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"We believe that beverages can be a new core craving for Taco Bell, and we see a line of sight to building a $5 billion beverage business by 2030."
– Fast-food chains are investing in beverages to attract younger consumers.
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IPO |
Ategrity Specialty has filed an S-1 registration statement for an initial public offering and has applied to list its common stock on the New York Stock Exchange under the symbol ASIC.
Established in 2017, the insurer offers excess and surplus products to small to medium-sized businesses across the US. Ategrity claims that it combines deep technical underwriting with a highly efficient operating platform, supported by technology, to make timely, consistent, and precision-oriented underwriting decisions.
For the year ended December 31, 2024, the company wrote $437 million in gross written premiums, representing a compound annual growth rate of 28.4% over the last two years. Combined ratio for 2024 was 93.9%, a decrease of 3.6% from 2023.
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Ategrity is backed by Zimmer Financial Services Group, which invested $300 million in the company. Ategrity stated that upon completion of the offering, Zimmer will retain a majority of the voting power in its common stock eligible to vote in director elections.
Ategrity Specialty and Ategrity Ltd both have a financial strength rating of "A-" (Excellent) from A.M. Best.
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$2.5B |
According to a report by Bloomberg, London-based global insurance broker Ardonagh is nearing a deal to raise as much as $2.5 billion from investors. The funding round comes after Stone Point Capital agreed to invest in the business in December in a transaction that valued the company at ~$14 billion.
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$1B |
Lemonade has passed $1 billion of in force premium – 8.5 years after selling its first policy. The company also announced the launch of car insurance in Colorado, which will be available tomorrow.
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14 |
After launching in Virginia last month, General Motors Insurance is now available to car owners in Oklahoma. Coverage is currently offered in 14 states: AZ, TX, GA, MN, IA, MO, IL, IN, OH, PA, TN, VA, AL, and OK. The company plans to expand to 20 states by the end of the year.
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🤝 |
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Digital insurance marketplace Simply Business announced a partnership with London Underwriters, a national wholesale insurance brokerage. London Underwriters' single sign-on portal, LU One, will now include coverage options from the panel of carriers on Simply Business.
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🌀 |
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Australian startup Reask has raised $4 million from BlueOrchard's InsuResilience Investment Fund. The funding will help the company expand beyond tropical cyclone modeling into broader catastrophe risk solutions, supporting insurers and governments with climate-driven data.
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Insurer-backed |
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Gradial, a Seattle-based startup using AI agents to automate marketing workflows, raised $13M in a Series A round led by PruVen Capital, with participation from Madrona, General Advance, Outsiders Fund, and DLA Piper. Founded in 2023, Gradial has ~20 employees and serves clients like AWS, Adobe, and dentsu | Merkle. It previously raised $5.3M in seed funding.
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VIA, a Massachusetts-based startup focused on decentralized data and identity protection, has raised $28 million in Series B funding. The round was led by Bosch Ventures, with participation from BMW i Ventures, Sentinel Global, and MassMutual Ventures. VIA's tech enables secure data sharing without centralized systems.
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🚗🍾 |
Hyundai is committing $21 billion to US operations between 2025 and 2028. The investment spans manufacturing, supply chain, future tech, and energy infrastructure, and is expected to generate over 100,000 direct and indirect jobs—including 14,000 full-time positions.
Breakdown of the investment:
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$9B to boost US vehicle production to 1.2 million units annually across Hyundai, Kia, and Genesis
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$6B to localize auto parts, strengthen logistics, and expand steel operations, including a new steel mill in Louisiana
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$6B for advanced tech and energy projects—covering robotics, AI, autonomous vehicles, and EV charging infrastructure
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A rebrand |
The Twitter / X of insurance is CoreLogic, which announced a global rebrand to Cotality yesterday — but is still using its old site.
"The new name, Cotality, reflects the company's deep commitment to collaboration and connectivity, both internally and externally, while honoring its CoreLogic roots. It also signifies its approach of totality, delivering comprehensive data and insights across the entire property ecosystem and beyond. Tying it all together is the company's spirit of vitality – placing the idea that helping people thrive is at the center of every insight and workflow."
No logic.
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❓ |
Is it two or one?
// ClaimSpot is a property claims software.
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🔒 Coverager Data |
Lemonade has a new agency partner, Friendlee. With that in mind, here's a look at Lemonade's agency appointments over the years 🍋.
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