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.
INSHUR secures $19m to scale operations with MS&AD backing
22nd October 2024
INSHUR, a global embedded insurance provider, has raised $19 million in its latest funding round to continue to strengthen market position across the US and Europe, bringing total funding to $78.5 million since 2019. The round was led by Viola Growth, with the participation of MS&AD Ventures and existing investors. The funding ... Read the full article
Inari partners with Diesta to enhance underwriting workbench
15th October 2024
Inari, a technology solution provider for global insurance and reinsurance companies, has partnered with Diesta, which offers streamlined premium processing platforms for insurance intermediaries. This partnership will integrate Diesta's premium processing and credit control features with Inari's underwriting workbench. Designed for Managing General Agents (MGAs), Inari’s underwriting workbench helps underwriters manage the ... Read the full article
$17m Series B funding secured and Anthony Segal-Knowles named as CFO at Ledgebrook
8th October 2024
Ledgebrook, an insurtech company, is pleased to announce the successful completion of a $17 million Series B funding round. This strategic raise brings two distinguished Family Offices onto Ledgebrook’s cap table: Duquesne (which led the round) and The Stephens Group, alongside continued support from long-time partners Brand Foundry Ventures and American ... Read the full article
Tokio Marine HCC and Tredder partner to launch adventure insurance product
23rd September 2024
Tredder, an insurtech company, has announced a new partnership with Tokio Marine HCC (TMHCC), a provider of specialty insurance. This partnership introduces a stand-alone supplemental insurance product tailored for the vehicle-based adventure community, positioning Tredder as a key player in the specialty adventure vehicle market. The new product offers comprehensive coverage for ... Read the full article
Zywave appoints Martin Simoncic as CEO and Christian Kasper as EVP & CFO
19th September 2024
Insurtech provider Zywave has announced the appointments of Martin Simoncic as Chief Executive Officer (CEO) and Christian Kasper as Executive Vice President (EVP) & Chief Financial Officer (CFO). Zywave is backed by Clearlake Capital Group and Aurora Capital Partners. Prashant Mehrotra, Partner and Managing Director, and Erik Hansen, Vice President, at Clearlake, ... Read the full article
SiriusPoint partners with travel insurtech Gigasure
4th September 2024
Global specialty re/insurer SiriusPoint has announced a new strategic partnership with travel insurtech Gigasure, which offers customisable insurance policies for travellers and backpackers. Policies will be underwritten by SiriusPoint, who becomes a distribution partner. IMG (International Medical Group, Inc.), a global insurance and assistance services company and subsidiary of SiriusPoint, will ... Read the full article
Re/insurance and insurtech focused RB Ventures launches in Dubai
19th August 2024
Venture capital firm RB Ventures has launched in Dubai established by Rohit Boda, Managing Director at India-headquartered re/insurance broker J.B. Boda Group. RB Ventures will facilitate venture capital investments into re/insurance, insurtechs and other related sectors while providing deal related services. The company aims to bridge the capital gap by offering opportunities ... Read the full article
Sprout, Britam, and LM Re launch parametric insurance for Kenyan coffee farmers
13th August 2024
Liberty Mutual Reinsurance (LM Re), a division of Liberty Mutual Insurance Group, has announced a new collaboration with Insurtech firm Sprout, Inc. and Britam, a financial services company serving as the local underwriter. Together, they are introducing a parametric insurance product aimed at safeguarding Kenyan coffee farmers from financial losses caused ... Read the full article
Embroker names Andrew Lea as CIO, Kristy Malm promoted to COO
8th August 2024
Digital insurance company Embroker has appointed Andrew (Andy) Lea as Chief Insurance Officer (CIO) and promoted Kristy Malm as Chief Operating Officer (COO). The firm stated these appointments follow a series of significant milestones for Embroker, including two major product announcements and the launch of a new distribution channel for broker ... Read the full article
Janover’s new insurtech platform hits profitability and boosts revenue by 60% in May
7th August 2024
Janover Inc., a provider of AI-powered solutions for commercial real estate transactions, has recently shared an update on its insurtech subsidiary, Janover Insurance Group. Launched in March 2024, Janover Insurance achieved profitability by May 2024. During that period, its monthly recurring revenue increased by more than 60% compared ... Read the full article
Ledger Investing launches new ILS subsidiaries, Fermat to manage casualty ILS funds
6th August 2024
Ledger Investing, an insurtech and insurance-linked securities (ILS) focused venture-backed company, has expanded its casualty ILS capabilities with the launch of two new Cayman-based subsidiaries. The firm has created Ledger Re SPC as a reinsurer that aims to provide institutional investors access to casualty ILS, and Ledger ILS Services, as a ... Read the full article
wefox completes two transactions to exit the German insurance market
2nd August 2024
InsurTech wefox has successfully completed two transactions to exit the German insurance market, aligning with the company's strategy to focus on profitable market positions of critical size If you recall, wefox's plans to exit the German market were announced in early July. It was revealed that wefox will only focus on ... 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
InsuranceDekho enters India’s reinsurance broking sector with composite licence
29th July 2024
India-based insurtech InsuranceDekho has received a composite insurance broking licence from the Insurance Regulatory and Development Authority of India, allowing the firm to offer reinsurance broking in addition to its insurance broking services. InsuranceDekho intends to add value in this segment by placing a portion of insurance risk of an insurance ... Read the full article
Insurtech funding in LatAm falls to historic low at $26m in H124
16th July 2024
Insurtech funding in Latin America (LatAm) fell to a historic low of $26 million during the first half of 2024, marking a 78% decline from the same period in 2023. Looking at the period between July 2023 - June 2024, inclusively, the total rose to $43 million, marking the lowest figure ... Read the full article
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