shutterstock_1538300342

1 July 2024Insurance

Insurtech unicorn cuts insurance carrier, top execs in major shake up amid financial woes

An insurtech unicorn is shedding its insurance carrier, exiting business lines and parting ways with select top executives as part of a “profound” restructuring effort amid financial troubles. Less than two years ago, the digital insurer was valued at $4.5 billion in its Series D funding round.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Asia-Pacific insurance is defined by industry, not geography, says HDI Global lead

15 September 2026 Regional success relies on building long-term relationships based on trust.

Onex eyes another insurance play — but not a Convex rival

15 September 2026 CEO likes model forged with AIG, wants strategic partner for next big deal.

Underwriters’ biggest worry? Senior writers exiting industry without passing on knowledge

15 September 2026 Fears over AI replacing underwriters’ jobs almost negligible now.

More articles

Three markets, one opportunity: Axa’s Wan on navigating the GBA

APAC fac market heads towards stability after prolonged softening

EAIC returns to origin: calls for greater cooperation, resilience and protection across Asia

Future insurance talent will need judgement and empathy alongside AI, EAIC panel hears

Asia-Pacific insurance is defined by industry, not geography, says HDI Global lead

Keeping cool: assessing risk early key to getting strong data centre terms: Aon

UK uses EAIC to target Asian insurers and widen investment

Asia is building risk faster than protection as economies expand: Malaysian Re

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze