Industry News

Credit facilities dominate this week’s 33 FinTech deals, making up seven of the top ten deals.

Achieve, a California-based FinTech which provides digital personal finance solutions, has secured a $225m debt facility.

Munich Re Group, a provider of reinsurance, primary insurance and insurance-related risk solutions, is reportedly to increase its cyber cover prices in Germany and Europe.

Coalition, a cyber insurance provider, has partnered with BDT Capital to form Ferian Re, an independent Bermuda-based Class 3B reinsurer that will provide capacity across Coalition’s cyber programmes.

Australian bank CommBank has partnered with the Council of Small Business Organisations Australia (COSBOA) to launch Cyber Wardens, a new project to protect small businesses from cyber threats and scams.

NatWest Group has entered a strategic partnership with the Vodeno Group to create a new banking-as-a-service (BaaS) business in the UK.

Chewy, a platform for pet parents and partners, has expanded its insurance offering with plans provided by the digital insurer Lemonade.

Warren Buffet Berkshire Hathaway has completed its acquisition of insurance company Alleghany.

Digital insurance MGA for recreational boating Ahoy! has partnered with Vantage Recreational Finance (VRF) to provide an embedded insurance programme.

Cyber risk technology developer KYND has released the next generation of its cyber risk management for the managed service providers (MSP) sector.