U.S.
Anthemis Raises $90M Venture Capital Fund for InsurTech Investments
Financial services venture capital firm Anthemis has raised $90 million for a new fund that will invest in fast-growing insurance technology startups, the company said on Thursday. Investors in the ...
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 ...
A.M. Best Downgrades Argo’s Credit Ratings After a Disappointing Q4
Argo Group International Holdings, already reeling from a tough 2019 fourth quarter and year, now must deal with downgraded credit ratings from A.M. Best. The Bermuda-based specialty insurer and ...
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. ...
Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted
Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe's biggest insurer. Chief ...
CNA Chooses Miralles as Its New CFO
CNA's CFO slot has a new person in the role. The Chicago-based property/casualty insurer said it appointed Al Miralles as executive vice president and chief financial officer. He replaces James ...