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Mark Hartigan reportedly backed a proposal to sell parts of the InsurTech to Ardonagh. -
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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The funding will allow the firm to release Yurty, a digital care app.
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Pravina Ladva, Swiss Re's group CDTO, sets out experiments the carrier is conducting with generative AI.
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Artificial Labs undertook the Lloyd’s Lab accelerator programme in 2020.
