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Shortly after its acquisition of car insurer Metromile, Lemonade reportedly laid off about 20% of the Metromile staff.

Lemonade, the digital insurance company that leverages AI technology has closed its acquisition of car insurer Metromile.

Inszone Insurance Services, a provider of benefits, personal and commercial lines insurance, has acquired Young Insurance Group.

Evertree, a technology-enabled personal lines insurance agency, has partnered with investment firm Integrum Holdings to launched Evertree Insurance, an omni-channel personal lines insurance distribution platform.

Davies, a provider of services and technology business to insurance and highly regulated markets, has acquired Asta Capital, a third-party managing agent at Lloyd’s, to form an insurance services “powerhouse.”

Sydney-based insurance startup Upcover has raised $4.7m in a seed funding round to further its mission to simplify insurance for Australian small businesses.

Duck Creek Technologies, a provider of intelligent solutions “defining the future of property and casualty (P&C) insurance”, has agreed to acquire France-based Prima Solutions’ flagship commercial reinsurance technology solution, Prima XL.

Zurich Insurance Group, is to sell its legacy traditional life insurance back book in Germany to Viridium Holding AG, a specialist in the management of life insurance portfolios in Germany.

This week saw a strong 37 deals take place, which showcased the continued attraction of the InsurTech industry, with growing attention being paid to pet insurance, as well as continued investment in Blockchain & Crypto, despite predictions this could be about to burst.

Intact Insurance Group, also known as Intact Insurance Specialty Solutions, has entered into a definitive agreement to acquire Highland Insurance solutions, the US construction division of Tokio Marine Highland.