Core Speciality, Property and Casualty (P&C) Insurer, and Lancer Insurance group have revealed plans to merge their companies in a stock and cash deal. The operation, which is structured as a merger, will see Lancer work as a separately managed…
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Lemonade is planning to Enter Car Insurance Market
Lemonade is an insurance company that uses A.I. and behavioral economics, plans to add car insurance to its current renters which are homeowners, pet and life insurance offerings in the U.S. The insurtech announced it is developing what it calls…
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Insurtech startup Ignatica banks $7m in pre-series A money
Hong Kong-based insurance platform Ignatica said it raised US$7 million in a pre-series A funding round led by growth capital private equity fund Ling Feng Capital. Other backers such as US-based SOSV Investment Funds, Hong Kong-based AFG and Fund Australia-based Artesian also…
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TT Club warns of lasting effects from Suez blockage
TT Club, Transport and Logistics Insurance Company have warned about continuing supply chain risks resulting from the latest blockage of the Suez Canal. About 30% of the world’s container cargo by-passes through the Suez Canal every year. Due to the…
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The re/insurance broker BMS launches Pathlight Analytics
BMS the re/insurance broker has launched Pathlight Analytics, an analytics platform that runs across both the insurance and reinsurance industry. This platform has been created to aid clients with inspecting, analyzing, and interpreting data as it relates to their definite…
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Vericred Insurtech Raises $23 Million in Series B Round
Insurtech Vericred has raised $23 million in a Series B funding round led by Aquiline Technology Growth in an offering that was said to be oversubscribed. Vericred describes itself as kind of like Plaid but for insurance. Its API platform connects the…
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Farmers Insurance comes into a settlement over unpaid claims
Farmers Insurance has come into a settlement agreement with Oklahoma state over the earthquake claims which went unpaid. Mike Hunter General attorney of Oklahoma and Glen Mulready Insurance Commissioner revealed that they have reached a settlement of $25 million with…
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Star Insurance and Liberty Mutual raise $100m for NYDIG
Star Insurance and Liberty Mutual are amongst the leading Property and Casualty (P&C) insurers that have aided NYDIG to raise $100 million in added growth support. NYDIG is a provider of investment solutions and technology for Bitcoin. Simultaneously, NYDIG has…
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Agriculture Insurance Company of India partnered with Gramcover, a rural insurtech startup
The Agriculture Insurance Company of India Limited has partnered with Gramcover, a rural insurtech startup to collectively enhance rural insurance penetration. By utilizing the data that Gramcover has in the rural insurtech space, this partnership aims to target 25 million…
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Global Reinsurer Munich Re partners with Spectrum Labs to focus on AI safety systems
Global Reinsurer Munich Re has partnered with Spectrum Labs, to focus on a new industry standard for the safety of customers. Spectrum Labs offers technology to consumer internet brands to make it easy to identify toxic behavior online. This partnership…
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