Tag: Insurance industry news
Agam Capital, American Equity unveil next-gen life insurance in India
In a landmark move set to redefine the insurance landscape, Agam Capital and American Equity Life announce their groundbreaking plan to introduce a next-generation life ... Read More
Thinktum acquires Illustrate Inc. to emerge as no-code leader in insuretech
Waterloo, Ontario-based Thinktum Inc. has announced the acquisition of Illustrate Inc., a company with offices in Overland Park, Kansas, and Toronto, Ontario. This pivotal move ... Read More
Sumitomo Life to acquire Aviva’s stake in Singlife for £800m
Aviva plc has agreed to sell its 25.9% stake in Singapore Life Holdings Pte Ltd (Singlife) to Sumitomo Life Insurance Company for a total cash ... Read More
Direct Line Group to sell commercial insurance business to RSA for £520m
Direct Line Insurance Group has entered into an agreement to sell its brokered commercial insurance business lines to RSA Insurance Limited, a subsidiary of Intact ... Read More
Prudential Financial, Warburg Pincus launch Prismic Life Reinsurance with $1bn initial investment
Prudential Financial, Inc. (NYSE: PRU) and Warburg Pincus have announced the formation of Prismic Life Reinsurance, Ltd., a Class E Bermuda-based reinsurance company. The venture ... Read More
Westland Insurance makes strategic move with Insurance Matters acquisition
Westland Insurance, a leading independently-owned insurance brokerage in Canada, has acquired Insurance Matters Inc. in a strategic move to solidify its foothold in Saskatchewan. This ... Read More
Intact Financial, RSA to acquire Direct Line’s commercial lines for £520m
Intact Financial Corporation (TSX: IFC) and its subsidiary RSA have struck a deal to acquire Direct Line Insurance Group's brokered Commercial Lines operations for an ... Read More
Coaction Global raises $200m equity raise for specialty insurance growth
Coaction Global, a rising player in the specialty insurance sector, has successfully raised approximately $200 million in an equity capital round. This strategic financial move ... Read More
Barcelona-based Inari secures $5.2m for global insurance tech services
Barcelona-based core technology infrastructure provider Inari has successfully raised $5.2 million in a seed funding round led by Caixa Capital Risc through Criteria Venture Tech. ... Read More
CLARA Analytics announces $24m Series C for AI in insurance claims
CLARA Analytics, a leading provider in the AI-driven insurance claims optimization sector, has secured $24 million in its Series C funding round. The latest investment, ... Read More
