QBE Insurance has committed £400m in capacity to Pen Underwriting’s UK and Ireland operations as part of a renewed strategic partnership. The collaboration has been extended through two multi-year agreements aimed at supporting specialised industries, according to the Coverager. The first is a three-year deal focused on Pen’s public sector business, RMP, with QBE providing capacity across property and casualty, financial...

DryRun Security, an AI-native enterprise dedicated to enhancing application security for development and security teams, has raised $8.7m in seed funding. The investment round saw contributions from lead investors LiveOak Ventures and Work-Bench, with additional support from Cannage Capital. The company specializes in a novel approach to application security, moving beyond traditional pattern-matching tools to a more intuitive, context-aware system. This...

Mbanq, a global leader in Banking-as-a-Service (BaaS) and FinTech solutions, has partnered with P2P, a digital financial platform focused on serving the Brazilian immigrant community in the United States. The partnership aims to simplify financial services for over one million Brazilian immigrants living in the US, according to FF News. By leveraging Mbanq’s advanced technology and regulatory expertise, P2P can offer...

As we step into 2025, organisations worldwide are bracing for a rapidly shifting regulatory landscape. According to 4CRisk.ai, with political shifts, evolving priorities at key regulatory agencies, and a widening gap between federal and state regulations, the need for proactive and strategic adaptation has never been more critical. From labour laws to cybersecurity standards, privacy regulations, and ESG commitments to...

Celonis, a global leader in process mining and process intelligence, has unveiled a new AI Agent designed to prevent insurance claim leakage. This innovation was co-developed with Apolix and is part of a suite of new apps launched in collaboration with the company’s ecosystem partners, according to InsurTech Insights. The launch addresses the growing need in the insurance sector for tools...

Award-winning pet insurance provider ManyPets, known for its innovative approach to InsurTech, has appointed Shane Larkin as its new chief marketing officer (CMO). This strategic hire comes as the company shifts its focus toward expanding its UK market share, driven by a transformation led by group CEO Luisa Barile, according to InsurTech Insights. The company has earned recognition for its competitive...

Percayso Inform, an insurance intelligence provider based in the UK, has enhanced its Quote Intelligence platform to address critical gaps in how insurance providers capture and analyse data. These shortcomings often result in missed opportunities to attract and retain high-quality customers. Percayso’s extensive analysis of hundreds of millions of quotes revealed the necessity of these enhancements, according to FF News. These...

BOXX Insurance, a leading global cyber InsurTech, has appointed Erik Tifft as head of products, alongside Jim Miller and Gil Cujcuj as distribution leaders for the east and west regions, respectively. These strategic appointments are aimed at supporting BOXX’s growth and expanding its footprint in the US market. BOXX Insurance specialises in providing comprehensive cyber insurance solutions, focusing on both businesses...

Key US WealthTech investment stats in 2024: US WealthTech deal activity plummeted by 70% in 2024 YoY California firms dominated the US WealthTech market as they secured 28% of the deals from the region Nassau, a digitally-driven provider of fixed annuities and asset management solutions, secured one of the largest US WealthTech deals of the year with a $200m...

Generative AI has continued its rapid evolution, becoming both a catalyst for innovation and a source of operational challenges.