Insurance

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Insutech bolt names Jeff Staley head of sales

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Jeff Staley as Head of Sales. Staley will be responsible for leading bolt’s sales efforts across its core business segments and meeting the company’s growth targets.

/wholesale

Insurtech Cover Whale raise s$27.5m in debt and equity

Leading insurtech specializing in connected insurance for commercial auto, Cover Whale announces $27.5 million funding in debt and equity from investment funds managed by Morgan Stanley Expansion Capital.

/wholesale

Vitesse secures $93 million Series C

Vitesse, a leading treasury and payment solutions provider for the insurance industry, today announced the completion of a $93M Series C funding round led by leading global investment firm, KKR, with participation from existing investors, including Hannover Digital Investments.

/retail

ABN Amro to sell its stake in life insurance joint venture Neuflize Vie

ABN AMRO, through its French private bank branch Neuflize OBC, has entered into exclusive negotiations with BNP Paribas Cardif to form a strategic partnership in life insurance in France.

/retail

Erste Bank Hungary launches in-app flight delay insurance

Erste Bank Hungary, part of Erste Group, one of the largest financial services providers in Central and Eastern Europe, has launched Erste Flight Delay Insurance to its banking customers in their George app.

Wefox warns shareholders of insolvency

/startups

Wefox warns shareholders of insolvency

Insurance unicorn Wefox has warned investors that it may soon face insolvency due to financial losses and regulatory charges.

/retail

Cover Genius closes $80 million in Series E funding

Today, Leading insurtech for embedded protection, Cover Genius closes $80M Series E funding round.

/retail

Bunq to to bundle travel insurance into premium plans in tandem with Qover

Qover, a leading insurtech company driven by a vision of creating a global safety net through insurance, is proud to announce its partnership with bunq, the second largest neobank in Europe. bunq users across seven markets will have worldwide, one-time activation travel insurance included in one of their plan options.

Bunq makes GenAI assistant fully conversational

/retail

Bunq makes GenAI assistant fully conversational

Dutch neobank bunq has upgraded its GenAI assistant Finn to make it "fully conversational" and rolled out a travel insurance product.

/retail

Close Brothers Motor Finance extends customer outreach with Zuto

Vehicle finance provider, Close Brothers Motor Finance, has joined Zuto’s marketplace of trusted lenders, enhancing access to its products and digitising the customer journey.

/sustainable

Climate risk insurance outfit Arbol raises $60 million

Arbol, a leading climate risk solutions provider operating in over 15 countries, announced today that it has closed a $60 million Series B funding round, co-led by Giant Ventures and Opera Tech Ventures with participation from Mubadala Capital.

Q1 sees almost 500 fintech deals

/startups

Q1 sees almost 500 fintech deals

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).

/people

IPipeline appoints Adam Boone as CFO

iPipeline, a leading provider of digital solutions for the life insurance and wealth management industries, today announces the appointment of Adam Boone as Chief Financial Officer, who will lead the financial management activities for the growing global business.

/startups

Conversational AI insurtech PeppercornAI raises £3.25m

Insurtech PeppercornAI has raised £3.25 million in its latest funding round. The funding, of which Wealth Club raised £1.9m, included high net worth investors, existing investors EHE Capital and Angels Invest Wales.

/crime

Mulberri and Acronis partner for US SMB cyber insurance

Mulberri, an AI-driven insurance platform, today announced it has partnered with Acronis, a global leader in cyber protection, to embed Mulberri’s Cyber Insurance to Acronis small & medium-sized businesses customers based in the US.

/people

Insurtech bolt appoints Matt More CFO, North America

bolt, the insurtech with the country’s largest technology-enabled insurance exchange, today announced the appointment of Matt More as CFO for North America.

/wholesale

Genesis Global launches credit processing automation platform

Genesis Global launched a new solution to automate bank processes for offsetting credit risk in lending and financing businesses.

Insurers target crypto market

/crypto

Insurers target crypto market

The global insurance industry is turning its attention to the risks posed by cryptocurrencies and digital assets, judging by recent product announcements.

Cyber attacks cost financial firms $12bn says IMF

/security

Cyber attacks cost financial firms $12bn says IMF

Financial services firms have been hit with $12bn in losses over the last two decades as a result of cyber attacks, according to a recently published report from the International Monetary Fund (IMF).

/wholesale

Novidea raises $30m

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced it has raised an additional $30 million from HarbourVest Partners, bringing its total Series C round to $80 million, joining existing investors Battery Ventures, Cross Creek, Israel Growth Partners (IGP), KT Squared, and JAL Ventures.

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