Community Associations Institute has partnered with McGowan, a top provider of specialized coverage and protection for community associations nationwide. Through this exclusive partnership, McGowan will support CAI’s mission to provide education, resources and advocacy for community associations by sharing its industry expertise and insurance solutions.
Messagepoint was announced as the winner, for the third consecutive year, of a Business Intelligence Group’s Artificial Intelligence Excellence Award, in the generative AI subcategory. The Artificial Intelligence Excellence Awards celebrate the most innovative companies, technologies and professionals who are leading the way in AI innovation by identifying and recognizing truly unique solutions that stand out in a crowded AI space. Messagepoint won for the capabilities of its AI-powered Translation Accuracy, the first AI translation accuracy checking solution in the customer communications management market. It is designed to improve accuracy while accelerating translation processes for communications mandated in some sectors, such as in areas of health and human services, health insurance and financial services.
Pine Walk Capital Limited launched Sevanta Specialty Liability Limited, a new international casualty MGA. Sevanta will focus on niche international specialty liability, writing business on both a primary and excess basis across a global portfolio.
RIMS and The Institute for Internal Auditors partnered to provide both professional communities with greater access to career-building and program-advancing learning experiences. RIMS and The IIA will offer their respective memberships a selection of the other association’s virtual, on-demand webinars and workshops.
CRC Group acquired Risk Transfer Partners, a top casualty-focused wholesale brokerage business. This strategic acquisition enhances CRC's capabilities and market reach, particularly in the construction, energy, environmental and manufacturing sectors.
ZestyAI announced regulatory approval of its Severe Convective Storm Suite in Oklahoma, North Carolina, Louisiana, Wisconsin and Arkansas — covering more than 12 million residential and commercial properties. Severe convective storms caused $58 billion in insured losses in 2024, marking the second-costliest year on record. A recent ZestyAI analysis revealed that in these five newly approved states, more than 2.1 million properties face a high risk of filing a hail claim — putting over $31 billion in potential roof replacement costs on the line.
India’s largest general insurance company selected Roadzen Inc. to manage its Roadside Assistance program for a second consecutive three-year term. The insurer, with a global gross written premium of $5 billion and approximately 6.4 million motor policy holders, reaffirmed its confidence in Roadzen’s technology following a rigorous technical and commercial evaluation.
BMS Group announced that after obtaining regulatory approvals, it has completed the acquisition of insurance broker Rasher, which specializes in surety, credit, finance and risk management solutions for corporate clients. Rasher is headquartered in Spain and has subsidiaries in Colombia and Peru.
MS Amlin has committed $142 million to a Ukraine-focused reinsurance facility. The facility, developed in partnership with the European Bank for Reconstruction and Development and professional services firm Aon, aims to revitalize Ukraine’s war risk insurance market by enabling local insurers to begin offering inland cargo and transport cover for SMEs.
EagleView expanded its drone offering to provide insurance carriers with more complete options for obtaining property inspections, property analysis reports and repair estimates. The company’s current offering, EagleView Assess, uses American-made drones to capture imagery and then harnesses machine learning and artificial intelligence to detect roof abnormalities.
Peak3 continued to make significant strides in the UK and European markets following its $35 million Series A funding, supporting insurers in accelerating digital transformation through its proven, API-driven, cloud-native solutions.
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