Howden launches sustainable underwriter, plans $500m raise
International insurance broker Howden has introduced Parhelion Underwriting with the aim of raising $500m after it was seeded by Howden.
FCA slaps Lloyds Bank’s insurance division with £90m fine for misleading customers
The Financial Conduct Authority fined the insurance division of Lloyds Bank £90.7m for sending misleading renewal quotes to nine million customers.
Sweden-based Insurello nets $17.5m in its latest funding round
Swedish InsurTech company Insurello has received a SEK 150m ($17.5m) investment, after it moves past the milestone of SEK 200m ($23.3m) in paid insurance compensation.
What last week’s 31 FinTech investments means for the PayTech sector
Out of the 33 FinTech funding rounds we reported on last week, PayTech companies and lending enterprises were the clear winners.
Neptune and Attune team up to provide flood coverage to businesses
AI-driven flood insurance company Neptune Flood has partnered with Attune Insurance, a New York-based commercial insurance marketplace to provide business owners with flood insurance.Brokers...
Insurance firm Beneva teams up with FINEOS to scale its life and disability claims...
Canadian insurance company Beneva has entered into a partnership with systems provider for life, accident and health insurers FINEOS Corporation to leverage its SaaS technology for simplified claims management processes and improved customer service.
SiriusPoint backs InsurTech Joyn to transform underserved US SME market
Global insurer SiriusPoint has stepped up efforts to digitalise small and mid-market commercial insurance sector by investing in InsurTech Joyn Insurance.
Cyber insurance market to exceed $20bn value by 2025, report finds
A report by GlobalData has found the cyber insurance industry is predicted to exceed a $20bn gross written premium (GWP) value by 2025.
InsurTech startup Assured Allies scores $18.3m in its Series A
Assured Allies, which claims to help people make the most of retirement, has scored $18.3m in its Series A investment round.
France-based Assurly said to raise €6m seed round
Mortgage insurance provider Assurly has reportedly collected €6m in seed funding.
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