Lemonade raises $300m funding to fuel expansion; SoftBank, Allianz, Google Ventures among investors
AI-powered insurtech company Lemonade has secured $300 million in Series D funding round led by Japanese conglomerate SoftBank Group, with participation from Allianz, General Catalyst, GV (Google Ventures - the venture capital investment arm of Alphabet), OurCrowd, and Thrive Capital.
Google's AI venture fund leads $3.85m investment in insurtech start-up Flyreel
US-based insurtech start-up Flyreel, a provider of artificial intelligence-powered underwriting solution for commercial and residential insurers, has secured $3.85 million in funding led by Gradient Ventures, Google’s AI-focused venture fund.
Atlas Financial mulls sale as it explores 'strategic alternatives'
Commercial auto insurer Atlas Financial is 'exploring strategic alternatives' including a potential sale of the company or certain assets, and has retained Sandler O'Neill + Partners as its financial advisor.
TransRe merges North America and LatAm units; reshuffles leadership roles
TransRe, the reinsurance arm of Transatlantic Holdings and a wholly owned subsidiary of Alleghany Corporation, is to merge its North America and Latin America divisions into TransRe Americas as part of its leadership transition.
Aon Risk Map 2019: populism and terrorism create new business threats
Evolving terrorist ideologies and attacks combined with the rise of populism in Europe present new risks for businesses worldwide, according to the Aon 2019 Risk Map.
Praedicat data identifies three candidates as ‘the next asbestos’ for insurers
Data analysts have predicted that the three biggest long tail risks facing casualty insurance today are glyphosate, opioids and talcum powder, or GOT for short, not to be confused with hit series Game of Thrones.
Howden acquires Norwegian insurance brokerage NIP in expansion move
Howden Broking Group has acquired a majority-share ownership in Norwegian Insurance Partner (NIP), an employee benefits broker, based in Bergen, Norway.
Aon uses artificial intelligence to extract critical data insights from historical documents
Re/insurance broker Aon has partnered with US-based insurtech Groundspeed to extract critical data insights from its unstructured documents using artificial intelligence (AI) technology.
Third Point Re poaches Allied World execs for specialty treaty division
Bermuda-based reinsurer Third Point Re has expanded its specialty treaty division with two new hires from Allied World Reinsurance Company.
Tokio Marine Kiln brings AXA XL underwriters to build A&H book
Specialist and corporate insurer Tokio Marine Kiln (TMK) has hired two underwriters from re/insurer AXA XL to expand its accident & health (A&H) book of business in the global market.
