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The insurance product provided by Armd and OneAdvent is underwritten by RSA.
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The investment will be used to develop Humn’s data capabilities, grow commercial teams and drive European expansion.
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Munich Re’s venture capital arm Munich Re Ventures has closed a $500mn Munich Re Fund II to invest in early-stage companies.
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The partnership will open up Verisk’s data and analytics services to Hug Hub’s clients.
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InsurTech UK has signed an agreement that will open up access for start-ups to Gibraltan officials.
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Trade body Insurance Europe has warned the Prudential Regulation Authority (PRA) that the temporary regime enabling EU reinsurers to trade in the UK will close before they know which of the Solvency II reforms will be taken forward.
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The specialist political and credit risk broker BPL collaborated with Euler using an API provided by Whitespace.
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Plus the winners of the Insider Honours and all the top news from the week.
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The firm is also planning a windstorm version for Florida hurricanes.
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The growing trend of InsurTech MGAs looking to transition to balance sheet companies has exposed the shortcomings of the MGA InsurTech model, TigerRisk president Rob Bredahl has said.
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Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.
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With more than 20 years in the industry, Mat Maddocks has worked for a variety of companies including Chubb, Aon and Convex.
