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CORE INSURANCE, INSURANCE TECHNOLOGY
CoverTree | September 20, 2022
CoverTree, one of the first ever digital insurance solution for residents of manufactured homes, today announced the launch of insurance coverage in Arizona, Indiana, Michigan, New Mexico, Ohio, Illinois, and Tennessee after raising a total of $10 million in venture funding. The $10 million Seed round was co-led by AV8 Ventures and Distributed Ventures with participation from Detroit Venture Partners, Ludlow Ventures, and Annox Capital.
CoverTree will use funding for team growth, ...
Westfield | September 09, 2022
Successfully executing on its Specialty Insurance expansion strategy, Westfield today announced its entrance into the international specialty market via the purchase of Lloyd’s of London Syndicate 1200 from Argo Group International Holdings, Ltd. As a leading property and casualty (P&C) insurance company in the United States, this acquisition accelerates Westfield Specialty’sSM rapid growth after a strong first year in the U.S. market.
Subject to regulatory approva...
Title Insurer | February 07, 2020
Fidelity National Financial Inc said on Friday it would acquire U.S. annuities and life insurance firm FGL Holdings Inc. in a deal valued at $2.7 billion, as it seeks to expand beyond its core title insurance business. Reuters reported on Thursday that Fidelity was close to acquiring FGL. Under the terms of the cash-and-stock deal, the holders of FGL’s shares may elect to receive either $12.50 per share in cash or 0.2558 of a share of the FNF stock for each share of FGL they own, represent...
Sompo International | April 17, 2020
Sompo International Holdings is saying goodbye to insurance marketplace Lloyd’s of London.
Starting January 2021, the specialty provider of property & casualty insurance and reinsurance will no longer write business from Endurance at Lloyd’s or Syndicate 5151. Sompo International said all renewals and new business will be written from Endurance Worldwide Insurance Limited, as the Bermuda-based insurer consolidates its London presence into one company market platform....
CLAIMS, INSURANCE TECHNOLOGY
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