California’s property insurer of last resort told lawmakers that it’s financially unprepared to cover the...
Digital Drone Insurers Flying Together: SkyWatch Acquires DroneInsurance.com Assets
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance.com from REIN...
SkyWatch, a specialty InsurTech focused on digital insurance for the aviation industry, announced the acquisition of the assets of DroneInsurance.com from REIN...
Article / 6 months ago
Zurich Holding Company of America Acquires Cyber Counterintelligence Firm
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, announced the acquisition of SpearTip, a cyber counterintelligence firm that...
Zurich Holding Company of America, a subsidiary of Zurich Insurance Group, announced the acquisition of SpearTip, a cyber counterintelligence firm that...
Article / 8 months ago
Insurance M&A Drops Sharply Globally in 2023
Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a newly released report has found. M&A were down by 17 percent...
Regulatory changes and a reduced appetite for insurtechs are driving down insurance carrier mergers and acquisitions (M&A), a newly released report has found. M&A were down by 17 percent...
Article / 8 months ago
American Financial Group to Acquire Crop Risk Services From AIG for $240M
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk...
American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk...
Article / 11 months ago
Desjardins Avidly Searching for P/C Acquisitions
Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P&C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told...
Canada’s Desjardins Group is seeking acquisitions in the property and casualty (P&C) insurance space as it seeks to boost its presence across the country, CEO Guy Cormier told...
Article / 11 months ago
Metromile Receives Stockholder Approval of Merger With Lemonade
Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement...
Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement...
Article / 2 years ago
Kin Seals Acquisition Deal Involving 43 State Insurance Licenses; Reverse Merger Pending
Kin Insurance, an InsurTech focused on home coverage and related technology, has completed the acquisition of an inactive insurance carrier holding licenses in 43 states...
Kin Insurance, an InsurTech focused on home coverage and related technology, has completed the acquisition of an inactive insurance carrier holding licenses in 43 states...
Article / 2 years ago
Insurance Technology Firm Zywave Snatches Up Quoting Software Outfit ClarionDoor
Milwaukee-based Insurance technology firm Zywave reports it has acquired Santa Barbara, Calif.-based ClarionDoor, a seller of insurance product distribution software for the property/casualty market...
Milwaukee-based Insurance technology firm Zywave reports it has acquired Santa Barbara, Calif.-based ClarionDoor, a seller of insurance product distribution software for the property/casualty market...
Article / 2 years ago
Lemonade's Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public...
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public...
Article / 2 years ago
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans...
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans...
Article / 2 years ago