Lydia teams up with Qover to offer travel insurance to Black+ cardholders and enable app-based claims

Partnerships
Lydia teams up with Qover to offer premium travel insurance
With the help of a partnership with Qover, Lydia offers Black users in Belgium, France, Portugal, and Spain access to high-end travel insurance. The collaborations are designed to improve user experience and provide coverage for family members. Read More>>
New American Funding partners with Matic Insurance and OneSource Solution
To improve the homeownership experience for consumers, New American Funding collaborates with Matic Insurance and OneSource Solution to offer insurance and home setup services during the mortgage process. Read More>>

Deal
Southeast Georgia Health System to end Medicare Advantage contract with Centene subsidiary
Due to failed negotiations, Southeast Georgia Health System is terminating its contract with WellCare Medicare Managed Care Plan, citing improper payment claims and denials. Care will still be provided through December. Read More>>

Executive Movements
CIBC appoints Mark Podlasly to its board of directors
Podlasly is a recognized expert in investing in energy projects, developing the economies of Native Americans, and sustainability. His hiring enhances the board’s knowledge. Read More>>
Mark Racunas joins Alliant Insurance Services as Senior Vice President
Alliant Insurance Services has named Mark Racunas, a 20-year veteran of the insurance industry with expertise in property and casualty insurance, employment practices liability, commercial insurance, casualty insurance, and reinsurance, as Senior Vice President. Read More>>

Mergers and Acquisitions
Ennis-based Munster Group Insurance was acquired by PIB Group
One of the biggest Irish acquisitions was the PIB Group’s purchase of Munster Group Insurance, situated in Ennis. This change, with Michael Henchy leading Munster Group Insurance, is in line with PIB’s goal and presents growth potential. Read More>>
Brown & Brown Inc. completes the acquisition of Kentro Capital Limited
Kentro Capital Limited was purchased by Brown & Brown Inc., enhancing its position in the US, Western Europe, and the UK. The partnership will improve services and capabilities to support ongoing success and growth. Read More>>

Centre Setup and Expansion
Alignment Health celebrates the grand opening of Alignment Health Plan Center in Laguna Woods
In Laguna Woods, California, Alignment Health established its senior-focused center, providing Medicare seniors with on-site assistance. Members of the Alignment Health Plan can have individualized healthcare consultations in the 3,300-square-foot facility. Read More>>

Key Funding Alert

Orus raises US$ 11.6 Mn in Series-A funding to expand its insurance products for small businesses
Since then, Orus has broadened the range of sectors it serves. The company, which now provides insurance to more than 5,000 enterprises, aspires to be an all-inclusive insurance solution for SMEs, meeting their varied needs and functioning as their principal insurance provider. Read More>>

Startup Spotlight

Company –  SureIn
Total Funding – USD 4.37 Mn
About: SureIn develops insurance administration software. It assesses insurance needs and offers non-binding advice. It includes features like continuous risk monitoring, gathering all connections in one place, producing a personal overview, transparency, round-the-clock assistance, and more. Read More>>

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