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
Public Storage launches Savvy Storage Insurance Program to boost revenues and customer experience
Public Storage (NYSE:PSA) has unveiled its new Savvy Storage Insurance Program (“Savvy”), a groundbreaking tenant insurance initiative aimed at empowering property owners to augment ancillary ... Read More
Majesco, Microsoft forge alliance to revolutionize cloud insurance software
Majesco, a global pioneer in cloud insurance software solutions, and Microsoft, a titan in the tech industry, have announced a groundbreaking strategic alliance. The partnership ... Read More
3i Infotech, InsureMO announce partnership to transform insurance industry
3i Infotech Limited, a global IT company specializing in business transformation, has announced a strategic partnership with InsureMO, a leading Insurance Middleware Platform. This partnership ... Read More
TCS expands partnership with Athora Netherlands to transform insurance operations
Tata Consultancy Services (TCS) has broadened its long-standing collaboration with Athora Netherlands, a prominent Dutch life insurance and pension provider. The extended partnership aims to ... Read More