Credit facilities dominate this week’s 33 FinTech deals
Credit facilities dominate this week’s 33 FinTech deals, making up seven of the top ten deals.
California FinTech Achieve lands $225m debt facility
Achieve, a California-based FinTech which provides digital personal finance solutions, has secured a $225m debt facility.
Munich Re to increase cyber cover prices
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.
Cyber insurer Coalition forms Ferian Re with BDT Capital
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.
Australia sees new Cyber Wardens program launch to educate
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 partners with Vodeno to create new BaaS business
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 teams up with Lemonade to support pet parents in the US
Chewy, a platform for pet parents and partners, has expanded its insurance offering with plans provided by the digital insurer Lemonade.
Buffet’s Berkshire Hathaway acquires insurer Alleghany for $11.6bn
Warren Buffet Berkshire Hathaway has completed its acquisition of insurance company Alleghany.
Ahoy! launches embedded insurance with VRF
Digital insurance MGA for recreational boating Ahoy! has partnered with Vantage Recreational Finance (VRF) to provide an embedded insurance programme.
KYND launches cyber risk management tools for MSPs
Cyber risk technology developer KYND has released the next generation of its cyber risk management for the managed service providers (MSP) sector.