Vantis Life and Everdays launches a platform to market & support Vantis’ life insurance products

Key Signals in Insurance

Centre Setup and Expansion
Berkshire Hathaway Specialty Insurance opens office in Lyon, France
The company announced that it has further expanded its presence in Europe with an office in Lyon, France. BHSI teams in both Paris and Lyon bring BHSI’s multinational capabilities, which span 170 countries, to local companies in France. Read More>>
Affinity Insurance Brokers partners with Beazley Group to launch a new offering
The insurance company partnered with Beazley Group. The partnership reflects the insurance broker’s commitment to its clients and ensures the outdoor industry’s competitive and sustainable insurance solutions in a traditionally hard-to-place market. Read More>>
Cinch Home Services partners with HomeSmart International
The company partnered with HomeSmart. As a HomeSmart national partner, Cinch will offer its warranty plan and services to HomeSmarts franchise partners, brokers, and more than 23,000 agents across thirty-seven states and 199 offices nationwide. Read More>>
Penn Mutual’s Vantis continues its partnership with Everdays
The company announced an innovative marketing and distribution partnership with the insurtech platform Everdays. It provides seniors over sixty with health, retirement, and end-of-life planning services. Everdays and Vantis Life will continue to team up on launching the comprehensive platform over the following months to market Vantis Life insurance products. Read More>>
Merger and Acquisition
DAC accords AoN for capital acquisition proposals worth INR 76,390 Cr (USD 9.82 Mn)
Defense Acquisition Council, in a meeting chaired by Raksha Mantri Shri Rajnath Singh, accorded Acceptance of Necessity for Capital Acquisition Proposals of the Armed Forces under ‘Buy (Indian),’ ‘Buy & Make (Indian)’ and ‘Buy (Indian-IDDM)’ categories. Read More>>
Sandy Spring Insurance, now part of Hub International
Hub International Limited, a global insurance brokerage and financial services firm, acquired the assets of Annapolis-based Sandy Spring Insurance Corp. Sandy Spring Insurance, a subsidiary of Sandy Spring Bank, offers clients a range of commercial and personal home, auto, and marine insurance. Read More>>
Executive Movement
James Warburton joins Gore Mutual as the new Chief Information Officer 
With two decades of experience, Warburton brings a record of leading high-performing teams and delivering technology and business solutions. Built on a foundation of financial strength for more than 180 years, Gore Mutual Insurance Company is one of Canada’s first property and casualty insurers. Read More>>
Geir Holmgren appointed as new CEO in Gjensidige
The Board of Directors in Gjensidige Forsikring ASA has appointed Geir Holmgren as the new Chief Executive Officer in Gjensidige. From being a part of Gjensidige NOR to becoming a reliable and profitable listed company. A robust and value-based culture focused on management, performance, and deliveries has resulted in high-value creation. Read More>>
Vizient announces Patty Olsen as Chief People Officer
The company announced that Patty Olsen joined the company as chief people officer. Olsen joined global consulting firm Huron in 2007 and left as chief human resources officer. Before that, she held leadership positions at professional services organizations and manufacturing companies for more than a decade. Read More>>

Latest Industry Insights from Draup Braindesk

  1. UniSuper made an essential step of committing to net-zero carbon emissions for its investment portfolio by 2050, in alignment with the Paris Agreement. 
  2. UniSuper improved threat detection and analysis to develop security management and threat monitoring capabilities to counter vulnerabilities. 
  3. UniSuper introduced multi-factor authentication, tracked investment performances, and managed online details for customers. 

Key Funding Alert

Singapore-based Privyr raises USD 6 Mn from MassMutual Ventures
The Singapore-based startup plans to deploy the fresh capital to expand its product capabilities, increase market penetration and scale its team from less than ten employees to over forty within a year. Privyr helps consumer-facing salespeople and businesses contact and convert leads into clients from their phones. Read More>>

Startup Spotlight

Company – TheGuarantors
Total Funding – USD 76.72 Mn
About: TheGuarantors offers innovative risk and financial solutions for the real estate ecosystem. It created winning opportunities for landlords, leasing staff, brokers, renters, and tenants by taking the risk out of the leasing process and making it more efficient at the same time. Read More>>

Latest Reports Published in Draup

Bajaj Allianz General Insurance Account Intelligence Report: Bajaj Allianz General Insurance aims to enhance its insurance products to secure customers’ future. Bajaj Allianz General Insurance offers its insurance products and services at the customers’ doorsteps by leveraging digital applications. Read More>>
Primerica, Inc Account Intelligence Report: Primerica secures the financial future by assessing the needs and provides appropriate solutions through term life insurance, mutual funds, annuities, and other financial products. It is keen on enhancing customer experience to achieve a future goal with the help of digital investment solutions. Read More>>
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