InsurTech
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A roundup of all the news you need today, including Lloyd’s chairman candidates.
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InsurX has grown its capacity beyond £100mn after adding D&F to its existing contingency business.
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The company’s investors have also provided EUR 25mn in fresh capital.
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Mark Hartigan reportedly backed a proposal to sell parts of the InsurTech to Ardonagh.
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The multiline MGA was co-founded by Lea's fellow Vantage alum Farhan Shah.
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AI is one of three ingredients needed for evolution in the industry, according to McKinsey senior partner.
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Since its launch, Bondaval has been operating exclusively as an MGA.
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AI-centred InsurTechs in Q1 accounted for 28% of all deals in the Global InsurTech report.
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The carrier's UK portfolio will no longer be written with an in-house team.
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Processing and product innovation companies are also in the cohort.
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The deal adds to Aspen’s existing support of the InsurTech in the UK and Canada.
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