XL Innovate News

XL Catlin to Build On-Demand Cyber Insurance Product With Slice Labs

Slice Labs Inc., a U.S. company offering cloud-based on-demand insurance, has partnered with XL Catlin to offer an on-demand cyber insurance product for U.S. small and medium-sized business (SMBs) built on the Slice Insurance Cloud Services (ICS) platform. The ICS …

XL Catlin Is Lead Investor in $16.5M Financing for Israeli Maritime Risk Analytics Firm

XL Catlin’s venture capital arm is the lead investor in a $16.5 million financing for Windward, a maritime risk analytics firm, based in Israel. XL Innovate led the Series C financing, though previous investor Horizons Ventures participated along with individuals …

Insurtech Slice Raises $11.6M; Will Offer Its On-Demand Platform to Other Carriers

Slice Labs Inc., a company offering an on-demand insurance platform for rideshare and homeshare risks in the United States, has announced a Series A investment of $11.6 million led by XL Innovate, with participation from Horizons Ventures, Munich Re / …

XL Innovate Backs Construction Risk Management Platform Pillar

Pillar Technologies, which uses sensors to capture and distribute risk data on construction sites in real time, has secured $2.75 million in seed funding from XL Innovate, Hyperplane VC and Techstars Ventures. Pillar said the funding will enable it to …

With Insurer Backing, Home Sensor Startup Notion Raises $10 Million

Insurer XL Catlin’s venture capital arm is among firms helping to back a $10 million financing for Notion, an Internet of Things-related startup focused on a low-cost remote smart home sensor for home security. XL Catlin’s XL Innovate, a previous …

XL Catlin Appoints Karna as Chief Data Officer

XL Catlin has announced the appointment of Dr. Henna A. Karna as chief data officer, reporting to XL’s chief platform officer, Myron Hendry. Karna has more than 20 years’ experience leading data-driven, digital innovation and positive disruption within the insurance …

XL Catlin Invests $4M in Insurtech Microinsurance Startup, Stonestep

XL Catlin’s venture fund, XL Innovate, committed $4 million in first-round financing to Stonestep, a property/casualty insurtech startup looking to streamline how microinsurance is sold in emerging markets. The Series A funding is designed to help Stonestep grow in the …

XL Catlin Appoints Branch as Chief Executive of Insurtech Team, Accelerate

XL Catlin announced the appointment of Vincent Branch as Chief Executive for Accelerate, its new expert team focused on innovation and insurtech. Accelerate is led by XL Catlin’s former chief underwriting officer for Insurance, Paul Brand. Branch joins XL Catlin …

Insurtech Startups Attract Growing List of Traditional Insurer Partners

Listening to Andrew Rear talk about insurers, you wouldn’t think he works for one that’s been around for 136 years. The 46-year-old head of Munich Re’s Digital Partners unit has said the industry is “one of the last bastions of …

Munich Re Partners with Startup Slice to Offer On-Demand Insurance Products

Munich Re has partnered with insurtech startup Slice Labs Inc. as Slice prepares to launch its first on-demand, per-use insurance product. Slice and Munich Re said they have agreed to an ongoing roll-out of products and territories with Slice supplying …