PCF Insurance rakes in $400m debt to finance M&A
US insurance intermediary PCF Insurance has closed a $400m incremental debt financing round, led by global alternative asset manager Blue Owl. …
25 Apr 2024
Insurtech Igloo expands insurance in Vietnam with new tie-ups
Singapore-based insurtech company Igloo has entered alliances with several financial services providers to expand insurance coverage in Vietnam. As part of the initiative, Igloo is partnering with digital wallet services provider…
24 Apr 2024
AI insurtech PeppercornAI gains £3.25m in funding round
Insurtech PeppercornAI, which utilised conversational technology, has raised £3.25m ($4m) in its latest funding round. The funding, of which Wealth Club gave £1.9m, for PeppercornAI included high net worth investors…
24 Apr 2024
Chubb registers 13% rise in Q1 net income
Chubb has reported net income of $2.14bn in the first quarter of 2024 (Q1 2024), a 13.3% increase from $1.89bn during the same period in 2023. The insurer registered a…
24 Apr 2024
PIC launches Mosaic for small schemes
Pension Insurance Corporation, PIC, has launched a streamlined service, Mosaic, for small pension schemes looking to complete a buyout. Mosaic offers price monitoring as well as standard processes and contracts…
24 Apr 2024
Jensten acquires Robert Gerrard & Co
Jensten is set to boost its scheme and affinities arm with the acquisition of Robert Gerrard & Co. The deal, which is subject to regulatory approval, will bring the 19-strong…
24 Apr 2024
Allianz partners with Clearspeed to enhance fraud detection in UK
Allianz has formed a partnership with Clearspeed to bolster its fraud detection capabilities and expedite the processing of legitimate customer claims in the UK. Clearspeed uses voice analytics technology to…