Reinsurance News
Vitesse
Vitesse and Five Sigma partnership aims to enhance insurance claims processing
19th March 2025
Vitesse, a global treasury and payment provider for the insurance industry, and Five Sigma, a pioneer in AI-native claims management technology, aim to modernise claims payouts with their new partnership. With this alliance, both firms look to address the critical need for insurers to modernize their infrastructure, offering a seamless Plug ... Read the full article
Vitesse continues US expansion with Vitesse Trust launch in New York
6th December 2024
Vitesse, a global treasury and payment provider for the insurance industry, has officially launched its United States operations with the establishment of New York-based Vitesse Trust Company, LLC. The New York State Department of Financial Services granted Vitesse an Authorization Certificate which made possible the formation of Vitesse Trust, which will ... Read the full article
KKR leads Series C funding of $93m into Vitesse
24th May 2024
London domiciled Vitesse, a global insurance fintech, has completed a $93 million Series C funding round led by global investment firm, KKR, subject to customary regulatory approvals. Existing investors who participated included Hannover Digital Investments. The investment will support Vitesse’s expansion efforts into the US, whilst enabling the firm to continue ... Read the full article
Yokahu, FloodFlash & Vitesse collaborate on new parametric product
2nd December 2022
Climate risk insurance platform Yokahu, flood parametric insurtech FloodFlash, and global fintech Vitesse have collaborated on a parametric product to accelerate payments from insurers to policyholders to prevent small and medium-sized businesses from failing after extreme weather events. Leveraging its global digital banking distribution, Vitesse has developed a platform that allows ... Read the full article
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