Reinsurance News
investment
Arch among backers of insurtech MGA Rainbow
18th January 2024
Rainbow, the digitally-enabled managing general underwriter, has raised $12 million in seed funding with participation from Arch Capital Group Ltd., Caffeinated Capital, Altai Ventures, Zigg Capital, 8VC, Buckley Ventures, and Habitat Partners. The company’s flagship program, an admitted business owner’s policy (BOP) product specifically tailored to the restaurant industry, is currently live ... Read the full article
RGA enters global life and health reinsurance partnership with DigitalOwl
17th January 2024
Reinsurance Group of America, Incorporated has announced a strategic investment and exclusive global life and health reinsurance partnership with insurance technology company DigitalOwl. Yuval Man, Co-Founder and CEO of DigitalOwl, commented, "With applications across numerous disciplines, including underwriting, automation, claims, and in-force analysis, DigitalOwl’s technology addresses inefficiencies that have plagued the ... Read the full article
F&G secures $250m investment from parent
16th January 2024
F&G Annuities and Life, Inc., has announced the closing of a $250 million preferred stock investment from parent Fidelity National Financial, Inc. (FNF), with F&G set to use net proceeds from the investment to support the growth of its insurance company subsidiaries. The terms of the agreement state that FNF has agreed ... Read the full article
Stone Point invests in ClearPoint Health to assist launch
9th January 2024
Connecticut-based private equity firm Stone Point Capital has invested in ClearPoint Health to "enable more affordable health insurance benefits for small and mid-sized employers." ClearPoint is a medical stop-loss captive platform for small and mid-sized employers founded by a veteran team of technologists, clinicians, and health insurance experts, in conjunction with ... Read the full article
Shorter investment portfolio duration impact marginal for reinsurers: Morgan Stanley
13th December 2023
Despite noting that certain investors feel that reinsurers are now more exposed by their shorter investment portfolio durations, analysts at Morgan Stanley believe that the impact should be marginal, while investment income should continue to see upside as most reinsurers are still witnessing improving investment yield. Morgan Stanley pointed out in ... Read the full article
Howden Ventures invests in Rosetta Risk Management to support MGA transition
7th December 2023
Rosetta Risk Management (RRM) has secured investment from Howden Ventures, which is set to "accelerate its transition to a fully tech-enabled construction insurance MGA." Currently a SaaS platform, RRM said it will aggregate construction risk performance data, "enriching the insights necessary to drive a more sustainable development sector." The firm continued, "By ... Read the full article
Fidelity National Financial to invest $250m in F&G
15th November 2023
Fidelity National Financial, Inc. (FNF) has announced its intent to invest approximately $250 million in F&G Annuities & Life, Inc. (F&G). FNF held approximately 85% ownership in F&G as of September 30, 2023. According to the announcement, F&G will use net proceeds from the investment to support the growth of assets under ... Read the full article
KatRisk receives strategic growth investment from TA Associates
3rd November 2023
Global catastrophe modeling software company, KatRisk, has received a significant strategic investment from global private equity firm, TA Associates, to accelerate innovation and growth. KatRisk is a provider of simulation software designed to quantify risk from global weather extremes, such as floods, storm surges, hurricanes, hail, wildfires, and tornadoes. The company's solutions, ... Read the full article
Root to accelerate UK and Europe expansion plans after Invenfin investment
3rd October 2023
Root, an end-to-end digital insurance platform has announced expansion plans as South Africa-based Invenfin, the venture and growth capital arm of Remgro Limited, has made a further investment of $1.5m in the company. Root, which was founded in 2016 in South Africa, offers a low-code platform that powers modern digital insurance ... Read the full article
Audax Private Equity to invest in Oakbridge Insurance Agency
27th September 2023
Audax Private Equity has announced a partnership alongside management to invest in independent insurance and risk management agency Oakbridge Insurance. Oakbridge is an insurance brokerage firm focused on commercial P&C, employee benefits, surety, personal P&C, and risk management services. It was formed in December 2020 by CEO and Co-Founder Robbie Smith ... Read the full article
Sensible Weather secures strategic investment from Amex Ventures to bolster climate finance platform
25th September 2023
Sensible Weather, a climate finance platform dedicated to empowering individuals to confidently engage with the world around them, has recently announced the closure of a strategic investment from Amex Ventures. This funding round also witnessed participation from Sensible's seed and series A lead investors, Wonder Ventures and Infinity Ventures, as well ... Read the full article
LeapFrog investment extends bolttech’s Series B to $246m
21st September 2023
International insurtech bolttech has welcomed LeapFrog Investments as a new strategic investor in an extension of its Series B round, which now totals $246 million, "the largest ever Series B round for an insurtech." bolttech suggested that it will use the proceeds from LeapFrog's $50 million commitment to support its ... Read the full article
HUB announces completion of “substantial” minority investment
19th September 2023
Global insurance brokerage HUB has successfully completed a substantial minority investment from Leonard Green & Partners, L.P. (LGP), along with several other prominent institutional minority investors. HUB had previously announced the deal with LGP in April 2023, confirming that it expects to receive a “substantial” minority investment from funds managed ... Read the full article
BlackRock’s Aladdin technology: Touching all aspects of an evolving investment ecosystem
12th September 2023
Unifying the investment management process on BlackRock’s technology platform, Aladdin promotes the creation of a surface for data to flow, enabling integration and data consistency for clients, according to David Schneid, General Manager of Aladdin Accounting. The platform combines sophisticated risk analytics with comprehensive portfolio management, trading, operations, ... Read the full article
Mitsui Sumitomo Insurance joins nT-Tao’s Series A funding round
1st September 2023
nT-Tao, a company dedicated to engineering compact and scalable nuclear fusion energy technology, has announced that Mitsui Sumitomo Insurance Venture Capital, the Japanese asset management arm of Mitsui Sumitomo Insurance Company, has joined its Series A funding round in a deferred investment for an undisclosed sum. Commenting on the participation, Ryosuke ... Read the full article
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