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Lincoln Financial to sell wealth management business

The transaction is expected to provide approximately $700 million of capital benefit to Lincoln.

Posted: Dec 15, 2023

The parent of a SiriusPoint shareholder taken into private receivership

CMIG International Holding Pte Ltd has been taken into private receivership by its lenders.

Posted: Dec 15, 2023

Layoffs at Cruise

The company is laying off 900 employees.

Posted: Dec 15, 2023

Motivate Venture Capital launches $81 million Fund II

Motivate Venture Capital is a venture capital firm based in Chicago.

Posted: Dec 15, 2023

Aflac and Trupanion will not sell pet insurance in Japan

Avanta portfolio companies include Blueprint Title, Car IQ, Companion Protect, Cowbell, Delos, Joyn, Kin and others. 

Posted: Dec 15, 2023

Kapital raises $40 million

MS&AD Ventures participated in the round.

Posted: Dec 14, 2023

Darwin grows to serve 250,000 customers

Darwin is run by a small end-to-end team of 50 people.

Posted: Dec 14, 2023

JPMorgan will discontinue its digital robo-advisor product

The bank introduced its robo-advisor product in 2019.

Posted: Dec 14, 2023

Swiss Re acquires Fathom

MS&AD Ventures participated in the round.

Posted: Dec 14, 2023

Markel International launches Specialty division

Darwin is run by a small end-to-end team of 50 people.

Posted: Dec 14, 2023

Terminal raises $3.1 million

The startup looks to give third parties access to GPS data, speeding data and vehicle stats with a single API. 

Posted: Dec 13, 2023

Victor Joseph promoted to president & COO of Mercury

Victor has held a variety of positions since he joined the company almost 15 years ago.

Posted: Dec 13, 2023

Ryan Specialty forms new MGU

Former National Highway Traffic Safety Administration administrator brings expertise in traffic safety, emergency medicine, and crash injury research to CMT Road Safety Board Cambridge, MA – December 13, 2023 — ...

Posted: Dec 13, 2023

3 Line Items You Can Remove from Your 2024 Budget

Find out how to reduce costs and compliance risk while budgeting for 2024 with three common line items you can remove from your budget.

Posted: Dec 13, 2023

Guardz raises $18 million

Guardz targets small businesses with an offering that includes cybersecurity protection and insurance.

Posted: Dec 13, 2023

Loop makes additional cuts and pauses advertising

The cuts impacted a low single-digit number of employees.

Posted: Dec 13, 2023

Jonathan May announced as new Lloyd’s Europe CEO

Former National Highway Traffic Safety Administration administrator brings expertise in traffic safety, emergency medicine, and crash injury research to CMT Road Safety Board Cambridge, MA – December 13, 2023 — ...

Posted: Dec 13, 2023

Upfort partners with Arch Insurance

Upfort and Arch will work with brokers to develop cyber insurance programs.

Posted: Dec 12, 2023

Aon to sell its Netherlands personal lines business

The transaction is subject to regulatory approval.

Posted: Dec 12, 2023

AAA partners with Spot Pet Insurance

AAA members will gain access to Spot's pet insurance plans.

Posted: Dec 12, 2023

Spagnoli to lead consumer lines for Chubb’s international general insurance operations

Chubb's international consumer lines comprise a broad range of personal property and casualty insurance products.

Posted: Dec 12, 2023

Hiscox and Google Cloud Collaborate on AI underwriting tool

Upfort and Arch will work with brokers to develop cyber insurance programs.

Posted: Dec 12, 2023

Layoffs at Cover Whale

Cover Whale claims to have over 6,000 appointed agents.

Posted: Dec 11, 2023

Allianz develops machine-learning tool to support growing fraud claims

The new tool is called Incognito.

Posted: Dec 11, 2023

Medefy raises $10 million

Medefy offers a healthcare benefits navigation platform.

Posted: Dec 11, 2023