Home insurance firm Kin tops up Series D with another $15m raise
US-based direct-to-consumer (D2C) home insurance company Kin has garnered an additional $15m as part of its Series D funding round. Geodesic Capital,…
22 Mar 2023
IndiaFirst Life Insurance secures SEBI nod to launch IPO
IndiaFirst Life Insurance company has secured the green light from capital markets regulator Securities and Exchange Board of India (SEBI) for an initial public offering (IPO). Citing the DRHP, media…
21 Mar 2023
NSM buys three medical stop-loss and managed care insurers
US-based speciality insurance provider NSM Insurance Group has acquired three subsidiaries of ELMC Risk Solutions from private investment firm JC Flowers. Financial terms of the transaction were not disclosed. The…
20 Mar 2023
Accenture to buy financial services consultant Optimind
IT services provider Accenture has announced plans to buy Optimind to bolster its financial services, insurance, and compliance risk management capabilities. France-based Optimind is a consultancy engaged in providing advisory services and solutions to…
20 Mar 2023
Sanlam eyes accelerated growth with Allianz deal
Insurance company Sanlam is looking to hasten the growth of its African business via its joint venture partnership with Allianz, reported Business Daily Africa. In May 2022, Sanlam and Allianz reached an agreement to merge…
17 Mar 2023
Auto insurtech Fairmatic lands $46m investment
Fairmatic, which uses AI to create risk profiles of commercial fleets, has secured $46m in a Series B funding round led by Battery Ventures. Existing investors and Bridge Bank…
17 Mar 2023
Denmark’s Topdanmark to buy Oona Health for $321m
Danish insurance firm Topdanmark Forsikring has signed a deal to buy Oona Health and all its subsidiaries in a deal valued at DKK2.25bn ($321.25m). Oona Health, which was owned by AnaCap Financial Partners and…