US-based RIMES Technologies has acquired EBR Analytics, a London-based benchmark regulation (BMR) focused regulatory technology (regtech) company, for an undisclosed price. The acquisition is said to confirm RIMES Technologies’ commitment to invest in catering to the requirements of financial sector companies of addressing business-critical regulatory challenges with advanced, data-centric managed services. RIMES Technologies, through the […]
Davies Group, a UK-based professional services and technology firm, has acquired Johnson Claim Service, a transportation claims specialist in the US that offers third party administration (TPA), adjusting and appraisal services. The financial terms of the deal have not been disclosed. Based in Tulsa, Oklahoma, Johnson Claim Service provides specialist end-to-end claims solutions mainly to […]
British insurance intermediary group PIB Group has acquired London-based real-estate insurance specialist Arlington Insurance Services for an undisclosed price. Founded in 2005, Arlington Insurance Services offers customized insurance broking service to professional property investors across the real estate sector. The company mainly focuses on commercial property assets. Arlington Insurance Services also provides professional indemnity, and […]
Back Office Technology, trading as Form3 Financial Cloud, a London-based fintech company, has raised $33 million in a new funding round for its cloud-native payment technology solutions. Following a Series B funding round in November 2018, Form3 Financial Cloud is said to have trebled in size and boosted its annual recurring revenue by 160%. The […]
Cobalt, a London-based foreign exchange (FX) post-trade infrastructure provider, said that it has secured an undisclosed investment from Standard Chartered, thereby expanding its bank investors. Standard Chartered, which became a client of Cobalt in February 2020 has now joined Citi as an investor in the latter’s network. The FX post-trade infrastructure provider claims to help […]
Quantexa, a UK-based contextual decision intelligence software company that helps organizations to drive improved decisions from their data, has secured $64.7 million in a Series C funding round led by Evolution Equity Partners. The funding round also saw the participation from existing investors Dawn Capital, HSBC, and AlbionVC. Also taking part in the Series C […]
Direct Line Group, a UK motor and home insurer, has agreed to acquire Brolly, a London-based digital insurance start-up that offers flexible, customized insurance products, for an undisclosed price. The deal, which is conditional, is likely to be completed during Q3 2020. Brolly is said to build digital insurance by combining technology and partnerships with […]
Absolutely, a London-based courier company, has acquired rival Go-Between Couriers (Go-Betweens) for an undisclosed price. Go-Betweens is a London-centric courier firm, which operates from Holborn, WC1. The courier company offers sameday, next day, and international delivery services. Absolutely said that the deal is in line with its growth strategy and follows its acquisition of 3D […]
Aon acquisition of Willis Towers Watson : Aon has signed an all-stock deal worth around $30 billion to acquire Willis Towers Watson in what will be one of the biggest insurance acquisitions ever. The Aon, Willis Towers Watson merger is set to create the largest insurance broker in the world with an implied combined equity […]
Concirrus, a London based marine and automotive insurtech company, has raised $20 million in a Series B funding round led by AlbionVC, the technology investment arm of Albion Capital Group. Current investors IQ Capital, EOS Venture Partners and several angel investors also took part in the funding round. The British insurtech company has developed Quest, […]
