Commercial/Enterprise Insurance

Woodruff Sawyer, a US insurance broker, is expanding its East Coast presence with the addition of six members formerly with Acrisure’s Construction and Commercial Risk Practice.

+Simple, a European insurance distribution platform for small businesses, has announced the acquisition of OM Suscripción de Riesgos, a Spanish underwriting agency specialising in surety insurance and owned by Grupo Morera y Vallejo.

mTek, a Kenyan-based InsurTech firm, has secured an investment of $1.25m (KSh 167.8m) to advance its expansion plans within the Kenyan and East African insurance markets.

Coterie, an InsurTech MGA simplifying small business insurance, has secured a significant boost in funding, announcing a raise of $27m.

Buddy, a leading InsurTech shaping the future of embedded insurance, has announced its partnership with Stripe to introduce innovative e-commerce capabilities tailored for the insurance sector.

Akur8, the next-generation insurance pricing solution provider, has joined forces with Guidewire to introduce the Akur8 Accelerator for AI-Powered Pricing.

Brit Ltd has introduced Brit Cyber First50, a pioneering Lloyd’s Consortium which has been backed by a substantial investment of $50m.

Nationwide, a leading insurance carrier, has appointed George Williams to lead its Small Market Commercial Lines business.

Cyberwrite, a pioneering cyber InsurTech, has partnered with Howden to create actionable insights into cyber threats for clients.

Marble, an all-in-one digital wallet for insurance, has introduced commercial insurance shopping to its range of products, solidifying its position as a comprehensive insurance platform for members.