News
NFU Mutual Warns On Ghost Brokers
As the cost of living keeps on rising, more people will be tempted by offers of cheap car insurance online. But often, there is no policy – and no broker. NFU Mutual is warning ghost […]
sold
InsureTech
Deals: Trov Sells Out to Travelers
Trōv, one of the earliest and most widely recognized insurtechs, today announced that its technology has been acquired by The Travelers Companies, Inc. (NYSE: TRV), a leading provider of property casualty insurance for auto, home and […]
InsureTech
Cover Genius Racks Up 10m Policies
Cover Genius, the insurtech for embedded insurance, is pleased to announce that it has sold more than 10 million policies. This milestone follows a year of continued growth in which the insurtech saw a 667% […]
News
Deals: Admiral Sells Confused.com to RVU
Admiral Group has announced that it has reached an agreement with ZPG Comparison Services Holdings UK Limited, who will purchase Penguin Portals Group (Confused.com, Rastreator.com and LeLynx.fr) and its 50% share of Preminen Price Comparison […]
News
Co-Op Sells Underwriting Biz To Markerstudy
The Co-op has sold its underwriting business to Markerstudy, TwinFocus and funds managed by Blackstone Credit for proceeds of £185 million. With over 150 years’ experience of creating and selling insurance products and strong ambitions […]
Fraud
Scams, Fraud and Insurance Crime Round Up August 2020
Just some interesting cases we spotted online recently; DORSET Dorset Police stopped a speeding Range Rover recently, posting a photo to their Twitter account with the following comments; “The driver of this £70,000 Land Rover […]
Household Insurance
Openly Raises $7.6m In Funding Round, Aims to Expand Home Insurance Offer
Openly Inc., the tech-enabled home insurance provider designed to empower rather than replace agents and simplify the home insurance buying process, announces a $7.65M seed round of funding led by Gradient Ventures, Google’s AI-focused venture fund. Simultaneously, […]
Insurance & Reinsurance
Deals: Phoenix Group Makes £144m Purchase of Aegeon Pension Annuity
Phoenix Group, Europe’s largest life and pensions consolidator, today announces that it has completed a £144 million bulk purchase annuity with the Trustee of the Aegon UK Staff Retirement and Death Benefit Scheme. The insurance […]