Deal News

Chinese EV maker BYD eyes purchase of Yi’an P&C Insurance

BYD, an electric vehicle (EV) manufacturer based in China, is looking to venture into the insurance space by buying Yi'an P&C Insurance,…

Zurich leads BOXX Insurance’s $14m Series B round

Canadian cyber insurtech BOXX Insurance has raised $14.4m in a Series B investment round led by Zurich Insurance Company.  The latest raise takes…

Flood insurance provider rethought scores $10.5m in Series B round

Technology-centric managing general agent (MGA) reThought Insurance, which focuses on US commercial flood risk, has received a $10.5m infusion in its…

Easy Digital secures seed funding to digitally transform insurers

Thailand-based insurance technology startup Easy Digital has raised $850,000 in a seed funding round led by Wavemaker Partners, reported DealStreetAsia.  The…

Insurtech start-up iLife scores $17m in Series A round

iLife Technologies, a life insurance sales automation platform, has secured $17m in a Series A funding round led by Foundation…

Resolution Life to get another $1bn infusion from Nippon Life

Nippon Life Insurance is set to invest a further $1bn in insurance consolidator Resolution Life, which has presence in Bermuda,…

Voya Financial closes $570m acquisition of Benefitfocus

Voya Financial, which operates in the insurance, retirement and investments industry, has wrapped up the acquisition of Benefitfocus. The cash deal…

At-Bay bolsters operations with acquisition of P&C insurer

US-based digital insurer At-Bay has purchased At-Bay Specialty Insurance Company from XL Insurance America for an undisclosed sum. With a licence to…

Saga weighs sale of claims hit underwriting unit

UK’s Saga Group has revealed that it is in talks to divest its underwriting unit Acromas Insurance Company (AICL).  AICL currently underwrites approximately 25-30%…

Coverdash launches US operations with seed funding 

Insurtech startup Coverdash has closed a seed funding round and launched its operations in the US. The seed round was led by…