Technology/Science
Canadian InsurTech MGA Foxquilt Raises Seed Funding for Small-Biz Platform Development
A Canadian InsurTech focused on Small Business insurance said it raised $3.5 million in seed financing. Foxquilt, a Toronto-based MGA startup, said the funding will help it become a full-service ...
CoreLogic Rejects Unsolicited Bid, but Willing to Meet Bidders
CoreLogic's Board has unanimously rejected an unsolicited bid from an investment firm and hedge fund, calling it undervalued and not in the best interest of shareholders. The action is in response to ...
Lemonade’s Debut Day of Trading Sees 140 Percent Jump in Stock Price
Lemonade soared on July 2 as its stock price climbing nearly 140 percent in the InsurTech's debut day as a public company. It's a significant achievement for the New York-based startup, which only ...
Aclaimant, a Safety and Risk Management Software Startup, Raises $10M
The InsurTech Aclaimant secured $10 million in venture capital financing to help grow the reach of its workflow platform for safety and risk management. With cash in hand, the Chicago-based startup ...
CoreLogic Examines Unsolicited Acquisition Bid
Data and analytics firm CoreLogic disclosed it has received an unsolicited acquisition bid from an investment firm and hedge fund. Cannae Holdings and Senator Investment Group offered to acquire all ...
High-End Home Insurance MGA Openly Raises $15M; Expansion Planned
Openly, an InsurTech managing general agency focused on high-end home insurance, has raised $15 million in new funding. Plans call for using the cash infusion to expand the fledgling startup into a ...
Australia Government, Critical Infrastructure Targeted by State-Based Hackers
Australia's government, health and education services and various industries are being targeted by sophisticated state-based cyber attacks, Prime Minister Scott Morrison said Friday. Morrison said ...
Planck Raises $16 Million for Data Platform; Nationwide Becomes an Investor
Nationwide, eyeing the possibilities with Planck's AI-driven commercial insurance data platform, joined the company's latest financing round. Planck recently raised $16 million in a Series B venture ...