iQUE has selected ReSource Pro’s Managed Insurance Services platform. The collaboration allows iQUE to dedicate more time to revenue-generating and revenue-protecting activities, while ReSource Pro assumes key operational responsibilities, such as data reporting, policy issuance, postproduction policy support, and bordereau management. This has resulted in faster quote turnaround time for iQUE’s agency partners.
Onex Corporation acquired Integrated Specialty Coverages, a tech-enabled insurance platform dedicated to designing, underwriting and distributing insurance solutions, from KKR. The investment by Onex Partners is being made alongside the Public Sector Pension Investment Board, Ardian and several other leading institutional equity partners. ISC’s management team and employees will remain significant shareholders following the transaction.
Southern Oak Insurance Company has adopted ZestyAI’s AI-powered property risk platform to improve visibility into property condition and exposure across its homeowners portfolio. By analyzing structural and environmental vulnerabilities, such as roof degradation, overhanging vegetation yard debris and secondary structures, ZestyAI’s platform equips Southern Oak to take targeted actions that help reduce losses and manage exposure more effectively. These granular, property-level insights also offer a clearer view of changing risk conditions across one of the most challenging insurance markets in the country.
kWh Analytics announced the successful close of a parametric Wind Proxy Hedge risk transfer deal, this time for a 79MW wind project in Virginia developed by Apex Clean Energy. This innovative financial structure utilized the kWh Analytics Indifference Structure for debt sizing, with Munich Re providing the parametric hedge and MUFG and CIBC serving as lenders to the project.
Roosevelt Road Specialty and Neural Earth Inc., a leader in AI-driven geospatial risk analytics, partnered to transform Roosevelt Road Specialty’s property underwriting capabilities. As Roosevelt Road Specialty positions its commercial property underwriting business for growth, this partnership underscores its commitment to leveraging AI and advanced data analytics to strengthen underwriting capabilities. By integrating Neural Earth’s Risk Intelligence Platform into its underwriting and risk management workflows, Roosevelt Road Specialty will expand its ability to evaluate complex property risks, refine portfolio strategies and service their clients.
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