Risk
Covea to Acquire PartnerRe From EXOR for $9 Billion
EXOR has agreed to sell PartnerRe to French mutual insurer Covéa, a move that is turning out to be a very profitable thing for the Italian investment firm. EXOR bought the Bermuda-based reinsurer in ...
Parametric Insurance Offers Hotels Some Relief From Coronavirus Event Cancellations
Organizers of events called off because of the coronavirus are likely to miss out on insurance payouts because typical policies do not cover epidemic outbreaks. Hotels hit by cancellations may fare ...
D&O Coverage Challenges Are Increasing: A.M. Best
Directors and officers liability insurance has gotten trickier and will confront major new challenges over the next few years. Continued rate hikes and narrower coverage guidelines will be necessary ...
Unqork, a No-Code InsurTech Software Startup, Raises Major Financing Round
Unqork has raised $51 million in new financing, money it plans to use to fuel additional growth and expansion for its no-code application platform that helps large businesses rapidly build complex ...
Broker Investor Group Chooses 12 InsurTechs for First Cohort Program
BrokerTech Ventures, an investor group and accelerator program led by nine insurance brokerages, has selected 12 InsurTechs for its first cohort that convenes March 2 in Des Moines, Iowa, for a ...
Credit Karma to Be Acquired by Intuit for $7.1B
Intuit, the maker of TurboTax, QuickBooks and Mint, has agreed to acquire Credit Karma, the consumer technology platform, for approximately $7.1 billion in cash and stock. The combination brings ...
Updated: Tractable Raises $25M to Expand Reach of AI Accident Recovery Tech
Tractable, an InsurTech developing artificial intelligence for accident and disaster recovery, nailed down $25 million in new venture financing. The money infusion will be used to accelerate a push ...
Florida Carriers, Facing Market Turmoil, Pursue Massive Rate Increases
It's no surprise that Florida carriers are raising homeowners insurance rates given several years of catastrophes and losses from litigation related to assignment of benefits and water damage claims. ...