Pen Underwriting secures £100m capacity deal
Pen Underwriting has signed a capacity agreement that will allow it to write £100m worth of solicitors’ professional indemnity (PI) business over the next three years.
Square Insurance joins Recur Club’s portfolio with $1m funding boost
India-based Square Insurance Brokers Private Limited, a Rajasthan-based firm authorised by IRDA under the Insurance Brokers Regulations of 2002, has just added another feather to its cap.
NEXT Insurance achieves 500,000 active customer milestone
NEXT Insurance, a prominent digital small business insurer, has achieved a significant milestone by reaching 500,000 active small business customers.
Over 300 investors backed European InsurTechs in 2023
Investors flocked to back European InsurTech companies in 2023, with a total of 331 individual backers supporting the sector.
Singapore’s Singlife receives SGD $180m investment from Japanese insurer Sumitomo Life
Singlife, a financial services company from Singapore, announced a significant capital injection today.
Akur8 Accelerator for AI-Powered Pricing available for cloud users on Guidewire Marketplace
Akur8, the next-generation insurance pricing solution provider, has joined forces with Guidewire to introduce the Akur8 Accelerator for AI-Powered Pricing.
FWD Group partners with Microsoft to shape the future of AI-driven insurance experiences
FWD Group Holdings Limited and Microsoft have a four-year extension to their partnership that is designed to shape the future of AI-driven insurance experiences.
InsurTech OpenEyes bags $18m to reduce the cost of insurance for commercial automotive fleets
OpenEyes, an InsurTech company serving commercial automotive fleets, has emerged from stealth with $18m in Series A funding.
Cybersecurity solution provider SpiderOak snares $16.4m
Cybersecurity solution provider SpiderOak has collected $16.4m in its Series C funding round.
Mosaic Insurance introduces primary tech E&O coverage
Mosaic Insurance's cyber division has introduced primary technology errors and omissions (E&O) coverage, aimed at safeguarding tech companies from growing liability risk concerns.
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