SageSure, a leading managing general underwriter and insurance technology innovator, has secured a $375 million senior credit facility from funds managed by the U.S. Direct Lending and Alternative Credit strategies of Ares Management Corporation. Proceeds of the transaction will be used to refinance SageSure’s existing bank facility and to support strategic growth initiatives. “SageSure continues… Continue reading SageSure Secures $375 Million Senior Credit Facility
Tag: Insurtech
Top InsurTech Funding Rounds, January 2022
There were 41 funding rounds in the insurtech sector between Jan. 1 and Jan. 31, 2022, according to a review by Digital Insurance. What follows is a selection of the funding rounds. A portion of the data was sourced from Crunchbase. Accelerant $193 million, private equity round, Jan. 12 Description: Data platform for underwriters Round… Continue reading Top InsurTech Funding Rounds, January 2022
Data-fueled Insurance Platform Accelerant Announces Growth Funding Round in Excess of $190M
Accelerant, the insurtech empowering underwriters with superior risk exchange and data analytics coupled with long-term capacity commitments, today announced it has raised in excess of $190 million at a $2 billion pre-money valuation led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures, and others. Existing majority investor Altamont Capital Partners also participated… Continue reading Data-fueled Insurance Platform Accelerant Announces Growth Funding Round in Excess of $190M
Next Insurance Hires Former Airbnb Executive as CFO
Next Insurance Inc., a startup that provides insurance to small business owners, has hired a former executive from Airbnb Inc. as its new chief financial officer. Teodora Gouneva took over as CFO of the Palo Alto, California-based company last month after serving as vice president of finance for Airbnb for about two years, where she… Continue reading Next Insurance Hires Former Airbnb Executive as CFO
Zywave Acquires ClarionDoor
Zywave, an insurtech leader, announced today the acquisition of ClarionDoor, a Santa Barbara, California-based provider of the most intelligent insurance product distribution software available to the property and casualty (P&C) market. ClarionDoor’s digital distribution solution for carriers and MGAs, combined with Zywave’s existing configure, price, quote (CPQ) solutions for insurance agencies and brokers, solidifies Zywave… Continue reading Zywave Acquires ClarionDoor
Aussie Insurance Startup Cover Genius Raises Funds at A$1 Billion Valuation
Australian insurance startup Cover Genius Pty Ltd. boosted its valuation to A$1 billion ($729 million), after raising A$100 million from investors including G Squared and Japanese insurer Sompo Holdings Inc. The proceeds — about seven times more than what the company raised last year — will be used to expand in markets including the U.S.,… Continue reading Aussie Insurance Startup Cover Genius Raises Funds at A$1 Billion Valuation
Acrisure Enters Partnership with Quotall
Insurtech ecosystem specialist Quotall has entered into a strategic partnership with global insurance distribution business Acrisure. The partnership will see Acrisure provide insurance product sourcing and insurer partnership services to meet the portfolio needs of Quotall clients. The joint strategy will offer a consolidated solution for big brands across industry sectors that wish to launch… Continue reading Acrisure Enters Partnership with Quotall
Canadian Ratehub Inc. Launches Its Own Insurance Brokerage
Ratehub Inc. has launched its own property and casualty (P&C) brokerage, RH Insurance. This launch brings Ratehub Inc. one step closer towards achieving its goal of being Canada’s go-to source for digital personal finance products across insurance, mortgages, credit cards, investing and banking products. RH Insurance will enhance Ratehub.ca’s insurance user experience by helping customers… Continue reading Canadian Ratehub Inc. Launches Its Own Insurance Brokerage
Insurtech Waffle Closes $5M Seed Funding Round
Waffle, a New York based insurtech startup, raised $5m in seed funding. The round was led by Verve Ventures, with participation from BetterLabs Ventures and Techstars. The company plans to use the funds to continue to expand operations and its business reach. Led by Quentin Coolen, CEO & Co-Founder, Waffle is a consumer platform which… Continue reading Insurtech Waffle Closes $5M Seed Funding Round
Lemonade CFO Uses Social Media to Connect with Individual Investors
Insurance firm Lemonade Inc. is turning to social media channels to communicate with individual investors, a group that has demonstrated its influence in recent months by driving up the price of certain companies’ shares. Individual shareholders, many of them with more time on their hands during the pandemic, earlier this year banded together to buy… Continue reading Lemonade CFO Uses Social Media to Connect with Individual Investors