Bifamy to sell Guardian Life insurance policies through its digital distribution channels

Key Signals in Insurance

Center Setup and Expansion
Guidewire opens new EMEA headquarters in Dublin
The company opened its new EMEA headquarters ten years after opening its first office in Dublin. Adapting to the new world of work, Guidewire is offering employees fully remote and hyperflexible working practices. Read More>>
Lititz Mutual Insurance company selects Guidewire Insurance now to increase agent and policyholder digital engagement for business growth
Lititz selected Insurance Now to improve customer service and grow its business. The company plans to implement Insurance Now first in its homeowner’s line of business, with other lines of business to follow. Read More>>
AIG and BlackRock go into partnership
The companies are going into a partnership based on the management by the latter of certain liquid fixed income and private placement assets. The arrangements contemplate BlackRock managing up to USD 60 Bn of the global AIG investment portfolio and USD 90 Bn of the Life & Retirement investment portfolio. Read More>>
Guardian Life signs SPA with Bimafy
The company signed a strategic partnership agreement (SPA) with Bimafy, the country’s leading online insurance marketplace. Because of this collaboration, customers will get Guardian Life insurance policies through Bimafy’s digital and B2B distribution channels. Read More>>
Amica Insurance announces partnership with Rocket Mortgage, offers mortgage benefit to policyholders
The company partnered with Rocket Mortgage, America’s largest mortgage lender, to offer Amica policyholders savings on their next home loan. Amica customers can now receive a USD 2,000 credit on their closing costs when they obtain a mortgage for a home purchase or a refinance through Rocket Mortgage. Read More>>
Executive Movement
Canopius names Jennie Rimmer as Head of Tax
The company appointed Jennie Rimmer as Head of Tax, where she will report to Chief Financial Officer Gavin Phillips. Rimmer joins with over 25 years of experience in financial services. Jennie joins from her role as head of group tax at Randall & Quilter (R&Q). Read More>>
The Lapham Group recruits CIO for Erie Insurance
The Lapham Group placed Parthasarathy Srinivasa as the new executive vice president and CIO of Erie Insurance (ERIE). His appointment follows the retirement of Bob Ingram, who served in the CIO role at ERIE for more than nine years. Read More>>
Swiss Re CorSo makes the head of EMEA claims permanent
The company has made Jonathan Sargent its new head of claims for EMEA. Sargent will move into the role permanently at the beginning of April and has been acting in an interim capacity for six months. Sargent has been the head of claims for the UK & Ireland since March 2020. Read More>>
Financial and Market Activity
Highmark Health reaches USD 22 Bn mark in annual revenue
Highmark Health’s annual revenue added USD 4 Bn year-over-year to the 22 Bn mark for 2021 as the health insurance business saw improved results and Allegheny Health Network saw a 10% gain in revenue and lower operating losses. Read More>>

Latest Industry Insights from Draup Braindesk

  • ProSight Global focuses on Digital insurance solutions to provide a value and risk solution via coverage. 
  • The company enhances its product offerings and capabilities by expanding its insurance solutions portfolio into the captive insurance sector. 
  • SecureMed, the Entertainment Industry’s First Digital Cast Medical Service, was developed by ProSight Global to deliver innovative solutions that focus on unmet client demands.  
  • ProSight Global focuses on Reinsurance Management solutions for businesses that provide an integrated technology ecosystem. 
  • The company teamed up with an insurance software vendor to deliver real-time reinsurance analysis. 
  • ProSight Global enables companies with unparalleled analytical insights into reinsurance purchasing, incredible value to its partners, and integral part of future strategy. 

Key Funding Alert

Humana Foundation USD 5.5 Mn investment sustains health equity momentum in targeted communities
The philanthropic arm of Humana Inc. continued its investment in six communities across the US to improve greater health equity outcomes for marginalized populations. Their local partners respond to the needs of the most vulnerable in the community. Read More>>

Startup Spotlight

Company – Nimbla
Total Funding – USD 7.1 Mn
About: Nimbla provides B2B invoice insurance to small and medium-sized businesses in the United Kingdom. The London fintech company, through their unique technology, allows them to instantly review the credit rating of their invoices and insure them individually, paying out in the event of insolvency. Read More>>

Latest Reports Published in Draup

Berkshire Hathaway Homestate Companies Account Intelligence Report: Berkshire Hathaway Homestate provides loss control, client services, and accounting and online services. It offers a wide range of workers’ compensation services, offering guidance and personalized care to policyholders, injured workers, agents, and brokers. 
Read More>>
Bright Health – Account Intelligence Report: Bright Health provides health insurance plans for individuals, family plans, and small business plans through a network of doctors, clinics, and hospitals. It aims to give home-based healthcare to customers by implementing a new platform through a partnership with MedArrive. Read More>>
Here’s what’s new on our Sales Intelligence Platform
View the base pay differences between product and
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