Brighthouse Financial announced two new appointments to BOD

Brighthouse Financial, Inc. (“Brighthouse Financial” or the “Company”) (Nasdaq: BHF) announced that its Board of Directors (the “Board”) appointed Michael J. (“Mike”) Inserra and Lizabeth H. Zlatkus as independent members of the Board. Mr. Inserra and Ms. Zlatkus were also each designated by the Board as an “audit committee financial expert” under applicable U.S. Securities and Exchange Commission rules and appointed to serve on the Audit Committee. In addition, Mr. Inserra was appointed to serve...

Blue Owl Capital to acquire Kuvare Asset Management for $750 Mn

Blue Owl Capital Inc., a leading alternative asset manager, announced today it has entered into a definitive purchase agreement to acquire Kuvare Insurance Services LP (dba Kuvare Asset Management) (“KAM”) for $750 million. KAM is a boutique investment management firm focused on providing asset management services to the insurance industry, including Kuvare UK Holdings (“Kuvare”). Blue Owl will fund the KAM acquisition through a combination of $325 million in cash and $425 million in Blue Owl Class A common...

Bradley appointed to CopperPoint Board of Directors

CopperPoint Insurance Companies, a western-based super regional commercial insurance company and leading provider of workers’ compensation and commercial insurance solutions, announced that Thomas Bradley has been appointed to the CopperPoint Mutual Insurance Holding Company Board of Directors. With a career spanning over 40 years, Mr. Bradley is a proven leader in the insurance industry. Thomas most recently served as Chairman and CEO of Argo Group until his retirement in November 2023. He joined the Board of Argo Group in...

QuoteWell raised over $15M in Series A funding led by NEA

QuoteWell, a tech-enabled commercial insurance wholesale brokerage that is at the forefront of innovating the distribution side of insurance, announced the launch of its brokerage operations to serve independent retail agents. QuoteWell helps agents who are often overlooked and given poor customer service due to low premiums associated with their accounts and provides best-in-class in-house brokers to efficiently find and place the risk. In the lead-up to public launch, QuoteWell, founded in 2021, has secured...

FANHUA announces Joint Ventures with Asia Insurance

FANHUA Inc. (“FANHUA” or “the Company”) (Nasdaq: FANH), a leading independent financial services provider in China, is excited to announce a strategic partnership with Asia Insurance Co., Ltd. (“Asia Insurance”), a wholly-owned subsidiary of Asia Financial Holdings Ltd (HKSE: 0662). Together, the two companies are forming two joint ventures: a life insurance brokerage company and an insurance technology company. FANHUA will be the majority shareholder of both joint ventures, with a 60% ownership stake in...

Markel makes a strategic investment in leading tax MGA, Certa

Markel, the insurance operation within Markel Group Inc. (NYSE: MKL), announces a 49% strategic investment in Certa, the market-leading tax MGA. This move will accelerate the UK-based tax specialist’s product development and geographical expansion plans, while giving Markel further access to the significant long-term growth opportunity in the niche, maturing sector. Certa was formed in 2019 by four market professionals – Ed Beckwith, Tom Cartwright, Rachel Hine, and Adam Singer – to establish a dedicated tax underwriting MGA, with the...

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