MassMutual inks $3.5bn deal to buy American Financial Group’s annuity business
Massachusetts Mutual Life Insurance Company (MassMutual) has agreed to acquire the annuity business of American Financial Group (AFG) in a cash…
US insurtech Rhino receives financial boost of $95m
New York-based insurtech Rhino has raised $95m in a financing round led by Tiger Global Management to fuel growth. An investment firm, Tiger Global Management focuses on public and private…
27 Jan 2021
Insurtech Sidecar Health joins unicorn club with $125m Series C financing
US-based health insurtech Sidecar Health has raised $125m through its Series C funding round, bringing its valuation to $1bn. Led by Drive Capital, the round involved the participation of new…
27 Jan 2021
Eurapco and B3i introduce blockchain risk transfer solution
Eurapco, an alliance of eight primarily mutual European insurance companies, and B3i Services have launched a global risk transfer operational solution on blockchain infrastructure. Dubbed Eurapco Unity, this new solution…
27 Jan 2021
Allstate to divest life insurance business to Blackstone for $2.8bn
US-based insurance major Allstate has agreed to divest Allstate Life Insurance Company (ALIC) to entities managed by private equity giant Blackstone for $2.8bn. The transaction includes ALIC and certain subsidiaries,…
27 Jan 2021
By Bits launches to transform the motor insurance industry
Insurtech By Bits has launched with a promise to transform the customer experience and bring fair pricing and motor insurance to drivers. The platform allowed motor insurance providers to create…
26 Jan 2021
Funds advised by Apax swoops on specialist insurance intermediary PIB Group
Funds advised by private equity firm Apax Partners has agreed to buy UK-based independent insurance intermediary PIB Group for an undisclosed sum. Under the agreement, funds advised by PIB’s existing…
26 Jan 2021