Lloyd’s of London, the global commercial insurance market, has announced that its CEO, John Neal, will step down in 2025 to take up a new role at Aon. Neal will become the global CEO of Aon’s reinsurance business and global chairman of climate solutions, according to Reuters. Lloyd’s of London, a specialist insurance and reinsurance market made up of more than...

Ethos, a leading provider of cutting-edge InsurTech solutions, has announced a strategic partnership with Protective Life Corporation and its subsidiary Protective Life Insurance Company, collectively referred to as Protective. The partnership will enable Protective to offer its proprietary term life insurance directly to consumers via Ethos’ advanced digital platform, according to FF News. The collaboration aims to simplify access to life...

Parsyl, a cargo insurance provider operating in the US and London, has announced it raised $20m in a Series C funding round. The Lightsmith Group led the round, with participation from HSCM Ventures, GLP Capital Partners, Lineage Ventures, and FirstTracks Ventures. Founded in 2017, Parsyl combines technology and insurance solutions to provide marine cargo coverage for goods in storage and transit....

Key United States InsurTech investment stats for 2024: US InsurTech deal activity dropped by 42% YoY Californian companies secured over 25% of all US deals as it cemented its places as the InsurTech hub in the US Sedgwick, a global leader in claims management, secured the largest US InsurTech deal in 2024 with a funding round of $1bn US InsurTech...

Dublin-headquartered Nomupay, a payments platform aiming to simplify access to fragmented global markets, has closed a $37m funding round, achieving a $200m valuation. The final $12m tranche of the September fundraising was led by Endeit Capital, with participation from Uneti Ventures, a backer associated with early Adyen employees, according to Finextra. Existing investors contributed $25m over the past 18 months, demonstrating...

Checkout.com, a global payment solutions provider, has partnered with noqodi to enhance the payment experience for businesses and consumers in the UAE. The collaboration aims to advance digital payments in the UAE by integrating Checkout.com’s cutting-edge payment solutions with noqodi’s platform, according to FF News. This integration is set to streamline payment processes, reduce friction, and improve operational efficiency for merchants...

Lumin Digital, a cloud-native digital banking provider, has partnered with FINBOA, a process automation specialist.

Greater Than, a global provider of risk intelligence for road safety and climate impact, has partnered with Smart Eye AB, the industry leader in Driver Monitoring Systems (DMS).

GlobalData has highlighted that adopting responsible AI practices can give businesses a significant competitive edge while also mitigating ethical and legal risks.

LogicMonitor, a leading SaaS-based hybrid observability platform powered by artificial intelligence (AI), and Gieom, a global provider of operational resilience solutions, have announced a strategic partnership aimed at bolstering operational resilience in financial services.