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.
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.
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, 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.
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.
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 Broking Group has acquired a majority-share ownership in Norwegian Insurance Partner (NIP), an employee benefits broker, based in Bergen, Norway.
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.
Bermuda-based reinsurer Third Point Re has expanded its specialty treaty division with two new hires from Allied World Reinsurance Company.
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.