Nationwide's corporate tech leader; Nassau expands insurtech program: Insurtech news

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Nationwide selects leader of corporate technology & workplace solutions

Nationwide announced Kelton Kline as the new leader of corporate technology and workplace solutions. Misty Kuamoo, who was previously in the position, was appointed SVP, CTO of Nationwide Financial. Kline was previously vice president, Nationwide Financial, technology integrated services.

Kline will be responsible for technology solutions for finance, human resources, investments, legal and marketing. He will oversee corporate real estate and digital workplace.

Michael Carrel, Nationwide's CTO, said in a statement: "Kelton's technology leadership has shaped and accelerated our technology strategy, and moved key modernization efforts forward. In his new role, he will be key to advancing the integration of AI and shaping our associates' workplace experience."

Nassau Financial expands its insurtech program

Nassau Financial Group is expanding its Nassau Reimagine program. The company announced two investments in Quorus, an asset management company, and Kadance, a genomics-based health navigation company. 

Phil Gass, Chairman and CEO of Nassau, said in a statement: 

"Nassau's expanded presence in this sector underscores our conviction that the future of insurance and retirement will be shaped by modern digital experiences and collaborative partnerships that create value for carriers, agents, and policyholders. The strong response to our expanded Reimagine program affirms this direction, and we believe that this can be a win-win for startups, the local community, and the financial services industry as we continue to identify and support identifying innovative technologies."

Nassau Reimagine was established in 2019 and has provided resources to more than 100 startups. 

Pinion Insurance names U.S. chief underwriting officer

Pinion Insurance, a specialty insurer, appointed Kyle Selvig as U.S. chief underwriting officer. 

Selvig will report to Philip Vandoninck, group chief underwriting officer, and will build the company's U.S. Managing General Agent (MGA) network, targeting a second quarter of 2026 underwriting launch subject to regulatory approval.

Pinion launched in February with $180 million in capital backing from global asset management firm Barings. The Bermuda-based company will initially offer capacity to MGAs in the United States, followed by platforms in the United Kingdom and European Union, all subject to regulatory approval.

Gradient AI launches AI-Powered Workers' Comp claims benchmarking tool

Gradient AI announced the launch of ClaimVector for Workers' Compensation, an AI-powered solution that enables brokers to convert limited claims information into actionable insights. The new tool uses real claims data rather than abstract market averages to provide brokers with metrics for comparing performance, identifying risk drivers, and supporting client advisory conversations.

The solution is designed to integrate into broker workflows and becomes more effective over time as it adapts to a broker's specific book of business. 

"By mining and dashboarding real data, the ClaimVector benchmarking solution helps Workers' Comp brokers substantially improve key portfolio differentiators, as well as build and enhance credibility, consistency, and defensibility," said Brook Rosenbaum, general manager, property & casualty for Gradient AI, in a press release.

Qumis raises $4.3M for AI-Powered commercial insurance coverage analysis

Qumis, an attorney-trained AI platform for commercial insurance coverage intelligence, announced a $4.3 million oversubscribed seed round led by MTech Capital, with new strategic investor American Family Ventures and participation from all prior investors. The Chicago-based company's total funding now reaches $6.75 million.

The platform uses AI trained on thousands of real-world coverage analyses to read and interpret commercial insurance policies, providing coverage analysis, quote comparisons, claims support, and market trend identification. The company will use the funding to expand its go-to-market team and deepen product capabilities.

"The gold standard for coverage analysis has always been a skilled coverage attorney, but you can't put one on every account," said Dan Schuleman, Esq., co-founder and CEO of Qumis, in a press release. 

General Magic raises $7.2M to deploy AI agents for insurance workflows

Toronto-based General Magic announced it has raised $7.2 million in an oversubscribed seed funding round led by Radical Ventures, with participation from a16z Speedrun and investors including Figma VP of product, Brendan O'Driscoll and Larry James Erwin from OpenAI. The company has raised $8.4 million to date and is backed by Radical Ventures, a16z Speedrun, and Comma Capital, along with operators including Aidan Gomez, CEO of Cohere, and executives from Braze.

The company builds AI agents that handle routine insurance tasks including answering customer questions, collecting documents, and follow-ups across pre-quote, post-quote, and claims workflows. The agents integrate with broker management systems, quoting platforms, and CRMs. 

"Too much of insurance still relies on manual follow through across calls, inboxes, and scattered systems," said Jai Mansukhani, co-founder and president of General Magic, in a press release. "We focus on keeping customers engaged at every stage of the lifecycle, not just at quote or claim." 

General Magic was founded by Anthony Azrak and Jai Mansukhani, second-time founders who previously sold AI products into legacy industries.

Fidelis Insurance Group to rebrand as Pelagos Insurance Capital

Fidelis Insurance Holdings announced that it will change its name to Pelagos Insurance Capital Limited and begin trading under the ticker symbol NYSE: PLGO in May 2026, pending regulatory and legal approvals. 

The Bermuda-based specialty insurance and reinsurance company said its regulatory permissions, operations, and business arrangements will remain unchanged during and after the rebranding. The company's various businesses and legal entities will adopt the Pelagos Insurance Capital name throughout 2026, subject to obtaining necessary regulatory and legal approvals, including shareholder approval.

"Our new name, Pelagos Insurance Capital, expected to launch in May 2026, captures our brand identity and future direction," said Dan Burrows, Group CEO, in a press release.

CoverGo launches AI Agents for insurance operations

CoverGo announced the launch of AI agents built specifically for insurance operations. The company has deployed three AI agents in production with tier-1 insurers and brokers: an Intelligent Document Processing (IDP) AI Agent that automates data extraction from unstructured documents and performs medical necessity checks, business rule enforcement, and fraud detection; a customer support AI Agent that provides instant answers based on internal knowledge like policy wordings and underwriting guidelines; and a quotation AI Agent that automates the generation of quotes and insurance proposals.

Willis partners with Belfry and Kayna to launch digital insurance program for security providers

Willis, a WTW business, announced a strategic partnership with Belfry and Kayna to launch a digital insurance program for physical security providers. The program integrates Willis-brokered insurance directly into Belfry's vertical SaaS platform, which manages scheduling, timekeeping, payroll, and billing for security companies. Kayna, an insurtech firm, provides the embedded insurance infrastructure that enables the distribution.

The integration leverages real-time data to pre-fill insurance forms and support quoting, addressing what the partners identify as significant pain points for security firms. The solution offers pay-as-you-go insurance designed to reduce premium audit risk and provide faster quotes to address coverage gaps.

"As part of our strategy to deliver tech-enabled insurance solutions, we're excited to partner with Belfry to embed coverage seamlessly into the security operator journey," said Paul Lubbers, head of U.S. affinity at Willis, in a press release. "Together, we aim to accelerate quoting and minimize premium audit risk, both of which are critical pain points and areas for improvements in the security industry."

Willis also launched its Global Digital Infrastructure Group to address risks facing data center owners, operators, contractors, and hyperscalers worldwide. The group will be led by Alastair Swift, head of Willis Global Specialties.

Former USAA CEO Wayne Peacock joins Cotality Board

Cotality, a global property information and analytics provider, announced the appointment of Wayne Peacock as an independent board member. Peacock previously served as chief executive officer of USAA, where he spent 36 years.

"Wayne's depth of experience and his track record leading teams through technology transformation in complex industries will be a strong addition to our board," said Patrick L. Dodd, president and CEO of Cotality, in a press release.