Venture capital
Lloyd's pitches automated online platform as it consults on future strategy
Lloyd’s CEO John Neal today launched a 10-week consultation on the future strategy of the insurance market, presenting six proposals that “could form the blueprint for a new Lloyd’s”.
Insurtech start-up Insurdata raises $3m in seed round
Insurtech Insurdata has secured $3m (£2.29m) in seed funding from a group of investors led by Anthemis and Menlo Ventures.
Wrisk eyes £3m raise as it looks to launch car insurance
Exclusive: Insurtech Wrisk has launched a crowdfunding campaign to raise £750,000 as part of a series A round, as it gears up to begin offering car insurance.
Ireland sets up insurtech hub to fuel growth
A government-backed insurtech centre has been set up in Ireland in a bid to boost the country's start-up scene.
Lemonade rival Wefox gets $125m for Europe expansion
Berlin-based insurtech Wefox Group has raised $125m (£95m) in a series B funding round led by Mubadala Investment Company.
Insurtech Shift secures $60m funding
Insurtech Shift has raised $60m (£45.5m) in a series C funding round led by Bessemer Venture Partners.
Pay-per-mile motor insurtech By Miles raises £5m
By Miles has raised £5m in a Series A funding round led by Bought by Many investor, Octopus Ventures.
UK insurtech attracts $1bn of investment in 2018
UK insurtechs saw over $1bn (£780m) of funding in 2018, up from $792m the previous year.
Inshur picks up $7m investment in Munich Re-led funding round
Inshur is eyeing further expansion, having raised $7m (£5.4m) in its Series A funding round, in addition to gaining a $2m credit facility.
Honcho plots series A funding round
Exclusive: Aggregator disruptor Honcho will look to raise more capital through its series A round later this year.
This week: What does the fox say?
Brightside’s new managing general agent Kitsune takes its name from the Japanese word for fox. The animal is much admired in Japanese folklore for its intelligence and supernatural abilities – characteristics all the insurance companies that announced…
Zego in debt deal with venture capitalist Triplepoint
Exclusive: Pay as you go insurtech Zego has inked a deal with venture capitalist Triplepoint that will see it take on debt to fund further expansion.
Blog: How can insurers keep up when the future is being created every day?
Insurers will inevitably retain insurance as their core offering. But must act more like venture capitalists and develop innovation cultures to succeed according to Geoff Knott, director, Ninety Consulting
Iotatech gets £1m capital injection in second funding round
Exclusive: Start-up Iotatech's £1m raise will secure its development and growth over the next two years.
Munich Re-backed insurtech that uses AI to detect fraud attracts $14m in funding round
Fraugster, a software company that uses artificial intelligence to prevent fraud for online retailers, has raised $14m in funding as it looks to expand into new markets.
B2B insurtech Hokodo raises €1.9m
Insurtech Hokodo has raised €1.9m (£1.7m) in a seed round led by fintech and insurtech venture capital investor Anthemis.
Zego launches pay-as-you-go cover in Ireland
Gig economy pay-as-you-go broker Zego is launching in Ireland.
Peter Cullum-backed Lexicon targets growth with Oasis buy
Peter Cullum-backed Lexicon Property has acquired Oasis Property Insurance Services.
Marsh and Nephila bring alternative capital property offering to market
Marsh and The Schinnerer Group have launched the first alternative capital-backed retail property-insurance vehicle for companies in the United States.
Insurtech firm Bought by Many receives £7.5m investment
Insurtech broker Bought by Many has received £7.5m in investment funding.
BP Marsh takes a further 6.87% stake in Nexus
BP Marsh has acquired a further 6.87% in Nexus Underwriting for £4m.
Profits up 76% at venture capital group BP Marsh
BP Marsh has seen a strong growth in its profit after tax with the company taking in £8.7m in the year to January 31 2016, up from £4.9m for the same period last year.
Innovation Broking attracts £2m VC investment
Venture capital investor Albion Ventures is to invest £2m in commercial broker Innovation Broking.
BP Marsh doubles profit
Venture capital firm BP Marsh & Partners has doubled its profit before tax for the six months to 31 July 2015 to £3.4m.