data analytics News

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 …

Partnering with Insurtech to Transform Rather Than Disrupt Insurance

The insurance industry is experiencing a convergence with technology that is transforming the way it develops products, underwrites, prices and sells policies, and services its customers. This change can seem disruptive, so it’s critical that insurance companies better understand how …

Private Equity Firm Blackstone Eyes Insurance Data Analytics Business

Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world’s largest private equity firm is expanding into a lucrative business dominated by BlackRock Inc.: portfolio risk analytics. Bennett Goodman, co-founder of Blackstone’s GSO credit …

Travelers Taps Gifford for New Chief Data and Analytics Officer Position

The Travelers Companies has named Bruce Gifford to the newly-created role of enterprise chief data and analytics officer to further strengthen the company’s data and analytics capabilities. Gifford previously served as senior vice president and chief actuary for the company’s …

American Family Insurance Acquires Data Analytics Firm; Also Home Tech Firm

American Family Insurance said it intends to accelerate its use of data, advanced analytics and artificial intelligence (AI) with its purchase of Chicago-based data and analytics software company Networked Insights. American Family is a Networked Insights client and has been …

Verisk to Acquire Bankruptcy Data and Risk Management Firm LCI

Verisk Analytics Inc. has agreed to acquire LCI, a provider of bankruptcy risk prediction and management tools for banks and creditors. When the transaction is complete, LCI, based in Burlingame, California, will become part of Argus, Verisk’s data and advisory …

Verisk to Acquire London-Based Complex Data Software Firm Sequel

U.S.-based data analytics firm Verisk Analytics Inc. has agreed to acquire London-based insurance and software specialist Sequel from private equity firm HgCapital and other Sequel shareholders. Sequel specializes in software that “creates instant, intuitive understanding of the most complex data,” …

Willis Re North America Names Ingle Head of Analytics

Brian Ingle will lead the Analytics team for Willis Re North America following Alice Underwood’s appointment as head of Risk Consulting and Software. Ingle will report to Jim Bradshaw, CEO, Willis Re North America. Ingle joined Willis Re in 2006 …

Cape Analytics Now Offering Property Data in 8 Additional States

Cape Analytics, a start-up that relies on machine learning, computer vision and geospatial imagery to produce propriety property data for insurance carriers and others, is expanding. After a start in Florida, the California-headquartered company is now offering its data coverage …

Insurity Acquires Valen Analytics

Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial terms. Valen is perhaps best known for its InsureRight Platform and its predictive analytic products designed …