InsurTech
Munich Re’s Ergo Buys Next Insurance; InsurTech Valued at $2.6B
Munich Re said it has acquired Next Insurance, which will become part of the reinsurer's major primary insurance business, Ergo. The agreement in place values Next Insurance at $2.6 billion. Ergo ...
Lemonade CEO Declares ‘Best Quarter Ever,’ Posts Narrowed Q4 Loss of $30M
InsurTech Lemonade reported a fourth-quarter 2024 net loss of about $30 million and a loss for the year of about $202.2 million. Results were in comparison to a net loss of $42.4 million for ...
Startup E&S Broker’s Goal: Say Yes to Almost Anyone for Wildfire Cover
Stand Insurance's goal is to say yes to almost anyone. In January, about a month after the surplus-lines broker launched, Dan Preston, Stand's co-founder and CEO, told Carrier Management that the ...
InsurTechs Highlight New Approaches to Wildfire Insurance
Years before the January 2025 Palisades and Eaton fires sparked in high-wind conditions in Southern California, growing to rank among the top three most destructive in U.S. history, InsurTechs ...
Delos Insurance Solutions Tackles a Nonstandard Peril: Wildfire
Kevin Stein believes that wildfires no longer fit into the standard insurance market. Stein is the CEO of Delos Insurance Solutions, an MGA that focuses on homeowners insurance in California. When he ...
Parametric Insurance Meets the Wildfire Peril: InsurTech Kettle Responds
Could parametric insurance become a bigger piece of the wildfire insurance market? Kettle is an insurance and reinsurance MGA built around a proprietary wildfire model that was developed using AI and ...
Structure Data Boosts Understanding of Wildfire Risk: Faura CEO
Valkyrie Holmes, CEO of Faura, believes that a deep understanding of the structural qualities of buildings is crucial to insuring properties in areas at high risk for wildfires. Her company ...
Handwritten Ad to Inc. 5000: ReSource Pro CEO Talks Growth, Change
Dan Epstein walked into a New York career office in 2005 and noticed a handwritten ad seeking a sales and marketing professional to help with a startup company that provided insurance processing ...