January 10, 2022
Aquiline Drones Corp. (AD), a Hartford, Conn.-based drone manufacturing and services firm, has completed the licensing process to establish its own insurance captive, Aquiline Drones Indemnity Corp. (ADIC). This insurance license allows AD to assume the risk of its entire …
January 19, 2021
Two insurance industry veterans have launched Confianza, a new data analytics company focused on smaller insurers. One co-founder – Jeffrey Glazer – is a past chief executive officer of Activer Solutions and Insurity, and was a past CEO of Insurance …
November 20, 2019
Vouch Insurance this week announced a $45 million Series B investment round led by Y Combinator Continuity. Vouch also announced its launch in California, which the firm said represents 50 percent of the business insurance market and is the center …
October 24, 2019
Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et placement du Québec (CDPQ) and Ontario Teachers’ Pension Plan, raising US$500 million in initial …
August 7, 2018
San Francisco, Calif.-based startup Metromile announced today that Tokio Marine Holdings Inc. has become the first insurance carrier to license Metromile’s Connected Intelligence Platform. Metromile in July announced $90 million in Series E funding co-led by Tokio Marine and Intact …
April 23, 2018
Emerging from a 10-week accelerator program, 10 technology-powered insurance startups presented their ideas for enhanced customer engagement, cyber security, digital health, smart home products and supply chain management at the first annual Demo Day sponsored by Hartford InsurTech Hub last …
September 28, 2017
Chicago, Ill.-based Clearcover announced an initial funding round of $11.5 million led by Lightbank. Greycroft Partners, 500 Startups, Silicon Valley Bank, and other insurance and fintech investors also participated in the financing. Clearcover will use the funding to scale up …
June 26, 2017
Denver-based National Partners, a new premium finance company, said that it will open for business and begin processing loans on July 2. Since its formation in July 2016, NP has been building out its software system and securing the state …
June 22, 2017
Insurtech startup Bridger has purchased Pleasanton, Calif.-based SCJ Insurance Services in a step toward launching what the firm contends will be “simpler, cheaper, and easier-to-manage automotive insurance.” Bridger CEO Kimo Winterbottom talked about the acquisition with Insurance Journal on Thursday …
June 16, 2017
Some see insurtech as the enemy. Others see it as a sign of things to come. Then there’s EPIC Insurance Brokers & Consultants, which is clearly embracing the insurtech craze while soliciting brokers to join them. San Francisco, Calif.-based EPIC …