Reinsurance News
investment
Sompo anchors additional PIPE investment in Wejo
29th July 2022
Insurer Sompo International Holdings has anchored Wejo’s self-arranged $15.9m private investment in public equity (PIPE) investment in the latter, according to an announcement. According to Richard Barlow, founder and CEO of Wejo - a British connected vehicle data start-up -, Sompo’s new investment will help the company continue to advance its ... Read the full article
Insurance invests one in every three euros in public debt – MAPFRE
14th July 2022
The insurance sector invests one in every three euros in public debt, according to a new report by MAPFRE Economics. The report, ‘Global savings after the pandemic and insurance industry investments’, also finds that most insurance companies’ investments are allocated to fixed income, both sovereign and private debt, which greater weight ... Read the full article
Greenlight Re Innovations invests in security deposit replacement insurance start-up
1st June 2022
Greenlight Re Innovations, part of Greenlight Capital Re, Ltd. has announced an investment in the security deposit replacement insurance managing general agent (MGA) start-up, Garentii. With security deposits having long been the standard form of landlords’ security against property damage and unpaid rent, they do however represent an inefficient use of ... Read the full article
Tokio Marine launches $42m CVC Future Fund
21st April 2022
Multinational insurance holding company, Tokio Marine Holdings has announced the launch of Tokio Marine Future Fund – a Silicon Valley-headquartered corporate venture capital fund. Tokio Marine has committed €42 million to the initial fund with plans to deploy more capital into subsequent fund cycles. In a press release, it says that the ... Read the full article
Howden to acquire SPF as it continues its investment within the UK
13th April 2022
International insurance broker, Howden is to acquire UK financial services firm - SPF Private Clients (SPF). Subject to regulatory approval, the signing will extend Howden’s offering to the mortgage broking market while enhancing its existing general insurance and wealth management offering, including its high net worth and private client focused businesses. This ... Read the full article
KKR invests in Shriram General Insurance Company
13th April 2022
Global investment firm, KKR and Shriram General Insurance Company (SGI) have announced the signing of definitive agreements under which, subject to the receipt of the necessary regulatory approvals, KKR will acquire a 9.99% stake in SGI. KKR’s investment will help position SGI for continued growth in India’s fast-growing general insurance industry. Founded ... Read the full article
Newfront raises $200m at $2.2bn valuation to modernise insurance
12th April 2022
San Francisco-headquartered broker, Newfront Insurance has announced a $200 million investment at a $2.2 billion valuation to modernise insurance, led by the Growth Equity business within Goldman Sachs Asset Management and B Capital. Further participation in the round came from existing investors including Founders Fund and Meritech Capital. "The nature of risk ... Read the full article
Swiss Re invests in Climeworks’ $650mn equity round
6th April 2022
Reinsurer Swiss Re has invested in carbon dioxide air capture technology company specialist, Climeworks’ CHF 600 million (USD 650 million) equity round, which marks a major milestone for the company, and an even bigger step for the carbon removal industry. Last August, Swiss Re signed a ten-year purchase with Climeworks ... Read the full article
Munich Re’s HSB clients achieve strong ROI using IoT tech
4th April 2022
HSB - a commercial insurance underwriting division of global reinsurer, Munich Re has announced that its top 10 Internet of Things (IoT) customers achieved an average return on investment (ROI) of 506% in 2021, by preventing millions of dollars of potential property and equipment losses. The milestone was achieved through Sensor ... Read the full article
InsuResilience fund invests in Ghanaian insurer Vanguard
17th March 2022
The InsuResilience Investment Fund (IIF), managed by leading impact investment manager BlueOrchard Finance Ltd, has acquired 40% of Vanguard, a general and micro-insurance group operating in Ghana. IIF was set up in 2015 by KfW Bank on behalf of the Federal Republic of Germany, with its main purpose being to contribute ... Read the full article
Five Sigma expands Series A funding round with Aquiline
26th January 2022
Five Sigma, a claims management solution provider, has expanded its Series A funding round from Aquiline Technology Growth (ATG), bringing the company's total funding to date to over $20 million. The Series A funding was initially announced in September last year, with Five Sigma planning to use the proceeds to optimise ... Read the full article
Covid-19 prompts investment rethinking for insurers
24th January 2022
The Covid-19 pandemic, two years in, has caused major shifts in the investment policies of major insurers, according to a new report from bfinance. The Insurer Investment Survey, released this week, reports on how insurers have been working to improve their investment outcomes since March 2020. This move, said bfinance, in ... Read the full article
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