Sector Updates

Inclined Technologies has secured $8m in a Series B round led by HSCM Ventures, with Northwestern Mutual Future Ventures and other investors also participating.

InsurTech Inclined raises $8m Series B for expansion

Inclined Technologies has secured $8m in a Series B round led by HSCM Ventures, with Northwestern Mutual Future Ventures and other investors also participating.
Cytora powers TransRe’s digital reinsurance shift

Cytora powers TransRe’s digital reinsurance shift

TransRe has joined forces with digital risk processing platform Cytora to digitise its global facultative reinsurance operations, deploying Cytora’s agentic AI-powered Concierge service to overhaul its underwriting workflows.
Send hires Laura Wathen as CFO to drive next growth

Send hires Laura Wathen as CFO to drive next growth

Send Technology Solutions Ltd (Send) has appointed Laura Wathen as its new chief financial officer (CFO), as the InsurTech embarks on its next phase...

Aon and Redkik launch AI-powered cargo insurance

Aon has announced a multi-year collaboration with Redkik to modernise how cargo and shippers’ interest insurance is embedded across global supply chains.
MSIG USA partners Coalition for advanced cyber insurance

MSIG USA partners Coalition for advanced cyber insurance

MSIG USA has entered into a strategic collaboration with Coalition, the self-described world’s first Active Insurance provider, to deliver a new cyber insurance solution...
Herald and Joshu join forces to speed up insurance launches

Herald and Joshu join forces to speed up insurance launches

Herald and Joshu have announced a partnership aimed at transforming how insurers develop and distribute digital products, with the goal of significantly cutting time-to-market.
NFP

NFP acquires Bspoke to expand specialist insurance services

NFP, an Aon company and international insurance brokerage and consulting firm, has announced the acquisition of Bspoke Insurance Group, a leading platform of multi-class...
Safeco partners with Mercury for California coverage

Safeco partners with Mercury for California coverage

Mercury Insurance has announced a strategic partnership with Liberty Mutual Insurance to take on thousands of Safeco Insurance customers in California following changes to...
CyberCube and Wholesure join forces on SMB cyber cover

CyberCube and Wholesure join forces on SMB cyber cover

CyberCube has entered into a strategic partnership with Wholesure, the wholesale brokerage arm of Acrisure, to strengthen cyber insurance decision-making for small and medium-sized...
Hagerty prices upsized 9.7m share stock offering

Hagerty prices upsized 9.7m share stock offering

Hagerty has priced its upsized secondary offering of Class A common stock at $9.34 per share, with 9.7m shares being sold by Hagerty Holding...

News Stories

TPG-backed Third Wave broadens regional brokerage reach

TPG-backed Third Wave broadens regional brokerage reach

Third Wave Insurance, the retail insurance brokerage platform backed by global alternative asset manager TPG, has agreed to acquire five insurance and advisory firms...
Why Cover Genius snapped up Berlin's Friendsurance

Why Cover Genius snapped up Berlin’s Friendsurance

Cover Genius, the embedded protection infrastructure firm, has bought Berlin-based InsurTech Friendsurance, deepening its footprint in European bancassurance and reinforcing its reach across Germany,...
Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre takes 38.9% stake in InsurTech Tuio

Mapfre, the insurance group, has agreed to take a holding in Tuio, a specialist digital insurance distributor built on advanced technology and a mature...
Verisk deepens event response with MIS acquisition

Verisk deepens event response with MIS acquisition

Verisk, a strategic data analytics and technology partner serving the global insurance sector, has completed the purchase of McKenzie Intelligence Services (MIS), a firm...
Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo reaches $1.6bn valuation with AI motor insurance

Ominimo, a Budapest-based InsurTech using AI and advanced data analytics to transform motor insurance, has secured $22.5m in Series B funding at a $1.6bn valuation,...
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