Reinsurance News
InsurTech news
Insurance and reinsurance technology related news, focused on the wave of interest in InsurTech start-ups, investing in insurance technology initiatives, as well as reinsurance tech start-ups or ReinsurTech.
Oxbridge Re targets insurtechs with first SPAC
19th July 2021
Cayman Islands based reinsurer, Oxbridge Re Holdings Limited, has launched a special purpose acquisition company (SPAC) called Oxbridge Acquisition Corp., which itself has filed an initial public offering (IPO) of its securities with the U.S. Securities and Exchange Commission (IPO). Oxbridge Acquisition Corp. has been established as a blank cheque company ... Read the full article
Sepio Systems partners with Munich Re on hardware mitigation solution
19th July 2021
Security and safety services firm Sepio Systems has partnered with reinsurer Munich Re as part of the launch of its Hardware Access Control Index (HACx), which aims to help organizations improve hardware security. The company offers a rogue hardware mitigation guarantee as part of its HAC-1 solution, whereby Munich Re insures ... Read the full article
Credit insurtech LimitFi closes seed funding round
16th July 2021
Limit Financial (LimitFi), a managing general underwriter (MGU) specializing in credit insurance and reinsurance solutions, has closed a seed funding round led by Des Moines-based ManchesterStory, a venture capital firm focused on the insurtech sector. LimitFi focuses on low-loss, conservatively structured credit risks where there is not considered to be an ... Read the full article
Consilium announces new DUA service for coverholders
9th July 2021
Consilium, an international re/insurance broker and part of the Aventum Group, has announced the launch of a new global delegated underwriting authority (DUA) service for coverholders, which aims to disrupt the current market for binder placements. The service, called Exponential, is available to both insurance and reinsurance coverholders and will provide ... Read the full article
Aon partners with insurtech Walbing on trade credit marketplace
8th July 2021
Re/insurance broker Aon has partnered with Hamburg-based fintech Walbing on the establishment of a service tailored for syndicated trade credit insurance. Those wanting to secure coverage will receive an offer directly via the new marketplace, with the respective contract concluded through Aon’s One Underwriting Agency. “In the midst of the corona pandemic, ... Read the full article
BMS Re opts for Relay’s F1 electronic placement system
7th July 2021
The US reinsurance arm of specialist broker BMS has selected Relay’s F1 electronic placement system to support its push for further growth across the sector. The broker portal combines a range of features designed to increase the ease of doing business, facilitate and integrate quotes from all reinsurers, and reduce the ... Read the full article
Insurtech Joyn strikes partnership, investment deal with SiriusPoint
6th July 2021
Insurtech Joyn has announced a key partnership and investment agreement with specialty re/insurer SiriusPoint, as the former looks to transform small and mid-market US commercial insurance using digital technology, data analytics, and automation. Initially operating as a Managing General Agency (MGA), Joyn will be focused on the underserved needs of businesses looking ... Read the full article
Insurtech firm bolttech secures $180mn in first funding round
6th July 2021
Insurance technology firm bolttech has secured $180 million in an oversubscribed series A funding round, led by Activant Capital Group. Also participating in the insurtech’s first funding round were Tony Fadell – Principal at Future Shape, Alpha Leonis Partners, Dowling Capital Partners, B. Riley Venture Capital and Tarsadia Investments Bolttech claims the ... Read the full article
Fairfax subsidiary Digit Insurance hits $3.5bn valuation
6th July 2021
Go Digit General Insurance, an Indian-based subsidiary and part of the Fairfax group, is set to raise approximately $200 million in new equity shares, valuing the company at approximately $3.5 billion. Agreements have been entered with firm’s such as Faering Capital, Sequoia Capital India, IIFL Alternate Asset Managers and certain other ... Read the full article
Player’s Health hires Naveen Anand as President of Insurance
5th July 2021
Insurtech start-up, Player’s Health has appointed Naveen Anand as its new President of Insurance. Anand brings over 30 years’ experience in the North American property and casualty insurance market, previously holding leadership roles at Chubb, CNA, Torus, and Hallmark Financial Services. He will be in charge of insurance strategy and growth for ... Read the full article
LiquidX gains brokerage license in Singapore
2nd July 2021
LiquidX, a global fintech solutions provider for working capital, trade finance, and insurance, has been granted approval by the Monetary Authority of Singapore (MAS) to offer insurance brokerage services in the country. The firm's Singapore entity, LiquidX Insurance Services (Singapore) Pte. Ltd. (LISS), can help banks, asset managers and funds, and ... Read the full article
HX launches data-driven insurance platform NOVA
1st July 2021
HX, the data analytics and advisory division of Howden Group Holdings, has announced the launch of NOVA, an insurance business platform designed to give users a better understanding of the market and its underlying drivers. By amalgamating unique data sets - including proprietary Howden pricing and placement information, loss trends, regulatory ... Read the full article
FGRe inks contract with leading insurtech firm
30th June 2021
Reinsurance and investment management firm FG Financial Group has announced that its reinsurance subsidiary, FG Reinsurance (FGRe), has entered into a contract with a leading Insurtech company. This is FGRe’s second reinsurance contract written since FG Global launched the subsidiary in June 2020. The contract provides automotive insurance utilising driver monitoring to ... Read the full article
Swiss Re’s iptiQ, ImmoScout24 launch loss of rent insurance product
29th June 2021
Swiss Re’s iptiQ has partnered with ImmoScout24, Germany’s leading online real estate platform, on a loss of rent insurance product designed to protect against the financial uncertainties that can arise from new tenancy agreements. As an insurance partner, iptiQ is offering ImmoScout24 customers a digital product that will cover the complete ... Read the full article
WTW begins digitally trading complex risks at Lloyd’s via Brit’s Ki
29th June 2021
Re/insurance broker Willis Towers Watson has started live trading complex commercial risks after integrating its broking platform with Ki. Ki was launched by Brit in collaboration with Google Cloud and its algorithm is able to evaluate the marketplace’s policies and automatically quote for business. The integration of its algorithmic underwriting with WTW’s ... Read the full article
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