Reinsurance News
funding
Aurora secures seed funding from QBE Ventures
23rd October 2024
Aurora, a digital commercial insurance platform, has secured seed funding from QBE Ventures, the investment subsidiary of the global insurer QBE Insurance Group. The funds will be used to enhance Aurora’s lead algorithmic trading proposition, expand its product offering, and enable the company to pursue new commercial distribution partnerships. QBE Ventures is ... Read the full article
BlackFin Capital Partners successfully closes Fund IV at €1.8bn
18th October 2024
BlackFin Capital Partners, a specialist in Europe’s financial services sector, is excited to announce the successful closing of the BlackFin Financial Services Fund IV at a total of €1.8 billion. This new fund exceeds its initial target of €1.5 billion, driven by strong interest from institutional investors, with 45% from Europe, ... Read the full article
DeNexus raises $17.5m in Series A funding, with backing from AXA XL
16th October 2024
DeNexus, a provider of cyber risk modelling solutions, has raised $17.5 million in a Series A funding round led by Punja Global Ventures with participation from AXA XL, Prosegur/SegTech and HCS Capital. From what Reinsurance News understands, DeNexus will use the funding to boost its growth and expand its product offerings ... Read the full article
Akur8 raises $120m to fuel its next-gen actuarial platform growth
16th September 2024
Akur8, a machine learning-powered insurance pricing and reserving platform, has secured $120 million in series C funding which will significantly bolster the company’s capacity to broaden its product portfolio and drive its expansion within global markets. With this latest funding round, Akur8 brings its total raised investment to $180 million. Launched in ... Read the full article
Inigo to fund research programme exploring how climate change impacts the risk of hurricanes
11th September 2024
Specialist insurer Inigo Limited has announced that it will be funding a three-year research programme at the University of Cambridge, which will apply the latest advances in both computing and AI in order to deepen understanding of how climate change has impacted the risk of hurricanes. According to the announcement, InSPIRe ... Read the full article
Accession Risk Management Group secures $1bn to fuel growth and expansion
22nd August 2024
Accession Risk Management Group, the parent company of Risk Strategies and One80 Intermediaries, has secured $1 billion in financing to boost its growth and support continued expansion. The financing includes a $900 million delayed draw term loan, which increases the company's existing unitranche loan, and a $100 million increase to its ... Read the full article
Insurtech funding shifts to $1.27bn in Q2, highest level since Q1’23: Gallagher Re
1st August 2024
The global Insurtech sector witnessed a significant rise in funding throughout the second quarter of 2024, amounting to US $1.27 billion, marking the highest levels of funding seen since the first quarter of 2023, according to latest findings unveiled by reinsurer Gallagher Re. Q2 2024 saw AI-centred Insurtechs obtain a grand ... Read the full article
Gradient AI raises $56.1m in Series C funding
30th July 2024
Gradient AI, the provider of proven artificial intelligence (AI) solutions for the insurance sector, has raised $56.1 million in Series C funding, in a round led by Centana Growth Partners, with participation from existing investors MassMutual Ventures, Sandbox Insurtech Ventures and Forte Ventures. Gradient AI will reportedly use the funds for ... Read the full article
First Street raises $46m to support advancements in physical climate risk modeling
25th July 2024
First Street, a provider of physical climate risk data, has finalised an oversubscribed Series A-1 funding round, bringing a total amount of $46 million raised. According to the announcement, this round was led by Innovation Endeavors, with other investors SE Ventures backed by global energy management and automation firm Schneider Electric ... Read the full article
wefox gets €25m capital injection from investors to support restructuring efforts
2nd July 2024
Insurtech wefox Holding AG, at its General Meeting, saw investors reaffirm their support for the company by providing an immediate fresh capital injection of €25 million. This capital will support the ongoing restructuring efforts for which the company has already taken substantial steps, with further capital being realized through the continued ... Read the full article
Supercede raises $15m in Series A funding round
27th June 2024
Supercede, a reinsurance tech firm, has completed a $15 million Series A funding round, led by Alven with contributions from Mundi Ventures along with an existing investor roster that included Outward, Seedcamp, MMC Ventures, and AFG Partners. The funds, according to the firm, will be used to advance its mission to ... Read the full article
IBISA raises $3m to expand parametric insurance offering in Asia & Africa
25th June 2024
IBISA, the global climate insurtech, has successfully closed a $3 million funding round, with the proceeds set to go towards scaling its parametric insurance solutions for weather-related risks in Asia and Africa. The round was led by The Acumen Resilient Agriculture Fund (ARAF) and Equator, alongside the Asian Development Bank Ventures ... Read the full article
ARC receives $27m from Dutch government to further promote parametric insurance in Africa
19th June 2024
African Risk Capacity Ltd. (ARC) has received a $27 million contribution from the Dutch government to help boost climate resilience in Africa, and further promote parametric insurance across the continent. According to the announcement, the funding will be channelled through the African Development Bank’s Africa Disaster Risk Financing Programme (ADRiFi) Multi-Donor ... Read the full article
Guidewire makes strategic investment in Indico Data
7th June 2024
Guidewire, a platform provider for property and casualty (P&C) re/insurers, has made a considerable investment towards a $19 million funding round for Indico Data, a firm which automates critical workflows for enterprises in document-intensives industries, including insurance and financial services. The company's latest funding round was led by .406 ventures, and ... Read the full article
Sixfold raises $15m in Series A round, confirms Lloyd’s Lab participation
6th June 2024
Insurtech Sixfold has raised $15 million in a Series A funding round led by Salesforce Ventures, in a move that is set to enable the company's expansion to the UK and Europe. The funding round also featured participation from Scale Venture Partners and all previous investors including Bessemer Venture Partners and Crystal ... Read the full article
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
