Category : InsurTech

InsurTech Investment Services News

Brookfield Reinsurance to Acquire AEL in $4.3 Billion Transaction

GlobeNewswire
by GlobeNewswire0
Brookfield Reinsurance and American Equity Investment Life Holding Company announced that they have entered into a definitive agreement whereby Brookfield Reinsurance will acquire all of the outstanding shares of common stock of AEL it does not already own in a cash and stock transaction that values AEL at approximately $4.3......
InsurTech News

NFP Acquires Presidio Financial Services Corporation, Expands Its Specialized Medical Malpractice Insurance Expertise

Fintech News Desk
by Fintech News Desk0
Acquisition strengthens NFP’s P&C presence in the Western US NFP, a leading property and casualty broker (P&C), benefits consultant, wealth manager and retirement plan advisor, announced it has acquired Presidio Financial Services Corporation (Presidio). Based in Westlake Village, California, Presidio is an independent insurance brokerage that provides an extensive range......
InsurTech News

Nassau Financial Group Completes Acquisition of Delaware Life Insurance Company of New York

Business Wire
by Business Wire0
Latest expansion of Nassau’s New York insurance business Nassau Financial Group, L.P.  announced that its subsidiary, Nassau Life Insurance Company (“NNY”), has completed the acquisition of Delaware Life Insurance Company of New York (“DLNY”) from Delaware Life Insurance Company (“Delaware Life”), a Group 1001 company. “It has been our pleasure......
Finance InsurTech News

Lemonade Turns to Synthetic Agents to Finance Growth

Business Wire
by Business Wire0
Powered by General Catalyst, Lemonade’s Synthetic Agents program seeks to close the cash-flow gap and unlock cash-friendly scaling Lemonade , the digital insurance company powered by AI and social impact, announced it has partnered with General Catalyst (GC), a leading venture firm and an early investor in Lemonade, to create......
Cloud InsurTech News

INSHUR Partners with Google Cloud and Sada for Global Growth Acceleration

Fintech News Desk
by Fintech News Desk0
SADA will help INSHUR navigate their rapid growth and transformation to further revolutionize the insurance industry via Google Cloud solutions INSHUR, a leading provider of on-demand insurance for the rideshare economy is working with SADA, a leading business and technology consultancy and award-winning Google Cloud partner, to help them scale and transform......
InsurTech News

HUB Announces Highly Successful Debt Refinancing and Sizable Increase to Revolving Credit Facility

PR Newswire
by PR Newswire0
Transaction increases HUB’s liquidity to fuel acquisitions and strategic initiatives that drive organic growth Hub International Limited (HUB), a leading global insurance brokerage, announced the recent completion of a $6.9 billion debt raise to refinance the company’s $6.4 billion term loan debt that was coming due in 2025, extending the maturity of the......
InsurTech News

Slide Insurance Raises Additional $35 Million of Capital

Business Wire
by Business Wire0
Investment Fortifies Financial Position of Florida-Based Insurtech Slide Insurance, a full-stack insurtech focused on homeowners insurance, announced the closing of a $35 million senior credit facility with Regions Bank. “Regions has a long track record of success with growth-oriented companies in the property and casualty insurance industry” “Securing the capital......
B2B Fintech InsurTech Markets News

Launch Of An Incentive Programme By Corvus Insurance To Enhance Policyholder Security

Fintech Staff Writer
by Fintech Staff Writer0
Corvus Insurance the industry’s leading cyber underwriter that is backed by a proprietary artificial intelligence-driven cyber risk platform, launched a first-of-its-kind endorsement to help make policyholders safer through proactive engagement with Corvus SignalTM, the cyber risk prevention solution that has been shown to reduce the frequency and costs of cyber breaches......
InsurTech News Risk Management

kWh Analytics Reveals Top 12 Industry Challenges in Solar Industry Risk Management

Business Wire
by Business Wire0
kWh Analytics, the market leader in Climate Insurance, announced the release of its 5th annual Solar Risk Assessment, a comprehensive report designed to provide an objective and data-driven evaluation of solar risk. Report contributors included leaders in the solar energy industry, such as NREL, EnergySage, RETC, Envision Digital, BloombergNEF, Clean Power Research,......
1