Emerging Markets
Indian Fintech Startup Digit Is Raising $200M to Boost Insurance Customer Reach
Indian fintech startup Digit boosted its valuation to $3.5 billion in a fresh funding round, gaining capital for its effort to win insurance customers via mobile technology. The company is raising ...
Tentative Compensation Agreement Reached Over Suez Canal Ship Blockage
A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute ...
Generali to Acquire AXA Malaysia Insurance Assets
Italy's top insurer Generali has agreed to buy Axa's insurance assets in Malaysia and take full ownership of a joint-venture it runs in the country to strengthen its local presence. The deals will ...
AXA’s Asia Units, New Zealand Health Provider Struck by Ransomware Attacks
The Thai affiliate of Paris-based insurance company AXA said Tuesday it is investigating a ransomware attack by Russian-speaking cybercriminals that has affected operations in Thailand, Malaysia, ...
Amazon-Backed Digital Insurer in India Hopes to Raise $200M in New Financing
Acko General Insurance Ltd. is weighing a new funding round that could value the Indian online insurer at more than $1 billion, according to people familiar with matter. The Amazon.com Inc.-backed ...
Chinese InsurTech Waterdrop Reportedly Raises $360M in NY IPO
Chinese online insurance technology firm Waterdrop Inc has raised $360 million by pricing its shares at $12 a piece in its New York initial public offering (IPO), according to two sources with direct ...
China-Based InsurTech Waterdrop Hopes to Raise $360M in New York IPO
Chinese online insurance technology firm Waterdrop Inc aims to raise up to $360 million in an initial public offering on the New York Stock Exchange, company filings show. Waterdrop, which is backed ...
China Fintech Firm Clampdown Widens
Chinese financial watchdogs on Thursday summoned 13 internet platforms engaged in finance business, including heavyweights Tencent and ByteDance, to order them to strengthen compliance with ...