expansion News
XL Catlin Leads Slice Lab’s $11.6M Series A; Expansion Eyed for Pay-Per-Use Insurance Platform
XL Catlin's investor arm is the lead backer of Slice Lab's new $11.6 million Series A financing, money the InsurTech startup will use to expand its on-demand pay-per-use insurance platform. Beyond XL ...
China Online Insurer ZhongAn Begins $1.5B Hong Kong IPO
ZhongAn Online P&C Insurance Co., China's largest online insurer, started taking orders for a Hong Kong initial public offering that could raise as much as $1.5 billion. The Shanghai-based ...
HDI Global Insurance Forms E&S Subsidiary
Industrial insurer HDI Global Insurance Co. (HDI) has formed an excess and surplus lines subsidiary, HDI Specialty Insurance Co. The new platform will "bring European expertise and solutions" to the ...
W.R. Berkley Is Launching Two Mexico Subsidiaries
W.R. Berkley Corp. said it has formed two subsidiaries in Mexico: Berkley International Fianzas México S.A. and Berkley International Seguros México S.A. Both have been granted official ...
InsurTech Startups Root, Slice, Lemonade Disclose State Expansions
InsurTech startups Root, Slice and Lemonade each announced they've expanded their operations into new states. Root, an auto insurance startup, said it can now do business in Arizona after debuting in ...
Canada P/C Giant Desjardins Seeks Acquisitions
Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada's big financial services firms, Chief ...
Markel Moves to Build Trade Credit Business in Canada
Markel International, the specialist insurer and subsidiary of Markel Corp., is launching its trade credit and political risk business in Canada. Markel Canada will handle underwriting for this on ...
Flood Risk Catastrophe Modeler Launches U.S. Office
JBA Risk Management, a provider of flood risk catastrophe modeling information in the UK, Canada and elsewhere, has launched a California-based U.S. office. "We are thrilled to be expanding our ...