InsurTech Hippo Lays Off 20% of Employees
InsurTech Hippo Holdings said it has "initiated an organizational realignment" by laying off about 120 employees, or 20 percent of its workforce.
Lloyd's has announced the 12 teams that will join the 11th cohort of the Lloyd's Lab, the InsurTech accelerator hub for developing innovative insurance products in the ...
Canopy Connect Raises $6.5M in Series A Funding Round
Canopy Connect, a platform for collecting, verifying, and monitoring insurance information, announced it closed a $6.5M series A funding round to accelerate growth and increase product velocity. ...
Submarines to Solutions: Navy Vet Brings Expertise to Insurance
Growing up, the military was always in the background of John Spencer's life. His father served in the U.S. Marines. A U.S. Air Force loomed near his hometown of Fairborn, Ohio. And though enlisting ...
Digital Drone Insurers Flying Together: SkyWatch Acquires DroneInsurance.com Assets
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance.com from REIN yesterday. Financial terms of the deal ...
Homeowners InsurTech Openly Raises $100M in Series D
Homeowners InsurTech Openly announced it has raised $100 million in Series D funding. The round was led by Eden Global Partners, a financial institution specializing in providing long term capital ...
Delos in California Raises $7.3M in Seed Extension Round Led by IA Capital Group
Delos Insurance Solutions in California announced a $7.3 million seed extension round, enabling the managing general agent's expansion in the California homeowners' insurance market. The seed ...
Hippo Investors Call for Strategic Review by Board, Other Actions
Members of the board of directors of InsurTech Hippo were on the receiving end of an open letter from a "concerned shareholder group," yesterday, urging board actions to preserve the value of a ...
CLARA Analytics Raises $24M in Series C, Furthers AI Adoption
CLARA Analytics, a provider of artificial intelligence technology for insurance claims optimization, announced its $24 million Series C funding. This brings its total funding to $60 million. The ...
After Countrywide Pause, InsurTech Hippo Slowly Reemerging Next Week
A profitability problem that would have otherwise taken InsurTech Hippo half a year to correct is on the mend after just 30 days, the chief executive officer said at an investor conference Thursday. ...
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific