SoftBank News
Lemonade’s New $300M Financing Will Propel Expanded Insurance Offerings, European Push
Tech-driven insurance startup Lemonade Inc has signed a $300 million funding round led by Japan's SoftBank Group Corp, the company said on Thursday. Other investors included insurer Allianz SE, ...
Lemonade Investor SoftBank Will Pump More Money Into Insurance
SoftBank's Vision Fund plans to pump more money into insurance, a sector it sees as both ripe for disruption and a potential booster for its bigger bets in cars, health and financial services, a ...
German InsurTech Wefox, Survivor of Tussle With Lemonade, Nears Massive Financing
Wefox, one of Europe's fastest-growing insurance technology firms, is close to settling on a new "triple-digit million" euro funding round, with Softbank's Vision Fund among the suitors, three ...
Swiss Re Talks With SoftBank Over Possible Investment Stake Have Reportedly Stalled
Talks between billionaire Masayoshi Son's SoftBank Group Corp. and Swiss Re AG about buying a stake in the world's second-biggest reinsurer have come to a standstill, people familiar with the matter ...
Swiss Re Predicts SofBank Stake in Reinsurer Won’t Exceed 10%
Billionaire Masayoshi Son's SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss ...
Swiss Re Stock Soars on Rumors That $9.6B SoftBank Investment Getting Closer
Swiss Re AG jumped after people familiar with the matter said Japan's SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ...
Swiss Re CEO Mumenthaler Sees Value in Adding Anchor Shareholder
Swiss Re AG's chief said the reinsurer would welcome an anchor investor after being approached by billionaire Masayoshi Son's SoftBank Group Corp. In a business where results can change radically ...
Rash of Natural Disasters Made Reinsurers Desirable Acquisition Targets
The $500 billion reinsurance industry is experiencing a flurry of deal talks. One reason: Companies are finally for sale as a rash of natural disasters has depressed valuations and a influx of ...