Skyway Underwriters has announced a strategic partnership with ResiQuant aimed at transforming the underwriting of coastal wind risk in Florida’s property insurance market, as insurers increasingly turn to artificial intelligence to manage catastrophe-exposed portfolios.
Global insurer American International Group (AIG) has announced the promotion of Neil Smallcombe to President of Lexington Insurance Company, AIG’s U.S. surplus lines insurer.
Moonrock Insurance, a specialist drone insurance MGA, has partnered with mea Platform, a fast-scaling (re)insurance AI product company, to implement mea Operations as an AI-first operating platform across its business.
UK home insurers facing prolonged margin pressure are being encouraged to look to Nordic markets for strategies to return to profitability, according to industry experts.
Geothermal energy startup Zanskar has raised $115 million in a Series C financing round to scale its AI-driven geothermal discovery platform and begin developing power plants across the Western United States. The round was led by Spring Lane Capital and included participation from existing backers Obvious Ventures, Union Square Ventures, and Lowercarbon Capital, as well as new and returning investors including Munich Re Ventures. The financing brings Zanskar’s total equity funding to $180 million.
Admiral Pioneer, the venture-building arm of Admiral Group, has partnered with Octopus Electric Vehicles to launch a personalised insurance offering for electric vehicle drivers using employer-sponsored leasing schemes.
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