World Insurance Associates LLC acquired the business of William P. Smart Associates of Fairfield, N.J., on June 1. Terms of the transaction were not disclosed.
Orion180 Insurance launched its FLEX Home Insurance product for California. FLEX gives homeowners the ability to personalize policies, adjusting coverage and deductible options based on risk exposure and financial goals.
New England Indemnity Company plansto expand its product rollout across the Northeast. The launch is powered by ReSource Pro’s business process and technology services and INSTANDA’s no-code platform. The expansion represents a significant milestone in NEIC’s journey to deliver faster, smarter and more agile insurance experiences.
Reliance Global Group, Inc. announced its board of directors has approved its strategic expansion into the digital asset and blockchain sector. As part of this initiative, the company plans to build a diversified portfolio comprising leading cryptocurrencies, such as Bitcoin, Ethereum and Solana. In accordance with the company’s new digital asset treasury strategy, the company plans to purchase up to $60 million in digital assets in the first phase, followed by up to an additional $60 million, totaling an aggregate of up to $120 million, to be managed by the company’s newly formed Crypto Advisory Board, and subject to market and other conditions.
Invision Cyber, a new cyber insurance MGA, partnered with global cybersecurity leader Trend Micro to offer a cyber insurance product tailored exclusively for Trend Micro customers in the US. Invision, an Acies company and Lloyd's coverholder, is backed by three Lloyd’s syndicates, offering capacity limits of up to $10 million for a range of covers including business interruption, cyber extortion, digital asset and data restoration and incident response.
Amica Mutual Insurance Company has entered a new multiyear partnership with Penn State Athletics, making Amica the program’s official auto, home and life insurance partner.
SageSure has acquired Gemini Financial Holdings Corporation and its subsidiaries, including Olympus MGA Corp. Olympus MGA, one of the top underwriting franchises in Florida, is the managing general agent for Olympus Insurance Company, a leading Florida property insurer that serves the mass-affluent homeowners segment.
Beacon Hill Associates will operate as SPG Environmental under Specialty Program Group’s unified division, SPG Wholesale. SPG Environmental will still provide superior expertise, established carrier partnerships and product offerings, only as part of a larger foundation to bring our agents broader solutions. All points of contact and processes will remain the same for agent partners.
Howden acquired Gravitas Insurance Agency LLC, a U.S. retail brokerage specializing in contingency insurance for music, sport and live events. The proposed acquisition is subject to customary closing conditions. This acquisition represents another important step in Howden’s strategy to expand in the U.S. and further extends its global sport & entertainment capability.
Florida Office of Insurance Regulation has approved Stand Insurance Exchange and Praxis Reciprocal Exchange to write property insurance in the state. Both carriers will offer fire, homeowners multiperil, allied lines, inland marine and other liability coverage. Praxis will also provide boiler and machinery insurance.
The Hartford’s comprehensive cyber product, CyberChoice First Response, is now available nationwide for small businesses through ICON, the company’s quoting and binding system. Agents and brokers can quickly quote and bind tailored cyber coverage for their small business customers alongside other coverages through an easy, streamlined process.
GreenieRE Coalition and Trellis Climate, an impact-first catalytic capital program that invests in early climate infrastructure projects, launched Vensurety, an impact-first, tech-expert insurance platform for climate companies. Vensurety is supported by anchor funding from the Schmidt Family Foundation and Builders Vision.
Goosehead Insurance, Inc. and Nan & Company Properties, a Houston luxury real estate brokerage and the exclusive Houston affiliate of Forbes Global Properties, have expanded their strategic franchise arrangement. This collaboration between a top luxury brokerage and a technology enabled independent insurance platform eliminates friction in one of the most complex parts of the homebuying process: securing tailored, competitive insurance coverage at closing with a white-glove feel.
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