Beazley suffers investment loss but shares jump due to improved underwriting
Beazley, a specialist Lloyd’s of London insurer, has suffered a $193m investment loss as a result of the market downturns triggered by the war in Ukraine.
Inszone acquires Colorado-based Young Insurance for US growth
Inszone Insurance Services, a provider of benefits, personal and commercial lines insurance, has acquired Young Insurance Group.
Gallatin Point backs Canadian life insurer ISI
Insurance Supermarket International (ISI), a digital life insurance provider in Canada, has closed a $100m minority investment from funds managed by Gallatin Point Capital.
Propeller to boost surety offering with SIAA
Propeller, an InsurTech MGA specialising in surety bonds, has entered into an agreement with SIAA, the largest alliance of independent insurance agencies in the US, to serve as a surety partner to their member agencies through the SIAA MarketFinder portal.
InsurTech NEXT Insurance and Evident to support small business insurance
InsurTech NEXT Insurance, which is on a mission to transform small business insurance, has teamed up with provider of third-party insurance verification services Evident, to provide NEXT's tailored insurance solutions to the small businesses that Evident verifies.
Corvus gets further support from SiriusPoint and R&Q
Corvus Insurance, a specialty insurance MGA offering Smart Commercial Insurance products powered by AI-driven risk data, has expanded its partnership with global specialty insurer and reinsurer SiriusPoint and R&Q Accredited, a programme management solution provider.
Builders opts for Gradient AI for a “complete picture of risk”
Mutual insurance company Builders had adopted technology from Gradient AI, an enterprise software provider of artificial intelligence (AI) solutions to the insurance industry.
Italian InsurTech startup Wallife scores €12m in its Series A
Italian InsurTech startup Wallife has nabbed €12m in its Series A funding round, which it claims is the seventh largest in Europe in the sector during 2022.
Cover-More Group leverages Dubber’s call recording technology for auditing
Australia-based Cover-More Group, which offers global travel insurance assistance, has leveraged Dubber’s call recording technology for auditing, compliance and legal purposes.
InsurTech Gateway sets out to close InsurTech funding gap with Seed Fund II
Insurtech Gateway, a champion of early-stage InsurTech startups, has completed the first close of its Seed Fund II which will support 20 teams over the next four years from pre-seed to Series A.
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