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AM Best assigns strong credit ratings to Swiss Re-backed Coefficient
26th October 2020
AM Best has assigned a Financial Strength Rating of A- (Excellent) and Long-Term Issuer Credit Rating of “a-” to Coefficient Insurance Company. The outlook assigned to these ratings is stable. Coefficient, a Verily subsidiary focused on employer stop-loss, is backed by Swiss Re Corporate Solutions, the commercial insurance arm of reinsurance giant ... Read the full article
Munich Re, Alphabet-backed insurtech Next secures $250mn in funding
24th September 2020
Next Insurance, the digital insurtech firm backed by Munich Re, has raised $250 million in a Series D financing round led by Alphabet's independent growth fund, CapitalG. Alphabet is the parent company of Google and several former Google subsidiaries. CapitalG Partner Sumiran Das will join the Next Insurance Board of Directors. Next Insurance ... Read the full article
Google’s Verily launches insurance partnership with Swiss Re
25th August 2020
Swiss Re Corporate Solutions (Swiss Re CorSo), the commercial insurance arm of reinsurance giant Swiss Re, is backing a new Verily subsidiary focused on employer stop-loss called Coefficient Insurance Company. Verily is the life sciences and healthcare subsidiary of Alphabet, the parent of Google. The firm's new insurance subsidiary, Coefficient, has ... Read the full article
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