USI Insurance Services (USI) said it has acquired Mount Laurel, N.J.-based employee benefits wholesale brokerage CBDI Inc. Terms of the transaction were not disclosed, but USI said CBDI will become part of Emerson Reid LLC, USI’s employee benefits wholesale brokerage division.

Palo Alto, Calif.-based private equity firm Altamont Capital Partners said it has acquired a majority equity stake in Atlanta-based Access Holdco Management LLC, an insurance managing general agency focused on the nonstandard auto market. Terms of the transaction were not disclosed, but Access founder Michael McMenamin will remain president and CEO, as well as a significant shareholder.

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