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$43m funding for Lazarus AI with participation from QBE and State Farm Ventures
Boston-headquartered Lazarus AI has announced $43m in funding, with participation from QBE, State Farm Ventures, and others.
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Crestview Partners invests in Novel Financial Holdings
Private equity firm Crestview Partners has invested an undisclosed amount in Novel Financial Holdings, whose managed carriers write around $2bn of annual gross written premium.
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£4.9m seed round for i23, the AI-native insurance broker
i23, the AI-native insurance broker co-founded by former economic secretary to the Treasury Bim Afolami and PrimaryBid co-founder Anand Sambasivan, has secured £4.9m in an oversubscribed seed round, according to Sky News.
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Vantage launches Facultative Reinsurance business led by Lisa Pickard
Vantage Group Holdings has launched a Facultative Reinsurance line of business led by Lisa Pickard, who has joined as President of Facultative Reinsurance.
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Gore Mutual embeds Guidewire ProNavigator in claims and Personal Lines underwriting
Gore Mutual Insurance has deployed Guidewire ProNavigator across its Claims and Personal Lines underwriting operations, embedding the AI assistant in its core policy and claims applications.
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Munich Re Specialty formally enters Australian primary specialty insurance market
Munich Re Specialty has formally entered the Australian primary specialty insurance market with Property, Construction & Engineering, Mining, and Surety cover for commercial and mid-market clients.
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