FloodFlash, an InsurTech offering sensor-enabled parametric flood insurance, announced a partnership with Hiscox.

Hiscox is already an active participant in the U.S. flood insurance market, and as a capacity provider for FloodFlash, the company will support the market appetite for parametric as an option for catastrophe covers.

FloodFlash is now available across every state after launching in the U.K. in 2019 and then launching in the U.S. in 2022. The company is a registered coverholder at Lloyd’s of London and is authorized and regulated by the Financial Conduct Authority.

Hiscox is a global specialist insurer headquartered in Bermuda and listed on the London Stock Exchange.

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Ascend, a financial operations automation platform, announced it has entered into an agreement with NFP, a property/casualty broker, benefits consultant, wealth manager, and retirement plan advisor.

As part of the agreement, NFP will deploy Ascend’s billing technology platform, which will offer its insurance clients an automated, all-in-one solution to financing, collections, and payables.

Ascend is a financial operations automation platform that aims to streamline all account receivables and payables related tasks in the agency bill workflow. From collections to premium financing to carrier payables, Ascend handles the activities associated with the movement of premium and commissions through an agency.

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Applied Surety Underwriters and SiriusPoint Ltd. have joined forces in an exclusive partnership aimed to maximize their joint impact in markets across the world starting with North America to deliver underwriting expertise, capital resources, and concerted marketing in the surety sector.

The new alliance brings together Applied Surety Underwriters, based in Houston and a division of Applied Underwriters, and SiriusPoint, an international underwriter of specialty insurance and reinsurance, headquartered in Bermuda.

Applied Surety concentrates on corporate, not-for-profit, and individual surety protection. The new partnership with SiriusPoint will provide Applied Surety Underwriters with expanded U.S. Treasury capacity.

Sources: FloodFlash, Ascend, Applied Underwriters