Investment returns
RSA makes first fintech venture with pet wearable investment
RSA has made its first external fintech venture with a cash for shares investment in app-based pet specialist Pitpatpet.
AI service could transform claims handling of damaged vehicles
Artificial intelligence that can estimate vehicle repair costs within seconds just by analysing an image has the power to revolutionise claims handling, developers said.
Towergate vows to ‘drive out inefficiency’ with £40m investment
Towergate will spend the majority of the £40m it will raise through a rights offering on “driving out inefficiency”.
Towergate to receive fresh investment from shareholders
Towergate will receive £40m in additional investment through a rights offering.
Competition is the key challenge facing insurers
Increased industry competition is the biggest challenge to business for general insurers, according to a survey.
R&Q issues subordinate notes to support legacy activity in the US
R&Q has issued $20m (£16m) of floating rate S subordinated notes which will be due December 2023 from R&Q Re Bermuda, the group's 3A insurer.
French app-based start-up joins insurtech incubator programme
App-based insurtech start-up Cbien has joined as one of the 10 firms on Startupbootcamp’s 2017 programme.
Helvetia Insurance to invest £44m in start-ups
Helvetia Insurance is launching its own venture fund for investments in start-ups, with an aim of driving forward digitisation.
BP Marsh sells stake in Besso
BP Marsh has sold its stake in Besso, citing an inability to provide the “financial firepower” the Lloyd’s broker requires for further growth.
BP Marsh takes a further 6.87% stake in Nexus
BP Marsh has acquired a further 6.87% in Nexus Underwriting for £4m.
Hastings to be part acquired for up to £499.5m
Hastings could be part sold to a South African investment company for up to £499.5m.
Digital Fineprint closes investment round with help from Twitter VP
Insurtech start-up Digital Fineprint has closed a $400k (£315k) seed investment round.
Report outlines priorities for Guernsey's emerging insurance market
A report into Guernsey's "strong niche" insurance market, has identified areas to drive future growth.
Startup Bootcamp reveals 10 start-ups for insurtech acceleration programme
Startup Bootcamp has revealed the top 10 insurtech start-ups for its 2017 acceleration programme.
Neos enters partnership with Zoopla Property Group
Connected home insurance provider Neos has acquired investment as part of a new partnership with Zoopla Property Group.
Munich Re eyes up Iran entry
Munich Re is considering plans to provide its insurance services to Iran following sanctions relief at the beginning of the year, according to Iranian news broadcaster Press TV.
Industry welcomes £23bn investment in innovation in Autumn Statement
Plans by the government to contribute £23bn toward tech innovation have been welcomed by insurtech firms.
AJG's Michael Rea on the challenge of effective integration
The appetite for acquisition activity is undiminished, but buying is the easy part
Gallagher names Charles Crawford as UK operations director
Arthur J Gallagher has appointed Charles Crawford as UK operations director, subject to regulatory approval.
Towergate sells 17.9% of shares to LA Fitness owner
Towergate has been partially bought out by LA Fitness-owner Madison Dearborn Partners.
Barbon insurance to cut jobs as part of business restructure
Barbon Insurance is holding a consultation over a dozen jobs in its business following its takeover by Carlyle Group.
Editor's Comment: Shout out to the start-ups
Several times in my life I've stopped and taken stock and upon realising things weren't quite as they should be, I've chosen a new path.
Startupbootcamp and Eos sign £1m investment deal
Startupbootcamp has signed an agreement with Eos Venture Partners that will see up to £1m of funding put into its cohort 2017 start-ups.
Insurtech start-ups: Funding the future
Insurtech start-ups have a range of options to fund their business: from private equity to crowdfunding, from partners to business angels, from incubators to accelerators. Innovators are using old and new ways to raise money - and each of them has its…