Reliance Global Group, Inc. has completed an asset sale of Fortman Insurance Services, a wholly owned subsidiary, for $5 million in cash. The transaction marks the successful execution of a strategic initiative to monetize a non-core asset and further strengthen the company’s financial position.
Insurity announced that tennis legend, musician, philanthropist, pop culture icon and #1 New York Times bestselling author John McEnroe will serve as the keynote speaker at its annual Excellence in Insurance conference. The event will take place October 29-31 in Carlsbad, Calif., bringing together top insurance and MGA executives, thought leaders and innovators from across the property and casualty industry.
Alcor Group has opened an Atlanta office as it seeks to broaden operations in the U.S. market. Spearheading the new office is Sophie DeCouto, who joins Alcor as CEO of Alcor USA. Alcor, which also has offices in London and Bermuda, underwrites property business for clients globally and is backed by S&P A+ rated Lloyd’s capacity.
Duck Creek Technologies has received five 2025 XCelent awards for excellence in insurance technology from Celent. Duck Creek received three Advanced Technology XCelent awards for North America, EMEA and LatAm and was also awarded the Breadth of Functionality and Customer Base and Support XCelent awards for North America.
AssuranceAmerica announced its recognition for the first time as a 2025 Financial Services Top Workplaces winner. Awarded by Energage, the Top Workplaces awards are based solely on employee feedback, and AssuranceAmerica competed against over 200 other financial services organizations. The award will be presented to the company on August 12 in Atlanta.
MAPFRE's latest LatAm Insurtech report, partnered with Digital Insurance LatAm, reveals Insurtech financing in Latin America rebounded in the first half of 2025. Insurtech financing in Latin America during the first half of 2025 reached $121 million, 370% more than in the first six months of 2024. This amount already exceeds the total financing for all of 2024 by 32%, confirming the region's potential and the strength of the ecosystem to stay afloat and attract new investment rounds.
National Highway Traffic Safety Administration urged owners of select model year 2020-2026 Volvo plug-in hybrid or battery electric vehicles to immediately complete an important over-the-air safety recall. Without this recall remedy, an affected vehicle could completely lose its ability to brake while going downhill. One serious incident, captured on video, has already happened due to this defect.
Orion180 Insurance launched its FLEX Home Insurance product in nine eastern counties of Massachusetts. FLEX provides fully customizable coverage, allowing homeowners to adjust protections and deductibles to align with their individual risk preferences and financial goals.
Insurance Development Forum completed the design of a parametric flood insurance solution for the Lagos State Government in Nigeria. The solution was developed as part of the Tripartite Agreement Programme of the IDF, the United Nations Development Programme and the German Federal Ministry for Economic Cooperation and Development through the InsuResilience Solutions Fund.
Price Forbes announced the further expansion of its exclusive cross-class facility, Lectio, to include construction/builders risk coverage. Lectio will automatically follow pre-approved Lloyd’s leaders across placements for short-period construction within the U.S., Canada and Australia. Price Forbes launched Lectio in April 2021 and at that time, covered cargo, specie, financial products, healthcare and marine insurance.
Intersys has launched operations in India with a focus on helping reinsurers and brokers grow their cyber insurance business by improving the cyber risk profile of policyholders. By offering resalable cybersecurity services, including baseline cyber risk assessments and continuous cyber monitoring to India’s corporate SMEs, Intersys enables insurers and brokers to offer policies with confidence, backed by data and risk controls.
Roadzen Inc. partnered with one of the world’s top two-wheeler manufacturers to bring connected roadside assistance to a new line of electric and connected vehicles across India. With Roadzen’s integrated platform, customers can request roadside assistance at the push of a button — directly from the vehicle’s dashboard or via a mobile app — delivering seamless, real-time support designed specifically for electric mobility.
Wills collaborated with the University of East Anglia to deepen understanding of global wildfire risk. With wildfires now rivaling the losses caused by other perils such as hurricanes, this partnership aims to deliver credible scientific insight that helps insurers and reinsurers keep pace with a rapidly changing risk landscape.
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