The InsurTECH Book

Core Insurance

NFP | November 09, 2021

NFP, a leading insurance broker and consultant that provides business and personal insurance, group benefits, retirement, and individual solutions today announced its acquisition of Foster Park Brokers Inc. (Foster Park). The transaction closed on November 1, 2021. With the addition of Foster Park, one of Western Canada's largest independent insurance brokerages, NFP is adhering to its strategic plan of building a unified national platform that provides superior expertise and ...

Insurance Business Magazine | January 15, 2020

While the world watches the Australian bushfires ravage the country, it’s not the only region that’s felt the brute force of the fiery catastrophe. The past year may not have been California’s worst wildfire season on record – that title went to 2018 – but still, in late October, fires broke out throughout the state and led to the evacuation of more than 200,000 people as well as a declaration of a state of emergency, according to the Insurance Information Institute...

Insurance Technology

TrustLayer | August 19, 2021

TrustLayer, a collaborative risk management platform, today announced it has closed a Series A funding round of $15.1 million. Craft Ventures led the round with participation from returning investors Abstract Ventures, Box Group, Propel Venture Partners, NFP Ventures, Sure Ventures, and new investor PruVen Capital. As part of the funding round, Brian Murray, Partner and COO at Craft Ventures, will join TrustLayer's Board of Directors. In just two years, TrustLayer has establis...

Prudential | March 12, 2020

Prudential Plc has today revealed official plans for a minority initial public offering (IPO) of its US subsidiary, Jackson. The London-based firm, which recently described itself “an Asia-led portfolio of businesses” after demerging from its UK and European savings and investments arm last year, has made the decision to float part of its US business amidst pressure from investors to cut ties. According to Reuters, one “rebel investor” – a US hedge fund named Third ...