Car InsurTech Marshmallow set to be latest British unicorn after reported new cash injection
Marshmallow Financial Services is soon to raise its latest fundraising round, bringing its valuation to $1.2bn, joining the ranks of other recent UK unicorns Starling Bank, Gousto and Zego.
HSBC Insurance enters agreement to buy AXA Singapore for $575m
HSBC Insurance is set to acquire the Singaporean arm of global insurer AXA in a deal worth $575m.
Vesttoo reels in $6m Series A to grow its insurance-linked programme
Israel-based alternative reinsurance and investment platform Vesttoo has raised $6mn in a Series A funding round led by Hanaco Ventures.
Breeze banks $10m to boost its disability and critical illness insurance offering
InsurTech Breeze closed a $10m Series A funding round led by Link Ventures with participation from Northwestern Mutual Future Ventures, Silicon Valley Bank, M25, Fiat Ventures and Invest Nebraska.
Hippo to expand underwriting ability with two new InsurTech partnerships
US InsurTech Hippo has doubled its underwriting capacity after it entered an issuer carrier relationship with Ally Financial subsidiary and a partnership with Motors Insurance Corporation.
Gift City, India InsurTech link to boost FinTech in insurance sector
Indian international financial services centre Gift City and the India InsurTech Association (IIA) have partnered to strengthen FinTech use in the InsurTech market.
Brookfield reinsurance arm enters $5.1bn agreement to buy American National
Brookfield Asset Management’s reinsurance branch has agreed to acquire multi-product insurance company American National Group for $5.1bn in cash.
Novidea eyes expanded InsurTech footprint by joining ACORD program
Cloud-based InsurTech Novidea has revealed it has joined the ACORD Solutions Group (ASG) Licensed Integrator Partner program to expand its global presence in the market.
Chubb to acquire Cigna’s life and non-life insurance firms in select APAC markets
P&C insurer Chubb has entered a deal to buy the life and non-life insurance companies of Cigma in seven Asia Pacific markets for a total of $5.75bn.
How InsurTech firms and CyberTech startups are leading the FinTech sector among the 34...
While BharatPe’s massive Series E round may have secured the most headlines last week, CyberTech ventures bagged the most capital injections.
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