Arabesque S-Ray, a data technology company, has raised $20m in a Series A funding round led by Allianz X, the digital investment unit of the …
Greenlight Re makes strategic investment in New Zealand’s insurtech Cove July 23, 2019 Verdict Staff AmeriLife acquires controlling stake in Brookstone Capital
AmeriLife Group, a US-based life insurer, has purchased a majority stake in investment advisory firm Brookstone Capital Management for an undisclosed sum. Upon completion of …
Generali makes two acquisitions worth $674m to boost presence in Portugal
Italian insurance major Generali has agreed to acquire Portuguese insurer Seguradoras Unidas and a smaller service company AdvanceCare in a transaction worth €600m ($674m). As …
vipHomeLink raises fresh funds to expand business in US
vipHomeLink, a digital home management solution provider, has raised $1.4m in second round of funding from a group of private insurtech investors. The company’s digital, …
Insurtech RiskGenius concludes Series B funding round
American insurtech start-up RiskGenius has concluded its Series B funding led Hudson Structured Capital Management (HSCM Bermuda). The financial round also witnessed the participation from …
Plymouth Rock makes deal to acquire Rider Insurance Company
Plymouth Rock Assurance has signed an agreement to acquire Rider Insurance Company, a New Jersey-based motorcycle insurance carrier, for an undisclosed sum. Takeover of Rider …
Brown & Brown snaps up assets of Innovative Risk and LSI Lender
US-based insurance and reinsurance provider Brown & Brown has purchased all of the assets of Innovative Risk Solutions and LSI Lender Services. Innovative Risk Solutions, …
London’s insurtech AkinovA seeks fresh funding in Series B round
AkinovA, a London-based insurtech start-up, has launched a Series B funding round to support its expansion plans. The company, which was set up in 2017, …
AMP faces regulatory hurdle in life insurance business divestiture
Investment manager AMP has said that the sale of its life insurance operations in New Zealand and Australia is “highly unlikely to proceed on the …
NFP buys Canadian insurance broker McLean Hallmark
NFP, a US-based insurance brokerage and consultant firm, has purchased McLean Hallmark Insurance Group to strengthen its presence in Canadian property and casualty market. Based …