FinTech News

iA Financial Corporation is set to acquire Vericity in a significant all-cash transaction valued at approximately $170m.

Skyward Specialty Insurance Group, Inc., a leading player in the specialty P&C market, and eMaxx, a tech-enabled specialty provider of commercial P&C insurance captive solutions and programs, have come together to expand their captives partnership.

Scandinavian insurance giant Tryg has unveiled a series of strategic and structural modifications, including the consolidation of two key business lines and a significant workforce reduction.

Unless you’ve spent the past year under a rock, you’ll be aware of the excitement for generative AI. While many have used the technology to write emails, do homework or create CVs, generative AI could be one of the most transformative technology stacks to businesses. Laila Beane, the chief marketing officer at IntellectAI, the insurtech and wealthtech brand of Intellect Design Arena, recently delved into generative AI’s impact on insurance.

Cincinnati Re, the reinsurance subsidiary of The Cincinnati Insurance Companies, has added Christopher Toppi to its team.

K2 Insurance Services, an insurance services holding company, has recently publicised its strategic equity investment in Titan Flood.

Origami Risk, a leading risk, safety, and insurance Software as a Service (SaaS) technology firm, has announced the appointment of Chris Bennett as Chief Strategy Officer and Mike Kaplan as Division President within its Core Solutions unit.

Flood forecaster Previsico has raised further funding which is aimed to accelerate growth in Europe and enable US expansion.

INSHUR, a pioneering commercial auto insurance startup, has officially launched its insurance offerings for on-demand livery drivers in Arizona.

Florida-based Heritage Insurance Company has revealed that it has tapped Guidewire Software to significantly bolster its claims operation.