Financial Services

MassPay Q3 Payout Volume Jumps 510% as Revenue Climbs 112%

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MassPay Q3 Payout Volume Jumps 510% as Revenue Climbs 112%

Las Vegas – October 15, 2026 -- MassPay reported a 510% year-over-year increase in third-quarter payout volume and a 112% rise in gross revenue, marking its third consecutive record quarter.

Volume growth accelerates every quarter while revenue growth rises

Payout volume grew 317% in Q1, 408% in Q2 and 510% in Q3, all measured against the prior-year period. Gross revenue growth rose from 98% in Q2 to 112% in Q3. The company said that as clients send more money through more corridors and rails, the model strengthens rather than thins.

CEO Ran Grushkowsky said clients are no longer testing the platform and are consolidating their money movement on it.

MassPay Collect launches in the US to bring funds in on the same platform

MassPay Collect went live in the US in Q3, letting businesses receive funds on the platform they already use for payouts. Europe, Canada and the UK are next on the roadmap.

Markel Hires Two Underwriters for London Marine & Energy Liability

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Markel Hires Two Underwriters for London Marine & Energy Liability

London – October 15, 2026 -- Markel Insurance, the insurance arm of Markel Group Inc. (NYSE: MKL), has appointed Josephine Stroud as Head of Energy Liability and Jenny McFarlane as Senior Underwriter for Marine & Energy Liability in its London Market team.

Markel brings Hull, MECO, Liabilities and Transport & Logistics under one Marine Transportation unit

Both hires follow the creation of Markel's Marine Transportation business within its London Market operations. The unit combines Hull & Hull War, MECO, Marine & Energy Liabilities (M&E), and Transport & Logistics. Markel says the structure gives brokers broader access to underwriting expertise across these portfolios.

Stroud and McFarlane are based in London and report into the Marine & Energy Liability team, part of the Marine Transportation business led by Grant Smith.

Excess Share Insurance Expands to South Dakota, Alaska, New Mexico

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Excess Share Insurance Expands to South Dakota, Alaska, New Mexico

United States – October 14, 2026 -- Excess Share Insurance Corporation (ESI) now covers 41 states and the District of Columbia and serves more than 350 credit unions after entering South Dakota, Alaska and New Mexico.

ESI adds three states to its national footprint

American Share Insurance (ASI) and its wholly owned subsidiary ESI are establishing a presence in the three states. Theresa Mason, President and CEO of both ASI and ESI, said the companies aim to build lasting relationships with credit unions in the new markets.

ESI covers balances above the $250,000 primary insurance limit

ASI is a member-owned share guaranty corporation licensed by the Ohio Department of Insurance. It provides up to $250,000 of primary share insurance per member account. ESI, which has operated since 1993, lets qualifying credit unions, both federally and privately insured, give members coverage above that level.

ALTA Inducts Craig Haskins as 2026-2027 President

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ALTA Inducts Craig Haskins as 2026-2027 President

Washington – October 14, 2026 -- The American Land Title Association (ALTA) has inducted Craig Haskins, a title insurance executive with more than 30 years of industry experience, as president for the 2026-2027 association year.

Haskins runs Knight Barry Title across four states

Haskins is president and CEO of Milwaukee-based Knight Barry Title, where he oversees operations and growth across Wisconsin, Minnesota, Michigan and Florida.

Within ALTA, he has served on the Board of Governors and as vice chair of the Best Practices Work Group, as well as on numerous committees and engagement groups. He currently sits on the board of directors of the Florida Land Title Association and previously served as president of the Wisconsin Land Title Association.

ZestyAI Models Pass 500 Regulatory Approvals Across 44 States

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ZestyAI Models Pass 500 Regulatory Approvals Across 44 States

San Francisco – October 14, 2026 -- ZestyAI's risk models have surpassed 500 regulatory approvals across 317 carrier rate and rule filings, with the company's regulatory footprint now spanning 44 U.S. states.

The approvals cover perils responsible for the vast majority of U.S. property losses: wildfire, severe storm, hail, non-weather fire, and non-weather water. They span personal and commercial property lines.

State insurance departments accepted ZestyAI models in rating and underwriting

Each approval reflects a state Department of Insurance reviewing a ZestyAI model within a carrier filing and accepting its use in rating or underwriting. The total includes new adopters as well as carriers extending ZestyAI models into additional states, perils, and programs.

AgroCap Financing Ranks No. 631 on Inc. 5000 After 543% Growth

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AgroCap Financing Ranks No. 631 on Inc. 5000 After 543% Growth

Henderson, Nevada – – October 14, 2026 -- AgroCap Financing, a specialty finance company serving agri-food businesses across North America, ranked No. 631 on the Inc. 5000 list of fast-growing independent U.S. companies, backed by 543% revenue growth over three years.

Non-recourse factoring advances up to 97% of invoice value

AgroCap attributes the growth to non-recourse factoring and receivables financing. The company advances up to 97% of invoice values, which removes credit risk for clients and gives them working capital without traditional debt obligations. Its clients span produce, agri-food, manufacturing and pet food.

Bind AI Launches Publicly With $10M to Automate Quote-to-Bind

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Bind AI Launches Publicly With $10M to Automate Quote-to-Bind

New York – October 14, 2026 -- Bind AI has launched publicly as an AI workforce for insurance, backed by $10 million in venture funding from Bonfire Ventures and other VCs. The company says it is already live with hundreds of insurance agencies and touching billions of dollars in commercial premium.

Bind AI automates submission intake, quoting, proposals and binding

The platform handles the full workflow from quote to bind on brokers' behalf. Bind AI says this saves agencies hundreds of hours per month.

The pitch rests on a time imbalance. Agents and brokers sell roughly 90% of business insurance in the United States, yet spend only about 10% of their time with clients. The rest goes to rekeying submissions, chasing carriers for quotes, assembling proposals and processing binds.

SMArtX Embeds Manager Marketplace, Trading Tools in AdvizorStack

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SMArtX Embeds Manager Marketplace, Trading Tools in AdvizorStack

West Palm Beach – October 13, 2026 -- SMArtX Advisory Solutions will embed its Manager Marketplace, proposal generation, trading and billing technology directly inside AdvizorStack's advisor environment under a new partnership targeting independent registered investment advisers (RIAs).

AdvizorStack's RIA network gets native access to SMArtX tools

AdvizorStack's network of independent RIAs will use the SMArtX capabilities within AdvizorStack's own platform rather than through a separate, third-party system.

AdvizorStack provides technology and operational support to help independent RIAs launch, transition and scale. It pairs hands-on consulting with a curated technology stack and has partnerships with custodians including Charles Schwab, Fidelity and Raymond James.

Corgi Insurance Names Daniel Oldham Head of Trucking Underwriting

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Corgi Insurance Names Daniel Oldham Head of Trucking Underwriting

Atlanta – October 13, 2026 -- Corgi Insurance has appointed Daniel Oldham, CPCU, as Head of Underwriting for Trucking. He grew a transportation book from $10 million to $39 million at his previous employer while maintaining underwriting profitability.

Oldham grew Canopius transportation book nearly fourfold

Oldham most recently served as Vice President and Head of Transportation at Canopius Group. There, he built the transportation portfolio from $10 million to $39 million. He also developed and launched a cannabis transportation insurance program and built an admitted trucking program.

His remit at Canopius included managing reinsurance relationships and expanding transportation offerings across admitted and non-admitted markets.

Integrity Signs Florida IMO Insurance Pro to AI-Driven Platform

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Integrity Signs Florida IMO Insurance Pro to AI-Driven Platform

Dallas – October 13, 2026 -- Integrity, LLC has partnered with Insurance Pro, a Kissimmee, Florida-based independent marketing organization whose Spanish-language radio show reaches more than 800,000 annual listeners, giving the agency access to Integrity's AI-powered technology platform and national partner network. Financial terms were not disclosed.

Insurance Pro gains IntegrityCONNECT, Ask Integrity and carrier access

Insurance Pro agents will use IntegrityCONNECT, which combines a leads system segmented by demographic with an integrated CRM. The platform gives agents a single view across all carriers, clients and plans. It is integrated with Ask Integrity, a voice-activated AI assistant that delivers in-the-moment prompts, coverage recommendations and policy lifecycle reminders.

Insurance Pro, led by Juan Carlos "JC" Doitteau and Adlyn Milena Lugo, also gains unified contracting and expanded carrier access through Integrity.