Insurtech Hourly raises $7.15m in seed funding round

American insurtech firm Hourly has raised $7.15m in a seed funding round led by Aya Peterburg and Haim Sadger of…

Canada Life Reinsurance enters into €12bn longevity pact with Aegon

Canada Life Reinsurance has partnered with Aegon in a long-term longevity reinsurance agreement to cover €12bn in-force liabilities. Under the…

Voya Financial to offload individual life business to Resolution Life

Voya Financial has signed an agreement with Resolution Life to offload its individual life and other legacy non-retirement annuities businesses.…

New York Life to pay $6.3bn for Cigna’s group life and disability operations

New York Life has agreed to acquire health insurer Cigna’s group life and disability operations in a transaction valued at…

Branch launches new product to lower insurance costs for customers

Ohio-based Branch Insurance has unveiled a new product to aid customers in lowering their insurance cost. The product, named Vouch…

Jewelers Mutual taps H2O.ai’s AI solution to improve customers’ experience

Jewelers Mutual, a provider of insurance to jewellers and consumers, has selected H2O.ai’s solutions powered by AI and machine learning…

Veritas Kapital signs bancassurance pact with Unity Bank

Nigerian insurer Veritas Kapital Assurance has signed a bancassurance agreement with Unity Bank to sell its insurance products to the…

Howden boosts Middle East presence with Guardian Insurance partnership

British specialist insurance broker Howden has joined forces with the UAE-based broker Guardian Insurance Brokers to boost its presence in…