Wefox Holding AG appointed former Allianz manager Joachim Mueller as chief executive officer, ending a boardroom battle that pit the insurance tech startup’s founders against some of its shareholders. Mueller will replace interim CEO Mark Hartigan, effective immediately, Berlin-based Wefox …
Wefox Holding AG is replacing Chief Executive Officer Mark Hartigan after the German insurance tech startup’s board rejected a proposal by its largest stakeholder, Mubadala Investment Co., that he backed to sell the company. Hartigan, who took the position in …
Mubadala Investment Co. has proposed selling troubled insurance tech startup Wefox Holding AG to UK insurance broker Ardonagh Group Ltd. in a deal opposed by the German firm’s founders. The Abu Dhabi sovereign wealth fund has told Wefox shareholders it …
Insurtech investments reached an historic high in 2019 but last year also capped a three-year period where a good number of Insurtech startups called it quits. According to a new briefing on the sector from Willis Towers Watson, dozens of …
Kin Insurance, an insurtech startup focused on home insurance in catastrophe-prone regions, said it has raised $47 million in new venture financing to fuel expansion and a revamped business model. August Capital led the new financing round, which included contributions …
Lansing, Michigan-based PROTO InsurTech, a business accelerator and equity investment fund led by Lansing Economic Area Partnership (LEAP), said three new international high-tech startups have begun operating in LEAP’s REO Town office. The startups aim to transform the Michigan insurance …
Startup insurance provider, Berkley One, has launched in Illinois, the first state of a planned national state-by-state rollout. Working with a select group of independent agents, Berkley One offers home, automobile, fine art and collectibles, and excess liability insurance solutions, …
Disrupting an industry that has been doing things the same way for a generation takes time. Take it from one major insurance disruptor – compare.com. The online insurance comparison marketplace launched in the U.S. in 2013 and now operates in …
Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured into them globally is going into artificial intelligence and internet of things startups, new research finds. The research from Accenture, …
Startupbootcamp InsurTech, the business accelerator that promotes insurance technology startups and corporate innovation, has formed a partnership with XL Catlin. The announcement comes as Startupbootcamp InsurTech’s second accelerator program enters its final weeks in London, with 10 teams drawn from …
