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News
AI stablecoin neobank Fasset raises $68 mn Series C at $1 bn valuation
2+ day, 15+ hour ago (86+ words) Insurance Nerds AI stablecoin neobank Fasset raises $68 mn Series C at $1 bn valuation Fasset Secures $68 Million in Series C Funding Led by SBI Group Fasset, an AI stablecoin neobank, has raised $68 million in a Series C funding round. The round…...
Income Insurance Scraps Hive Sale as Embed Faces CPF Court Case
3+ day, 18+ hour ago (71+ words) Insurance Nerds Income Insurance Scraps Hive Sale as Embed Faces CPF Court Case Income Insurance Halts Hive Sale to Embed Amid Legal Issues Income Insurance has decided to cancel the planned sale of its Hive operation to fintech company Embed....
Ondo InsurTech boosts executive and employee stakes via share incentive plan
1+ week, 7+ hour ago (73+ words) Insurance Nerds Ondo InsurTech boosts executive and employee stakes via share incentive plan Ondo InsurTech Expands Employee Ownership with Share Purchase Ondo InsurTech Plc has announced an increase in employee ownership by acquiring 61,860 ordinary shares. The company aims to boost…...
EQT strikes $2bn deal for insurance broker McGill
1+ week, 1+ day ago (64+ words) Insurance Nerds EQT strikes $2bn deal for insurance broker McGill EQT Agrees to Purchase Insurance Broker McGill for $2 Billion Private equity firm EQT has struck a deal to acquire insurance broker McGill for $2 billion. This transaction is the latest instance of…...
Mbappé-backed health start-up expands to west Africa
1+ week, 3+ day ago (85+ words) Insurance Nerds Mbappé-backed health start-up expands to west Africa Alan Acquires Senegalese Insurer Tanel Alan, a French health start-up backed by Kylian Mbappé, has announced its acquisition of Tanel, a Senegalese insurance company. This move marks Alan's expansion into the…...
HoneyQuote Acquired by Chicago PE Firm in Florida Insurtech Exit
1+ week, 4+ day ago (78+ words) Insurance Nerds HoneyQuote Acquired by Chicago PE Firm in Florida Insurtech Exit Private Equity Firm Acquires Miami-Based Insurtech HoneyQuote A private equity firm based in Chicago has acquired HoneyQuote, an insurance technology startup from Miami Lakes. This acquisition represents a…...
What Accelerant's "Nest" filings reveal about its next move
2+ week, 5+ day ago (76+ words) Insurance Nerds What Accelerant's "Nest" filings reveal about its next move Accelerant Holdings Files Trademark for Potential Insurance Platform Accelerant Holdings has filed a trademark for a potential insurance platform named "Nest." According to the filings, the platform could encompass…...
Munich Re to acquire cyber insurtech At-Bay for $575m
3+ week, 14+ hour ago (87+ words) Insurance Nerds Munich Re to acquire cyber insurtech At-Bay for $575m Munich Re to Acquire Cyber Insurtech Firm At-Bay for $575 Million Munich Re has announced an agreement to acquire At-Bay, a cybersecurity insurance technology company based in the United States. The…...
August Equity backs InsurTech MGA Starpeak
3+ week, 1+ day ago (48+ words) Insurance Nerds August Equity backs InsurTech MGA Starpeak August Equity Invests in InsurTech MGA Starpeak August Equity has invested in InsurTech Managing General Agent (MGA) Starpeak. The investment aims to support Starpeak's technology-driven growth strategy. Further details are available at…...
Munich Re acquiring Israeli cyber insurance startup At-Bay in deal worth hundreds of millions
3+ week, 3+ day ago (99+ words) Insurance Nerds Munich Re acquiring Israeli cyber insurance startup At-Bay in deal worth hundreds of millions Munich Re to Acquire At-Bay in Significant Investment Move Munich Re, the German insurance company, has agreed to acquire At-Bay, an Israeli startup that…...