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InsurTech funding was down 7.3% from $1.09bn in the prior quarter. -
The carrier is consolidating its venture capital activity into asset manager MEAG.
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The upcoming Lloyd’s Lab cohort 16 will include a dedicated Irish theme.
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The company will continue its capacity partnership with the MGA until 2030.
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This will be the 15th cohort of companies to go through the Lloyd’s Lab.
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The insurer has been under review with positive implications since March.
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Part III of our series looks at where AI is being integrated into underwriting departments.
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The lawsuit is the latest development in the multi-billion dollar reinsurance scandal.
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More investment in early stage firms is an indicator of bullish market, says Gallagher’s Johnston.
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In part II of our series, we look at where AI is being integrated into claims departments.
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Plus, the latest people moves and all the top news of the week.
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The cyber business will continue to operate as a standalone entity.
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The $2.6bn deal provides Ergo with an entry point to the US SME market.
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The company said the reduction was due to years of steady improvements.
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This is up from last year’s $1bn protection for its Florida treaty.
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The man is alleged to have conspired with others to falsify LOCs and collateral letters.
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The Corporation is poised to accelerate its investments in start-ups.
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He will also invest in the company.
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The Nordic operations have capacity provided by Allianz Commercial.
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The sale price represents Elephant’s approximate net asset value.
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The InsurTech was part of the fourth cohort at Lloyd’s lab.
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Ki cut its top line by 8.7%, while Beazley’s smart-tracker expanded to $481mn.
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Ahead of the deal, Ergo owned a 29% stake in Next, which generated top line of $548mn last year.
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Followers will automatically support primary or excess Inigo quotes.
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Hickman has previously held roles at RSA, LV and Axa.
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The broker attributed the drop to smaller average deal sizes over the quarter.
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The InsurTech is disposing of some non-core business units.
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The 2024 event saw 80 speakers address an audience of over 350.
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The minister highlighted London’s critical mass of expertise and tech innovation.
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Funding has reached $3.2bn over the first three quarters, 7% less than in 2023.
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PPL plans for iterative releases and a production environment by end of Q1 2025.
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The streamlined group consists of four brokers and four underwriters.
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Mark Hartigan will move to chair following a spell as interim CEO.
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The investment will be used to expand its product portfolio and continue global expansion.
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Coalition Re to offer active cyber reinsurance via two products supported by Aspen-led capacity.
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The deal covered US and European P&C liabilities for Accelerant's 2020-2021 underwriting years.
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The market is warned to think about overall ecosystem interactions rather than “digitalising by stealth”.
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Annual InsurTech funding volume for H1 was $2.2bn, just below $2.3bn for H1 2023.
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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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