fundraising News

Insurance Technology: Policygenius Raises $125M; Players Health Raises $28M

Insurance brokerage platform Policygenius announced the closing of $125 million of new growth capital, bringing the insurtech’s total funding to more than $250 million. The platform, launched in 2014, allows customers looking for life, disability, home and auto insurance to …

Lighthouse Raises $65M for Debt Refi, Growth of Insurance Carrier

Lighthouse Management LLC has raised $65 million in capital, the company announced. The senior notes, issued in a private placement, will be used to refinance debt held by the group’s managing general agent, provide growth funding for the affiliated carrier, …

Insurtech Slide Closes $100M Fundraising Round

Slide, an insurtech company based in Tampa, announced it is closing its oversubscribed, $100 million Series A fundraising round. Slide uses data, artificial intelligence and machine learning to let homeowners create insurance policies, and the fundraising will help the firm …

Anti-Fraud Tech Company FRISS Raises $65 Million to Fund Expansion

FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach. The company said it serves insurers in more than 40 countries currently, and …

Scholarship Organization Forms in Maine to Assist Children of Injured Workers

Representatives of employers, organized labor, insurance companies, plaintiff’s attorneys, medical providers and defense attorneys have formed Kids’ Chance of Maine to provide scholarships to the children of workers who have been seriously injured or killed on the job. The Maine …

E&S Insurance Execs Have Heads Shaved for Good Cause

Eight surplus lines insurance industry executives had their heads shaved bald this past Monday night in front of a cheering crowd in Las Vegas, Nev. It was not some bizarre industry hazing ritual or ancient form of punishment. Instead it …

‘Hank’ Greenberg to Host Fundraiser for Republican Candidate Perry

C. V. Starr & Co. Inc. Chairman and CEO Maurice “Hank” Greenberg is scheduled to host a fundraising event in New York on Tuesday, Sept. 20, for Texas Gov. Rick Perry. Perry is one of the leading Republican Party candidates …